Saturday 26 May 2018

How to switch... Car Finance

Step 1

Check out local garages for deals. Most are sourced centrally, so check by marque which suits you best. Take a test drive, ask lots of questions and make sure the car is right for you.

Step 2

If trading in, get a few quotes for your old car. Make sure you can afford the repayments easily. If not, buy second-hand.

Step 3

Switching is done by filling out an application form in the garage. A credit check and bank and personal identification is required. Approval is simpler and quicker than in a bank.


Borrowing €15,190 for three years at 11.5pc with PTSB = €17,876.88.

Borrowing €15,190 with Renault Finance for three years at 6.9pc = €16,726*

Saving: €1,150.88

*assumes deposit and final payment in lump sum.


Irish Independent

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