Car Loan Calculator Ireland
Work out the monthly repayment on a personal loan or hire purchase (HP) — equal instalments, with nothing left to pay at the end of the term.
Buying on PCP? This calculator won't give you the right figure.
A PCP defers a large optional balloon payment (the GMFV) to the end of the term, so the monthly payment is lower than the figures here and you face a three-way choice at the end. That needs a different calculation.
Use the PCP Calculator IrelandPage last updated: 4 September 2026 · APR guidance sourced from published AIB, Bank of Ireland, PTSB and CCPC rates, last checked 21 July 2026.
Loan Parameters
Amortization (First 6 Months)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | €290.86 | €214.58 | €76.28 | €11,785.42 |
| 2 | €290.86 | €215.95 | €74.91 | €11,569.47 |
| 3 | €290.86 | €217.32 | €73.54 | €11,352.15 |
| 4 | €290.86 | €218.70 | €72.16 | €11,133.45 |
| 5 | €290.86 | €220.09 | €70.77 | €10,913.35 |
| 6 | €290.86 | €221.49 | €69.37 | €10,691.86 |
Loan Summary
Tips to Save
- • A larger down payment reduces total interest
- • Shorter terms mean less interest paid
- • Compare offers from multiple banks before deciding
How does car financing work in Ireland?
Car financing in Ireland is typically offered through banks, manufacturer financing (like Volkswagen Financial Services, Toyota Financial, etc.) or independent lenders. Interest rates vary based on your credit history, the amount financed, and the term chosen.
This calculator helps you estimate your monthly payment to better plan your purchase. Results are illustrative only — not a credit offer or financial advice — and may vary depending on the specific conditions of each lender.
What this calculator does and does not cover
It calculates an amortising loan: you borrow the vehicle price minus your deposit, and repay it in equal monthly instalments over the term you choose. That is how a bank or credit union personal loan works, and how hire purchase (HP) works — at the end of the term the balance is zero and, with HP, the car is yours.
It does not calculate a PCP. A PCP defers a large optional final payment — the balloon, or Guaranteed Minimum Future Value (GMFV) — to the end of the agreement. Because a slice of the car's value is parked at the end rather than repaid monthly, a PCP monthly payment is lower than the figure this page produces for the same car, term and APR, and the end of the term brings a three-way choice: pay the balloon and keep the car, hand it back, or trade in against a new deal. Use the PCP Calculator Ireland for that. It should not be used for a personal contract hire or leasing agreement either, where you never own the vehicle.
Two things this page deliberately leaves out, because they vary by lender and we cannot quote a single honest figure for them: arrangement or documentation fees, which a lender may add on top of the interest shown here, and any early-settlement position. Ask any lender for the total amount payable in writing before signing, and compare that figure between offers rather than the monthly payment.
Not sure which finance product fits your situation? Our PCP vs HP vs personal loan guide explains the real cost, ownership, and exit options of each.
Car finance FAQs
What is PCP car finance in Ireland?
PCP (Personal Contract Plan) is a finance structure where you pay a deposit, then fixed monthly instalments over 2-4 years, with a large optional "balloon" final payment at the end. At the end of the term you can: pay the balloon and own the car, hand it back, or trade in against a new PCP deal. PCP gives lower monthly payments than HP but you don't own the car unless you pay the balloon.
What is HP car finance in Ireland?
HP (Hire Purchase) is straightforward car finance — you pay a deposit plus equal monthly payments over 3-5 years, and you own the car outright at the end. Monthly payments are higher than PCP for the same car but there is no balloon payment.
What APR should I expect on Irish car finance?
Irish car finance APRs in 2026 typically range from 5.9% to 10.9% depending on credit profile, vehicle age, and finance type. Dealer-arranged PCP on new cars can be below 5% with manufacturer subsidies. Always compare the total cost of credit, not just the monthly payment.
Can I get car finance on a used car in Ireland?
Yes. Most Irish finance providers (dealer finance houses, Bank of Ireland, AIB, credit unions) will finance used cars up to 8-10 years old at end of term. Older vehicles typically require larger deposits and shorter terms.
Is the Autoza finance calculator regulated advice?
No — the calculator provides informational estimates only, not regulated financial advice. Real quotes depend on your credit profile and are only binding when provided by a CCPC-licensed credit intermediary.
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