Whats a decent APR these days?

justindublin

So going for finance on a new car and just wondering, giving the recent state of the finance world, what would be considered a decent APR on a car lone these days?

Think about over a 4 year period?

jkb_dub

Depends on whether you are looking for fixed or variable..

The best I could find at the time I was looking was with tesco personal loans @ 6.9% fixed, I just checked now and it's still available...

PaddyFagan

Try the financial regulators site: http://www.itsyourmoney.ie/costcomparisons.jsp

It offers comparisions of all the banks.....

Paddy

justindublin

Hum they don't list car loans tho, only Personal Loans. Sometimes it can be a pretty big different between both.

-Chris-

Just looked at aib.ie, boi.ie and ptsb.ie.

They all have rates listed for motor loans, based on how long you're borrowing for and how much you're borrowing.

copacetic

justindublin wrote: »

So going for finance on a new car and just wondering, giving the recent state of the finance world, what would be considered a decent APR on a car lone these days?

Think about over a 4 year period?

should be able to get 7 or 7.5, assuming you can qualify for a loan with the stricter current criteria.

Cormic

The 6.9% at Tesco is the best around. Just don't expect the cash in a hurry.

It is underwritten by Ulster Bank in the north and all documentation has to go up there. They are really busy because the rate is so low so it was over a week before they got to look at my application.

galwaytt

6.5% from your local credit union, on a reducing balance - hard to beat.