Classic car finance calculator

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No impact on your credit score

Representative xx.x% APR

Looking for classic car finance? Use our quick calculator to help you work out
your monthly payments.

Calculate monthly classic car finance payments

Calculate monthly classic car finance payments

Calculate monthly classic car finance payments

The world of classic car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether classic car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of classic car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether classic car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of classic car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether classic car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

Compare your classic car finance options

Timer, green tick and chequer flag next next to Oodle Car Finance logo
Timer, green tick and chequer flag next next to Oodle Car Finance logo
Timer, green tick and chequer flag next next to Oodle Car Finance logo

Classic car loans

A car loan is a type of finance that allows buyers to buy a vehicle outright. The buyer borrows a lump sum of cash up front and then makes monthly payments over a set period (which will vary according to the agreement type).

Hire purchase

Hire purchase is an instalment payment plan with regular monthly payments that allows you to have use of the car while you’re paying for it. You hire the car for the duration of the agreement, while you’re paying for it, with the option to purchase it at the end. 

Personal contract purchase

Personal contract purchase (PCP) is another popular type of vehicle finance. Rather than borrowing a loan equal to the total cost of the car, as you do with HP, your PCP loan covers only the estimated reduction in value of the vehicle, plus any fees and interest charged for hiring.

Personal contract hire

Personal contract hire, also known as PCH, is essentially a form of long-term rental and is a popular way to 'lease' a car. Typically, you pay an initial rental up front – often between 1-12 months – and agree to lease the car for a set period. At the end of the agreement, you return the car and settle any further charges (e.g. excess mileage and/or unreasonable wear and tear) that may apply.

What is the best car financing option for you?

What is the best car financing option for you?

What is the best car financing option for you?

Personal Car loan

Personal Car loan

Personal Car loan

Personal Contract Purchase

Personal Contract Purchase

Personal Contract Purchase

Hire purchase

Hire purchase

Hire purchase

Personal contract hire

Personal contract hire

Personal contract hire

Typical length of agreement:

Typical length of agreement:

Typical length of agreement:

Usually 1-7 years

Usually 1-7 years

Usually 1-7 years

Usually 1-5 years

Usually 1-5 years

Usually 1-5 years

Usually 1-5 years

Usually 1-5 years

Usually 1-5 years

Usually 1-4 years

Usually 1-4 years

Usually 1-4 years

Initial deposit required?

Initial deposit required?

Initial deposit required?

No

No

No

Usually but not always

Usually but not always

Usually but not always

Usually but not always

Usually but not always

Usually but not always

Usually but not always

Usually but not always

Who owns the car?

Who owns the car?

Who owns the car?

You, although you will still need to repay the debt

You, although you will still need to repay the debt

You, although you will still need to repay the debt

The lender or finance company unless an optional final balloon payment is made

The lender or finance company unless an optional final balloon payment is made

The lender or finance company unless an optional final balloon payment is made

The lender or finance company until final repayment plus option-to-purchase fee is made

The lender or finance company until final repayment plus option-to-purchase fee is made

The lender or finance company until final repayment plus option-to-purchase fee is made

The lender or finance company, always

The lender or finance company, always

The lender or finance company, always

Mileage restrictions

Mileage restrictions

Mileage restrictions

No

No

No

Yes

Yes

Yes

Sometimes

Sometimes

Sometimes

Yes

Yes

Yes

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Classic car finance thats actually simple

Classic car finance thats actually simple

Classic car finance thats actually simple

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working day

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APRs between 9.6% and 27.5%, with repayments between 12 and 60 months.

Representative xx.x% APR

Representative example: borrowing £10,000 over 5 years with a representative APR of 14.9%, an interest rate of 14.71% (fixed), the monthly payment would be £232.53. The first payment would be £282.53 to include an opening fee of £50. The opening fee is included in the total cost of credit of £3,900.00 and a total amount payable of £13,900.00

Our ‘representative APR' means at least 51% of our customers are offered this rate. It’s a good way to compare lenders. Remember your rate will depend on lots of things like your credit score, so it might be higher or lower than this.

