Best new car finance deal around?
What's the best new car finance deal around at the moment?
Dermot Kelly ([email protected])Jun 2013 Filed under: finance
Expert answer
Hi Dermot,
That’s kind of an open-ended question because it depends hugely on whether you want to get into a PCP deal (which effectively makes you come back in three years’ time to trade in for a new car), an old fashioned hire-purchase agreement (which doesn’t, but is more expensive per month than the PCP), or whether you want to go with a bank or credit union loan. It also depends on your own circumstances and, substantially, on the car you’re looking at buying.
As an example, Volkswagen is currently offering 3.9 per cent APR interest on a PCP deal on a new Polo hatchback, but just 0.9 per cent on the larger Tiguan, Golf and Passat. Or even 0 per cent on the Jetta. Alternatively, you can get a very sharp 0 per cent Hire Purchase deal on a new Kia cee’d, which is an excellent car for not a lot of money.
To be honest, almost every car maker is currently offering some pretty decent deals, so it comes down to what you want and what you can afford. Come back to us with more detail and we'd be happy to help.
Read our guide to Different Car Finance Options in Ireland
Neil Briscoe - Complete Car Advisor@neilmbriscoe