This chart is a guide to show you the repayments attaching to various loan amounts over three, four and five years. It should help you decide how much you can borrow, the year of the car you can buy and how long you can finance the car over. Our car finance approvals are more about your ability to repay rather than how much of a deposit or trade-in you have. For example, you may be looking at a 2015 car and want to borrow €12,000. Your three-year repayment here would be €383 a month as we cannot do it over four or five years. However, for €370 a month over five years you can now look at say a 2017 car or newer with a finance amount of €18,000.
Cost of Credit
The above repayments are illustrative only and outlined as such to help you make a choice. When agreed in your finance plan your repayment will be fixed at a low- cost monthly repayment. All costs associated with your agreement will be outlined in advance and also clearly displayed on the HP Agreement.
An initial documentation fee, currently a max of €75 is payable and a final termination payment ranging from €12 to €50 on conclusion.
If your car dealer does not give you a usedcarfinance.ie quote, then please apply direct. Our low-cost credit could save you hundreds of euro. For example, a saving of €20 a month over 5 years is a €1,200 saving.
Your credit record will be adversely affected if you do not keep up your regular payments due on any car finance plan.