UK Car Loan

£40,000 car loan at 14.9% APR over 4 years

Indicative monthly repayment and total cost for a UK car loan of £40,000 at a 14.9% representative APR.

Monthly repayment

£1,111.20

Total interest

£13,337.76

Total repaid

£53,337.76

Is this a good rate?

UK car loan APRs typically range from around 6% for excellent credit to 25%+ for sub-prime borrowers. At 14.9%, a £40,000 loan costs £1,111.20 per month and £13,337.76 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

£40,000 at 3.9% · 4yr £40,000 at 4.9% · 4yr £40,000 at 5.9% · 4yr £40,000 at 6.9% · 4yr £40,000 at 7.9% · 4yr £40,000 at 8.9% · 4yr

Other amounts at 14.9%

£3,000 at 14.9% · 4yr £5,000 at 14.9% · 4yr £7,500 at 14.9% · 4yr £10,000 at 14.9% · 4yr £12,500 at 14.9% · 4yr £15,000 at 14.9% · 4yr