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General question regarding financing a UK import

  • 16-09-2020 09:42AM
    #1
    6541
    Registered Users, Registered Users 2 Posts: 1,989 ✭✭✭


    Just wondering how do most Irish people finance cars that they import from the UK ? Anyone any thoughts on this ?


Comments

  • #2
    bazz26
    Registered Users, Registered Users 2 Posts: 51,488 ✭✭✭✭bazz26


    Are you talking about a car you import yourself or buy from a dealer over here?

    If you are importing yourself then some lending institutions may insist that it's bought from a VAT registered dealer, some may not even lend money for a car purchased outside the country. It also depends on the type of loan/finance you are applying for. A secured car loan or hire purchase loan may have those type of restrictions whereas an unsecured personal loan or credit union type loan would not but they command a higher interest rate.


  • #3
    6541
    Registered Users, Registered Users 2 Posts: 1,989 ✭✭✭6541


    A car that I buy from a dealer over there. So I would bring it in, i.e I flight over go to the dealer and drive it back here.


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