Thinking Of Getting A New Car? - Member First Credit Union
new-car-loan

Thinking Of Getting A New Car?

A new car is never far from our minds. Whether it’s second hand or a brand new model, trading up is something we all dream about. But often, we write it off as something we can’t afford.  A Car Loan from MFCU might be your answer,

It sure is a big buy, but why should you invest in one?

Apart from the obvious perks that a new car provides, there are some that are not immediately noticeable. Running costs of newer models are often significantly less than older cars. For example, a car over 10 years old needs an NCT every year. New cars also often enjoy lower annual car tax rates due to lower emissions. And many insurance companies will charge a lower premium for newer, more reliable vehicles owing to their fuel efficiency and better technology. In fact, it’s not just a car. It’s an investment opportunity. You will get a lot better resell value whenever you’re ready for the next one. And an affordable Car Loan with us will take care  of the rest.

 

So what are you waiting for? Call us for a quick quote now.

Should you go the PCP route?

The PCP model has been getting a lot of traction in recent years. This involves providing an initial deposit and agreeing fixed monthly repayments for 3 years. While the monthly repayments may seem low, the trouble is you don’t own the car at the end of the three year term. With PCP you are essentially renting the car which takes away from the investment opportunity you would get from a new car. You will also be faced with a large balloon payment at the end of the repayment term.

Why get a Car Loan with us?

Car Loan from us provides instant ownership of the car you buy. There are no limitations on mileage and no lump sum at the end of your loan repayments. There are no penalties for early repayment, and with 24 hour loan approval*, you can head to the garage with all the negotiating power of a cash buyer.

 

Check our Car Loan Calculator now and see if it’s the right time for you to buy that new car!

 

The good news is that it’s really easy to apply for a loan. Just submit your details to us by clicking ‘Apply’ on the Loan Calculator.

 

*Lending criteria, terms & conditions apply.

 

If you’re not a member yet, you can join us online at this link. You can apply for a loan straightaway once you’re a member.

 

Incase you’re already a member, either Login or Register for Online Banking.

Borrow from €500!

MFCU pERSONAL LOANS

Whatever it is you dream about – talk to us today about our Great Value Personal Loans.

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