Car finance settlement calculator

Our free car finance settlement calculator can help you estimate your final outstanding payment to clear your outstanding finance.

This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.

Your results

Total payments so far

Outstanding amount (settlement)

Annual percentage rate (APR)

How to calculate car finance settlement

This amount includes the remaining balance, interest, and any early settlement fees.

Here’s a general formula to calculate the settlement amount manually:

Outstanding balance: Start with the total amount still owed on the loan.
Early repayment interest: This can vary based on the lender but is often a portion of the remaining interest on the loan.
Early settlement fee: Some lenders may charge a fee for early repayment.

The calculation would look like the below:

Settlement Amount = Outstanding Balance + Interest Adjustment + Early Settlement Fee