Reveal Secret Formula Spend Wisely on Car Ireland
Exploring Financing Options
Financing is a common method for purchasing cars in Ireland, with options such as hire purchase (HP) and personal contract plans (PCP) available. Each has its benefits and drawbacks. HP agreements typically result in ownership at the end of the term, while PCP offers lower monthly payments but requires a final lump sum payment to own the car. According to the Central Bank of Ireland, PCP agreements have become increasingly popular, accounting for a significant portion of car finance deals3.