Car Finance Options in Ireland
Cars with Finance AvailableCar finance on DoneDeal
DoneDeal simplifies the car buying journey by partnering with reputable lenders to offer pre-approval for financing. This empowers you, the car buyer, to navigate the buying process with confidence.
How does car finance on DoneDeal work?
Step 1: Find the right car for you
- Browse cars from trusted dealerhips on DoneDeal to identify the perfect vehicle that matches your needs and budget. Sort by price per month using the search filters.
Step 2: Apply for finance
- Click on Apply for Finance on the car listing. Provide the necessary details like trade in details and loan duration. This information helps lenders tailor a pre-approval estimate.
Step 3: Get pre-approval
- Based on the details you submit, a reputable lender from DoneDeal's network will assess your eligibility. The lender will then communicate directly with you regarding the pre-approval decision. Simultaneously, the dealership will be notified of your pre-approval status.
Step 4: Buy with confidence!
- Armed with pre-approved financing details, your visit to the dealership becomes a more streamlined experience. This expert-backed solution empowers informed decision-making, fosters streamlined dealership interactions, and ultimately helps you navigate the process with confidence.
What is car finance?
Car finance is a way to borrow money to buy a car. It allows you to spread the cost of the car over a period of time, typically 2-5 years, instead of paying for it all upfront. There are a number of options available including HP, PCP and personal loans.
What is PCP finance?
Personal Contract Purchase (PCP): You make a deposit and then monthly repayments. However, at the end of the agreement, you have three options: return the car, pay a final balloon payment to own the car, or use the guaranteed minimum future value (GMFV) of the car as a deposit on a new car with a new finance agreement.
What is HP finance?
Hire Purchase (HP): You make a deposit on the car and then pay monthly installments over a set period. Once you have made all the repayments, you will own the car. However, there may be an option to purchase fee at the end.
What is a personal loan?
Personal Loan: You borrow money from a bank or building society and then use that money to buy a car. You own the car outright from the beginning, but you will still need to make monthly repayments on the loan.