Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Car Loan

  • 07-03-2006 8:52am
    #1
    hawker
    Closed Accounts Posts: 500 ✭✭✭


    I'm considering getting a car loan to buy a new car. It seems that Permanent TSB are offering the best deal at the moment.

    If I happen to pay some extra spare cash I have off this loan every now and then will it mean much difference with interest. Or am I just stuck to paying back what the 'contract' (loan + interest) states?


Comments

  • #2
    croiadh
    Closed Accounts Posts: 17 ✭croiadh


    Ptsb have one of the better rates - but most banks are around the same but PSSB are offering still I think free RAC and a statoil fuel voucher.

    It might be best tp ask the bank or any lender if you can repay the laon early without penalitys. You should be able to do and the rate on most loans is a vairable one

    have a look at http://www.financeirl.ie/carloans.cfm

    I have not used them myself -


  • #3
    kluivert
    Registered Users, Registered Users 2 Posts: 2,399 ✭✭✭kluivert


    There are no penalties for paying loans off early, apart from fixed rate mortgages.

    Interest is based on a APR which is calculated daily on the balance of the loan.

    Therefore if you pay off the loan early you pay less interest and no penalties.


Advertisement