Motor Finance

If you are looking to finance your car purchase our Motor Finance product may be the most suitable option for you. Motor Finance has a fixed APR (Annual Percentage Rate) of 5.85%1 for new or used Battery Electric Vehicles (BEV’s)or 6.3%2 for all other new or used cars. You can finance amounts from €7,000 on our consumer hire purchase product which is easy to arrange.

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Rates

Consumer Hire Purchase Annual Percentage Rate (APR) is fixed for the duration of the agreement available at 5.85% APR for battery electric powered cars and 6.3% APR for all other cars.

Loan Value Rate Repayment Term Per Month Payment Total Cost of Credit
€30,000 5.85% APR 5 years (60 months) €573.66 €4,546.58
€25,000 5.85% APR 5 years (60 months) €477.70 €3,788.98
€20,000 5.85% APR 5 years (60 months) €381.73 €3,030.78
€15,000 5.85% APR 5 years (60 months) €285.77 €2,273.18
€10,000 5.85% APR 5 years (60 months) €189.80 €1,514.98
€7,000 5.85% APR 5 years (60 months) €132.22 €1,060.18
€30,000 6.3% APR 5 years (60 months) €579.60 €4,902.98
€25,000 6.3% APR 5 years (60 months) €482.64 €4,085.38
€20,000 6.3% APR 5 years (60 months) €385.69 €3,268.38
€15,000 6.3% APR 5 years (60 months) €288.73 €2,450.78
€10,000 6.3% APR 5 years (60 months) €191.78 €1,633.78
€7,000 6.3% APR 5 years (60 months) €133.61 €1,143.58
Lending criteria, terms and conditions apply (over 18s only). APR is inclusive of a documentation fee and purchase fee of €63.49 each. To qualify for this Finance Offer a minimum Finance Advance of €7,000 is required and there is no minimum deposit required. Rate quoted is correct from today’s date and is subject to change. This is a Consumer Hire Purchase agreement provided by Bank of Ireland Finance. Ownership remains with Bank of Ireland until the final payment is made. Bank of Ireland trading as Bank of Ireland Finance is regulated by the Central Bank of Ireland. Figures are indicative and the quotation is for illustrative purposes only and does not constitute an offer.
WARNING: You may have to pay charges if you pay off a hire purchase agreement early.
WARNING: If you do not meet the repayments on your hire purchase agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire purchase agreement, a consumer hire agreement or a BNPL agreement in the future.

Max term of 9 years depending on the age of car i.e. car cannot be more than 9 years old at the end of finance agreement.

1

Representative Finance Example: Finance Amount: €20,000 at a rate of 5.85% APR over a 5 year term will require 60 monthly repayments of €381.73. Total Cost of Credit is €3,030.78. 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. This is a Consumer Hire Purchase Agreement provided by Bank of Ireland Finance. Ownership remains with Bank of Ireland Finance until the final payment is made. Bank of Ireland trading as Bank of Ireland Finance is regulated by the Central Bank of Ireland.
2

Representative Finance Example: Finance Amount: €20,000 at a rate of 6.3% APR over a 5 year term will require 60 monthly repayments of €385.69. Total Cost of Credit is €3,268.38. 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. This is a Consumer Hire Purchase Agreement provided by Bank of Ireland Finance. Ownership remains with Bank of Ireland Finance until the final payment is made. Bank of Ireland trading as Bank of Ireland Finance is regulated by the Central Bank of Ireland.

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