Questions about …

Making an application

Choosing a car or dealer

Repayments

Finance Option Explained

Making an application

Once you are over 18 years of age you can apply. The application can be done direct or through a dealer. You need to be a resident of the ROI and have a regular income.

This is dependent on the cost of the car and your ability to repay the monthly amount over the chosen term. A five year term (60 months) will give you the lowest fixed monthly repayments.

A deposit or trade-in or both are a help but NOT always a necessity. What matters most is your past credit history (if any) and current ability to repay

Approval may take as little as 3 hours, depending on all documentation being in order.

Choosing

Yes. Simply apply online and put in dealer and car details.

The age of the car determines how long you can finance it over.

Car Finance Terms as follows:

2014 – 2 years
2015 – 3 years
2016 – 4 years
2017+ – 5 years

Yes. For example a father may go jointly with his son or daughter to help strengthen the application. 

A husband/wife/partner may also go jointly and may improve affordability.

Our team will be happy to assist you, please just drop us an email or give us a call, or please join us on live chat so we can rectify any issues you may be experiencing. You will find all of our contact information here.
No problem. Our team will be happy to assist you. Just drop us an email or give us a call, or please join us on live chat so we can make any changes you need. You will find all of our contact information here.
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Repayments

Normally a fee will be applied each time a monthly repayment has been missed, the specifics of this will be outlined in your quotation/agreement.
Your credit rating may be affected which could adversely affect your credit record for the future.

APR stands for Annual Percentage Rate. The APR applicable determines the cost of credit when calculated for the advance and term of the loan. This cost will be clearly shown and explained in advance of any agreement being signed.

The cost of credit is the additional amount repaid over and above the amount initially borrowed. It includes the HP interest and any fees attaching and is paid as part of your monthly installment.

In your agreement the total HP interest will be shown separately along with any fees attaching.

Yes you can repay early and you never have to pay more than the balance outstanding (it could even be less!). This can facilitate early loan repayment or if you wish to upgrade your vehicle again with a new car loan.

Finance Option Explained

We cannot provide car loans/finance for private car purchase. However, you can buy from any car dealer of your choice. Your car is effectively the security for the ‘car loan’, where low cost equal monthly payments can be agreed with repayments schedules from 1 year to 5 years as suitable. A small termination payment is payable to transfer legal ownership at the end of the term. 

For further information on H.P. please visit our Terms & Conditions page.

Yes. You may clear your balance due at any time. At usedcarfinance.ie we can facilitate paying any balance due on your trade-in if you are upgrading your car.

No. You will never have to pay more than the balance outstanding – in fact, it could be less but it depends on how long is left to run on the agreement.

Early repayment terms and conditions will be outlined in your agreement.

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