Finance Options

An essential part of buying your new car is a competitive finance package tailored to your personal needs. Our finance specialists whose job is to not only advise you on the best way to pay for your vehicle but to also ensure that your repayments on a vehicle doesn't overstretch your budget. If you need to borrow money to pay for your next car, you'll find this section informative.

www.ukcars.ie is an authorised Credit Intermediary under the Consumer Credit Act, 1995. Authorisation No: A003683. www.odca.ie

www.ukcars.ie is regulated by The Financial Regulator and is registered to undertake insurance mediation under the Europena Communities (Insurance Mediation) Regulations, 2005. www.financialregulator.ie

Car Loan
Similar to a bank loan (and sometimes called Hire Purchase), this is where you choose the deposit amount (perhaps including the value of your trade in), deduct it from the cash price of the vehicle and then make monthly repayments over a 1, 2, 3, 4 or 5-year agreement (whichever you prefer). This is the simplest and most popular method of buying a car with finance. After you've made your final payment at the end of your agreement, the car is yours.

ON-LINE FINANCE FORMS

Key Features Fixed repayments - At the beginning of the agreement, both the amount you will pay every month and the repayment period is fixed and will not change. Fixed interest rate - Even if other interest rates go up, the interest rate on your finance repayments will not be affected. Flexible payment terms - Choose the length of the repayment period to suit your budget. You can choose between 12 and 60 months, it's entirely up to you. Low or no deposit - You can choose to either trade in your current vehicle and use that amount as you deposit, perhaps use some of your savings as a deposit or put down no deposit and finance the whole amount Typical Finance Example on a €20,000 car: Cash Price Deposit Ammount of credit 60 monthly payments Total Ammount payable* €20,000 €500 €19,500 €394.10 €23,746         Typical 8% APR

Leasing
This method of vehicle finance gives you the right to use a specific asset over a fixed term. This finance facility gives you immediate use of the asset and is usually tax efficient. We offer two types of facility, Finance Lease and Operating Lease, the benefits of which include:

Finance Lease

• Low initial outlay
• Option to purchase
• Tax relief on rentals
• Customer can preserve other lines of credit
• Variable terms to suit your requirements

• Lower rentals than finance lease
• Off balance sheet funding/P&L expense
• Tax relief on rentals
• No asset disposal problems

Here are our Motor Finance Partners:

Finance subject to status, terms and conditions apply. Written quotations available on request. The APR is dependant upon your individual circumstances, the term and loan amount. WARNING: You may have to pay charges if you pay off a fixed rate loan early. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may also be required. A facility/documentation fee is standard on all Car Loans. This fee will be charged with the first repayment.