Consumer Hire Purchase

For finance amounts over €7,000, our excellent Consumer Hire Purchase package** offers a great rate of 7.3% APR fixed. Hire Purchase is a traditional form of car finance that is very convenient to arrange.

Rates

Loan Value Rate Repayment Term Per Month Payment Total Cost of Credit
€30,000 7.3% APR 5 years €593.00 €5,706.98
€25,000 7.3% APR 5 years €493.80 €4,754.98
€20,000 7.3% APR 5 years €394.60 €3,802.98
€15,000 7.3% APR 5 years €295.40 €2,850.98
€10,000 7.3% APR 5 years €196.25 €1,901.98
€7,000 7.3% APR 5 years €136.72 €1,330.18
Rates quoted are correct as at the 16th November 2015 and are subject to change. A documentation fee of €63.49 and a purchase fee of €63.49 applies.

Lending criteria and terms and conditions apply. Applicants must be aged 18 years or over. The information is for illustrative purposes only and does not constitute an offer

Available to customers borrowing €7,000 or more for their car and are purchasing it from a recognised car dealer in the Republic of Ireland. For all other customers borrowing more than €7,000 but not purchasing their car through a recognised car dealer in the Republic of Ireland, alternative finance can be arranged by calling 1890 365 100.

In order to determine the maximum term available for the finance, the Bank apply the following formula:

Max Term = Limit of 8 yrs – age of car e.g

8 Year Rule for 2015:
2012 – 5 years max
2011 – 4 years max
2010 – 3 years max
2009 – 2 years max

Lending criteria, terms and conditions apply.

This is a Consumer Hire Purchase Agreement** provided by Bank of Ireland trading as Bank of Ireland Finance.

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