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Car loan recommendation for a UK import?

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  • 17-05-2021 4:16pm
    #1
    on_the_roots
    Registered Users Posts: 180 ✭✭


    Any good recommendation for a car loan to buy a car in UK and then import to ROI? No matter if this is from a ROI or UK's bank, as long as this is possible for a ROI's customer.

    I saw Permanent TSB has a specific service for this case but the interest rate is ludicrous 8.9%. Not a chance to take this.


Comments

  • Options
    #2
    kippy
    Registered Users Posts: 18,393 ✭✭✭✭kippy


    Credit union?


  • Options
    #3
    bazz26
    Registered Users Posts: 51,112 ✭✭✭✭bazz26


    Your not going to get a loan from a UK bank if your not a UK resident.

    Use the likes of bonkers.ie to compare interest rates from various banks. There is also a banking forum on boards.ie


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    #4
    MetzgerMeister
    Registered Users Posts: 19,854 ✭✭✭✭MetzgerMeister


    Just so you are aware, importing a car from the UK (unless it's a UK-built car) will incur VAT charges on top of import duty.


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    #5
    ineedeuro
    Banned (with Prison Access) Posts: 989 ✭✭✭ineedeuro


    Avant are the cheapest at the moment


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    #6
    on_the_roots
    Registered Users Posts: 180 ✭✭on_the_roots


    MetzgerMeister wrote: »
    Just so you are aware, importing a car from the UK (unless it's a UK-built car) will incur VAT charges on top of import duty.

    Yes, I'm aware of these post-brexit rules. So I'm going to follow the less complicated/expensive route, importing a car first registered in NI and not exported to anywhere so far.
    The only way to escape VAT is importing from NI on the conditions I mentioned above.
    ineedeuro wrote: »
    Avant are the cheapest at the moment

    Indeed they are the cheapest I could find so far, 5.9% but I'm trying to find something cheaper than this.


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    #7
    ineedeuro
    Banned (with Prison Access) Posts: 989 ✭✭✭ineedeuro


    on_the_roots wrote: »
    Yes, I'm aware of these post-brexit rules. So I'm going to follow the less complicated/expensive route, importing a car first registered in NI and not exported to anywhere so far.
    The only way to escape VAT is importing from NI on the conditions I mentioned above.



    Indeed they are the cheapest I could find so far, 5.9% but I'm trying to find something cheaper than this.

    You won't in Ireland

    You are buying a car, short term loans have higher interest rates.

    Unless you buy somethign brand new and get PCP with 0% etc


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