PCP Car Finance: A Smart Deal or a Costly Commitment?
An increasingly popular way to finance a new car is under a Personal Contract Plans (PCP). But what exactly is a PCP and who is it best suited to asks Geraldine Herbert What is a PCP? PCP (Personal Contract Plan) is a type of car finance that offers lower monthly repayments compared to traditional HP or bank loans. This is because, instead of paying off the full cost of the car, you are only covering its depreciation over the contract...
Seven Reasons to go Electric
If you’re in the market for a car, there has never been a better time to go electric writes Geraldine Herbert 1) Reduced Tolls – From Sunday 1st July 2018, electric car owners can avail of 50% off tolls nationwide. 2) Cheaper to Run – According to the CSO the average driver does 318 kms per week. Driving that distance a week in an electric car (eg. Nissan Leaf) will cost you just €4.04 a week to charge as opposed to...
How Much Does it Actually Cost to Run a Car?
You may be aware of the cost of petrol, tax and insurance, but do you know how much your car is really costing you to run? Suzanne Keane offers some tips on how to work out the real cost of your car Very little can beat the feeling of the first day out on the road in your very own car but apart from the initial expense have you ever actually worked out what it’s costing you on a weekly/monthly basis? Motoring is an expensive...
Save Money on Car Insurance
Motor insurance is set to rise following a recent ruling by the High Court that the Motor Insurance Bureau of Ireland (MIBI) has to cover nearly 1,800 outstanding claims with an estimated liability of up to €90 million due to the liquidation of insurance company Setanta We have some ways to reduce the cost of insurance writes Geraldine Herbert 1) When it comes to getting the best deal don’t focus solely on price, the cheapest...
Ten things you may not know about electric cars
As the EU continues to crackdown on carbon dioxide emissions more and more car manufactures are likely to offer electric cars in the future, here are ten things you may not know about electric cars writes Geraldine Herbert 1) Electric cars have been around for over 170 years. 2) Over 120 electric cars have been sold this year alone compared with just 19 for the same period last year. 3) Currently there are 13 electric vehicle models...
