What did your car finance really cost?

Three numbers sit on every agreement. Most people can quote the monthly payment and none of the other three.

Find out what your car finance actually cost you

  • A one-page worksheet: three boxes, five minutes, your agreement
  • How to compare two deals honestly using APR
  • The difference between the price of the car and the price of the credit

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Motor Moola is a free newsletter about running a car. Choose how you would like to hear from us.

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The three numbers

01

Total amount payable

Every payment added together, including any deposit, fees and final payment. This is the real price of the car to you, and it is usually the number people have never looked at.

02

APR

The annual rate, including compulsory charges. It is the only figure that lets you compare one agreement against another honestly, because it is calculated the same way by everyone.

03

Total charge for credit

The total amount payable minus the cash price. In other words, what the borrowing itself cost you, separate from the car.

4
years the average UK PCP runs
3
numbers that tell you what it cost
5 min
to find all three on your agreement

We will send you the one-page version

Print it, sit down with your agreement, fill in the three boxes.

Find out what your car finance actually cost you

  • A one-page worksheet: three boxes, five minutes, your agreement
  • How to compare two deals honestly using APR
  • The difference between the price of the car and the price of the credit

Free. Choose email, text, or both. Unsubscribe from any message.

Motor Moola is a free newsletter about running a car. Choose how you would like to hear from us.

Your details are stored securely. You can ask to see the record we hold, or withdraw any of these permissions, at any time.