Financing your next car
Financing your next car

Financing your next car

Buy your next car for a low monthly payment 

The advantage of finance is it allows the purchase of newer, more reliable cars which often have lower road tax and lower insurance costs too. I have sold cars where people saved money by buying a newer car. Finance is readily available and may be applied for by filling in a form on this site. The form may be found under “Apply for finance” above. It’s a simple as that and we will look after the rest.

I has sold cars where people saved money by buying a newer car.

Once the form is completed it is sent to an appropiate finance company. It is often advertised finance is available within one hour, and this is true if a customer has dealt with the particular finance company before, but in reality half a day would be more the norm. 

 

Finance is available over 3, 4 or 5 years. It may be paid off early if required. Usually there is a small interest penalty which is 3 months interest, not 3 payments, just the interest.

 

The usual deposit would be 10% to 15%. While a loan with no deposit is possible it usually results in a higher APR and therefore repayment as there is less security for the lender.

 

Also those who have had bad credit in the past but now have an agreement in place with their bank should be able to get a car loan. This loan would also greatly help repair their credit history as the banks would see the current loan performing well.

 

After an application is passed all credit institutions will require

  • Proof of identity such as a passport or driver’s licence which is in date.
  • Proof of address such as a utility bill or bank letter which is dated within the past 3 months and shows your name and address. This may be printed from the Internet.
  • Proof of PPS number which is simply any letter from the revenue commissioners showing your name and PPS number.
  • In some cases, recent payslips or recent bank statements.

 

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Eugene Hogan
Blog Editor

In the motor trade for over 30 years, and engineering qualifications to degree level.

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