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.

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Total payments so far

£0

Outstanding amount (settlement)

£0

Annual percentage rate (APR)

0%

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

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Swoop Finance Limited helps UK firms access business finance by working directly with businesses and their trusted advisors. We act as a credit broker, not a lender, and do not provide loans or finance products ourselves. We introduce applicants to a panel of lenders, equity funds, and grant agencies based on individual circumstances and creditworthiness.
Commission Disclosure: We typically receive a commission from the finance provider (either a fixed fee or a fixed percentage of the amount you receive) upon successful placement. Different providers pay different rates. For certain lenders, we may have influence over the interest rate, which can impact the total amount payable under your agreement.
Regulatory Information:

FCA: Authorised and regulated by the Financial Conduct Authority as a credit broker (FRN: 936513) and registered as an Account Information Services Provider (Ref: 833145).
ICO: Registered with the Information Commissioner’s Office (Ref: ZA600162); registration can be verified at ico.org.uk.
Company Details: Registered in England & Wales with Companies House (No. 11163382). Registered Address: The Stable Yard, Vicarage Road, Stony Stratford, Milton Keynes, MK11 1BN. VAT Number: 300080279.

Terms: All finance and quotes are subject to status, income, and terms and conditions. Applicants must be aged 18 or over. Guarantees and indemnities may be required. Please refer to our terms and conditions and our complaints procedure for further details.

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