Irish finance/PCP deals.Does such a website exist?

NIMAN

Wondering if there is any independent Irish site which lists/compares all the current offers/deals from all the different car manufacturers?

mickdw

I don't think so.
It's something that is needed.
We also need to get some big player into the market like they have in uk where cars across all brands can be sourced at discount. The dealers have it all too easy here imo.

ShadowHearth

Best way right now is just go to individual website and see what they offer. Right now seat is kind of really on the ball. They got very nice range of cars starting from economy boxes and ending up with sort of affordable performance cars. They do 4k scrapage AND 0% pcp. Where let's say skoda is doing one or another.

appfry

OP that is a great idea. Wish there was one.
If I got 0% finance I would be buying a new car every couple of years.
I find PCP far too confusing, so I just stay away from it.

colm_mcm

Most of the finance deals are PCP now though

ShadowHearth

appfry wrote: »

OP that is a great idea. Wish there was one.
If I got 0% finance I would be buying a new car every couple of years.
I find PCP far too confusing, so I just stay away from it.

It's not that confusing. Its pretty simple, just need to read about it. Just put in a bit of effort. Problem is a lot people who already took it have no clue how it works and will get bitten in the arse when 3 year thing comes.
In simplified form, you can pretty much have almost 0% finance on new car now. This pcp is not ideal, but it really drove dealers in to 0% Apr now.
If you smart about it, you might end up paying very very little in Apr if you want buy car, not the whole 3 year recycle.

I looked in to buying new car, but 10% Apr from bank becomes stupid amount of money when you talk 20k. You end up paying like 6k in Apr.
HP us not favourable too as it's about 5.9% across the board.
Pcp, wasn't really working for me due to very limited millage, but beauty is, I can get pcp with 0% for 3 years. The car I am looking at will have a balloon left of about 9k. In 3 years I can just pay that off or I'll pay 4k off it and take 5k finance from dealer which is usually 3.9%.

So make it easier: I won't pay 10% Apr on 20k, but I can buy the same car by paying 3.9% Apr on 5k eu.

NIMAN

appfry wrote: »

OP that is a great idea. Wish there was one.
If I got 0% finance I would be buying a new car every couple of years.
I find PCP far too confusing, so I just stay away from it.

I'm with you on this.

I have done a bit of reading on PCP and its not really attracting me at all. If I was to finance a new car it would have to be good old fashioned HP, with none of the balloon payments.

ShadowHearth

NIMAN wrote: »

I'm with you on this.

I have done a bit of reading on PCP and its not really attracting me at all. If I was to finance a new car it would have to be good old fashioned HP, with none of the balloon payments.

Well that's the thing. PCP is not ideal and does not suit everyone, but in fairness to it, it is kind of one of the best ways of buying. Beauty of it, that you can bend this pcp deal to your needs. If you are realistic and actually plan more then 3 days in advance, then pcp us not that scary.

Old fashioned HP deal is actually worse then pcp.
I already kind of made my point above, but without going to deep in to it. If you actually want to own car and not trade it in, pcp is way better option then hp.
Buy it on hp and you will pay on whole borrowed 20k 5.9% and you own car after 5 years. Buy it with pcp and pay off about 12k eu on 0% and when 3 years come they give you options. If you don't want to trade it in and keep the car, you finance the rest 8k at 3.9% for the 2 years, but at that point you own the car after 3 years and just paying off loan for the rest 2 years. Throw a few grand of your own savings and you will need to refinance even less with even lower cost of credit. Its a lot easier to come up with 4k twice in 3 years, then paying off 8k in go on the spot, if that makes any sense.
So as you see, you save more money and got options with pcp. In a way dealers want to hook you up for life to be in this 3 year rotation, but on the other hand they opened doors to actually own car with less Apr. Customer better off.

Personally I just don't like the idea of changing cars every 3 years. I woukd feel like driving a rental amd be afraid of extra millage or dent there and here. I could not relax and just actually use car. Though if I am going pcp fully knowing I am just going to refinance the car after 3 years, I will use it as my car, not a borrowed car for 3 years. Balloon payment looks scary on paper, I will admit, but if you look at it just as very flexible financing, then it's not that scary.