Good Luck Trying to Get a Car Loan « The No Nonsense blog
Back in January we posted about the best offers in car loans from the various institutions in Ireland. At that time the market was very competitive with all the lending institutions active in this space. However, today the market is like a desert in comparison as all but three of the top ten lenders have stopped offering loans on new or used cars.
Darragh pointed out that Tesco Finance , who had the best offer in January, are no longer offering loans in the Irish market.
First Active of course are no longer trading since they have been merged with Ulster Bank.
Bank of Ireland are no longer offering car loans but are providing car finance arrangements – similar to hire purchase – but only if you call in to a branch.
FinanceDirect.ie have disappeared altogether and CarFinance.ie are no longer providing “options for finance”.
RaboDirect have stopped offering any type of loans at all.
arrrggghh!! this goes to show how tight bank or ireland are getting, direct debits keep hitting my account on the wrong day and my accout goes overdrawn and charges my current account 10 euro each go. GET THIS!!! i went on down to my local branch and kindly asked the woman could she set up an overdraft of 100 euro on my account so as that i will not be charged when it happens in the future, two days later i get a letter telling me they cant set up an overdraft on my account.. they DECLINED IT!!!!!!! that night a direct debit hit my account and of corse im charged 10 euro.
