I
irishpancake
Guest
hi folks
greetings of the season to one and all
mrs. pancake has decided that we need a new(ish) car for 2006, so i have been checking out financing options.
the car in question is costing €16500, i have a trade-in worth €10000, according to my local friendly car dealer
i need to finance €6000 over 4 years.
so far almost all the institutions i have tried (BoI, AIB, PTSB, NIB) are quoting around 8.9%APR fixed, which is working out at €148-€150'ish p/mth. (The Credit Union is actually no better, actually slightly worse, as it requires capital tied up in shares as collaterol)
Is this the "going rate", or can i get finance cheaper than this, considering i am not borrowing a large amount and the new car is actually a 2004 model??
greetings of the season to one and all
mrs. pancake has decided that we need a new(ish) car for 2006, so i have been checking out financing options.
the car in question is costing €16500, i have a trade-in worth €10000, according to my local friendly car dealer
i need to finance €6000 over 4 years.
so far almost all the institutions i have tried (BoI, AIB, PTSB, NIB) are quoting around 8.9%APR fixed, which is working out at €148-€150'ish p/mth. (The Credit Union is actually no better, actually slightly worse, as it requires capital tied up in shares as collaterol)
Is this the "going rate", or can i get finance cheaper than this, considering i am not borrowing a large amount and the new car is actually a 2004 model??