Beyond the Price Tag: The True Cost of Owning a Car in Ireland
When choosing a car it’s not just about the price tag writes Geraldine Herbert Before you decide on a car its important to factor in all the other costs Car Finance When it comes to buying, always look closely at the total cost rather than a monthly repayment. Monthly or weekly repayments can often conceal an expensive deal. You’ll also need to factor in additional costs like warranties and breakdown cover – so don’t overstretch...
Car Finance Terms Explained
Thinking of buying a car but don’t speak the language of loans? Check out our handy car finance glossary writes Geraldine Herbert APR – Short for Annual Percentage Rate. This is the amount of interest charged on the loan, including any fees. All lenders must calculate the APR in the same way so it is not only the best way to compare loan providers but it shows how much you’re actually going to pay over the period of the...
5 Questions to ask before buying a car on a Personal Contract Plans (PCP)
Personal Contract Plans (PCPs) work very well for some buyers but you need to be fully aware of the T & Cs writes Geraldine Herbert The idea of a PCP is simple: buyers put down a deposit or trade-in their old car, followed by monthly payments made over three years and are given a ‘guaranteed minimum future value’ (GMFV) by the dealer at the outset, which is the amount required to purchase the car outright at the end of...
Car-buying tips to put you in the driving seat
There are a few things you need to consider when shopping for a new car, writes Geraldine Herbert 1 THERE HAS NEVER BEEN A BETTER TIME TO GO ELECTRIC One in three car buyers walking into dealerships are no longer opting for a petrol or diesel car. Electric cars, plug-in hybrids and regular hybrids now make up more than 30pc of new car sales. Car makers are responding to demand with a host of options, but how they differ and which is...
8 Factors that will shape the Motoring Landscape in 2019
Political factors will shape the motoring landscape in Ireland in 2019, writes Geraldine Herbert Brexit With less than 74 days to go before the UK deadline, a no-deal Brexit is more likely than ever. If the UK leaves without a deal, UK car exports to the EU would become subject to a 10pc tariff under World Trade Organisation rules. A subsequent devaluation of the pound could see European car prices rise as much as 21% in the UK and UK...
