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Car Finance Advice

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  • 03-11-2009 7:01pm
    #1
    mikeym
    Registered Users Posts: 3,985 ✭✭✭


    Was thinking of buying a second hand car through car finance and have a few questions.

    1. Is there a deposit I have to give to the dealer?

    2. Can I pay for half of the car and get the rest on finance? (car is €10,000)

    3. Or would I be better off gething a car loan from the bank?


Comments

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    #2
    mickdw
    Registered Users Posts: 23,293 ✭✭✭✭mickdw


    In your case, you should probably get a personal loan from the bank. It would only be for 5k and the banks were traditionally cheaper.
    You then go to dealer with all the funds ready to go and fight him for a deal


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    #3
    Berty
    Registered Users Posts: 26,149 ✭✭✭✭Berty


    What ^^^ said.


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    #4
    ShadowHearth
    Registered Users Posts: 22,929 ✭✭✭✭ShadowHearth


    what mickdw said.


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    #5
    Bazzy
    Registered Users Posts: 1,484 ✭✭✭Bazzy


    defo what he said


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    #6
    colm_mcm
    Registered Users Posts: 73,405 ✭✭✭✭colm_mcm


    BOI personal loan rates are around 12% APR aren't they?


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    #7
    Toyota_Avensis
    Registered Users Posts: 215 ✭✭Toyota_Avensis


    Prepare to be raped if you agree finance with a dealer. The dogs on the street knows they are the last resort for financing a car. (Although the most obvious!)

    Get down to the Credit Union or Personal Bank Loan..
    And bargain hard with the dealer, straight sale price, you're gaurenteed to get it cheaper.

    What car / year you looking at anyway? Just so we know you are not getting ripped off at €10k


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    #8
    mikeym
    Registered Users Posts: 3,985 ✭✭✭mikeym


    Im interested in a 2005 ford focus 1.4. Priced at 9,500.


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    #9
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    Never ever get dealer finance.


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    #10
    Anan1
    Registered Users Posts: 22,818 ✭✭✭✭Anan1


    If it were me i'd buy a car for €5000 and forget about finance altogether - €5k goes a long way these days. Just a thought.


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    #11
    Drummerboy08
    Closed Accounts Posts: 12,102 ✭✭✭✭Drummerboy08


    €9500 for a nearly 5 year old 1.4 Focus is a bit steep. Any link to the car?

    http://www.driving.ie/usedcars/index.cfm?fuseaction=car&carID=200943195621653

    There's a 1.4 Focus for €6850. Looks like an LX with Zetec wheels. Just saved you €2650 mate....


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    #12
    mikeym
    Registered Users Posts: 3,985 ✭✭✭mikeym


    Thats some difference.

    http://www.carzone.ie/search/Ford/Focus/1.4/200942195540182/advert?channel=CARS


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