APRs between 9.6% and 27.5%, with repayments between 12 and 60 months.

Representative xx.x% APR

Representative example: borrowing £10,000 over 5 years with a representative APR of 14.9%, an interest rate of 14.71% (fixed), the monthly payment would be £232.53. The first payment would be £282.53 to include an opening fee of £50. The opening fee is included in the total cost of credit of £3,900.00 and a total amount payable of £13,900.00

Our ‘representative APR' means at least 51% of our customers are offered this rate. It’s a good way to compare lenders. Remember your rate will depend on lots of things like your credit score, so it might be higher or lower than this.

APRs between 9.6% and 27.5%, with repayments between 12 and 60 months.

Representative xx.x% APR

Representative example: borrowing £10,000 over 5 years with a representative APR of 14.9%, an interest rate of 14.71% (fixed), the monthly payment would be £232.53. The first payment would be £282.53 to include an opening fee of £50. The opening fee is included in the total cost of credit of £3,900.00 and a total amount payable of £13,900.00

Our ‘representative APR' means at least 51% of our customers are offered this rate. It’s a good way to compare lenders. Remember your rate will depend on lots of things like your credit score, so it might be higher or lower than this.

FAQs

FAQs

What credit score do you need to finance a classic car?

There’s no such thing as a minimum credit score that will guarantee you credit. But it’s certainly true that the better your credit score, the better your chances of being approved for a loan.

What credit score do you need to finance a classic car?

There’s no such thing as a minimum credit score that will guarantee you credit. But it’s certainly true that the better your credit score, the better your chances of being approved for a loan.

What credit score do you need to finance a classic car?

There’s no such thing as a minimum credit score that will guarantee you credit. But it’s certainly true that the better your credit score, the better your chances of being approved for a loan.

Do I need a deposit for classic car finance?

No deposit needed! With an unsecured personal loan, you can finance your classic car without putting down a deposit.

Do I need a deposit for classic car finance?

No deposit needed! With an unsecured personal loan, you can finance your classic car without putting down a deposit.

Do I need a deposit for classic car finance?

No deposit needed! With an unsecured personal loan, you can finance your classic car without putting down a deposit.

Is classic car finance different from car finance?

Classic car finance is quite similar to car finance - we understand the specific needs and tailor our services to make the process as smooth as possible.

Is classic car finance different from car finance?

Classic car finance is quite similar to car finance - we understand the specific needs and tailor our services to make the process as smooth as possible.

Is classic car finance different from car finance?

Classic car finance is quite similar to car finance - we understand the specific needs and tailor our services to make the process as smooth as possible.

Read next

Read next

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Is it hard to get car finance? breaking down the process

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Ever wondered about car finance but worry that it is hard to get? We’ve got you covered. Gain practical insights and useful tips to help you on your way to car finance success.


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What checks are done for car finance approval?

What checks are done for car finance approval?

When you apply for car finance, the finance company will run some checks on you. Here’s everything you need to know about what you can expect.


When you apply for car finance, the finance company will run some checks on you. Here’s everything you need to know about what you can expect.


Cartoon of blue car with street lights behind and a green tick above.

Do I own my car if it’s on finance?

Do I own my car if it’s on finance?

Buying a car is undoubtedly exciting, but the finance side of things can be a little confusing at times. One of the more common questions we often hear is: ‘Do I own my car if it’s on finance?’, so let’s clear things up.

Buying a car is undoubtedly exciting, but the finance side of things can be a little confusing at times. One of the more common questions we often hear is: ‘Do I own my car if it’s on finance?’, so let’s clear things up.

NEWS Aug 2024: FCA announcement on discretionary commission arrangements (DCAs)

Oodle customers are not impacted