Car Loan Calculator Ireland
Calculate your monthly payment and plan your next vehicle purchase
Last updated: 21 July 2026 · Sources: AIB, Bank of Ireland, PTSB, CCPC. APR ranges reflect current Irish lender rates for personal loans and PCP finance.
Loan Parameters
Amortization (First 6 Months)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | €292.39 | €213.39 | €79.00 | €11,786.61 |
| 2 | €292.39 | €214.79 | €77.60 | €11,571.82 |
| 3 | €292.39 | €216.21 | €76.18 | €11,355.61 |
| 4 | €292.39 | €217.63 | €74.76 | €11,137.97 |
| 5 | €292.39 | €219.07 | €73.32 | €10,918.91 |
| 6 | €292.39 | €220.51 | €71.88 | €10,698.40 |
Your Monthly Payment
€292.39
for 48 months
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.
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.