MegaConvert.uk
UK Car Loan

£20,000 car loan at 12.9% APR over 6 years

Indicative monthly repayment and total cost for a UK car loan of £20,000 at a 12.9% representative APR.

Monthly repayment
£400.43
Total interest
£8,830.77
Total repaid
£28,830.77

Is this a good rate?

UK car loan APRs typically range from around 6% for excellent credit to 25%+ for sub-prime borrowers. At 12.9%, a £20,000 loan costs £400.43 per month and £8,830.77 in total interest.

Cheaper alternatives

  • 0% dealer finance — manufacturer-subsidised, usually only on new cars.
  • 0% purchase credit cards (12–24 months) for smaller amounts.
  • Personal loans from your current bank often beat dealer APRs.

Same loan, different rates

£20,000 at 3.9% · 6yr£20,000 at 4.9% · 6yr£20,000 at 5.9% · 6yr£20,000 at 6.9% · 6yr£20,000 at 7.9% · 6yr£20,000 at 8.9% · 6yr

Other amounts at 12.9%

£3,000 at 12.9% · 6yr£5,000 at 12.9% · 6yr£7,500 at 12.9% · 6yr£10,000 at 12.9% · 6yr£12,500 at 12.9% · 6yr£15,000 at 12.9% · 6yr