Now that the 152 registration has commenced, Slane Credit Union has launched its Car Loan Campaign. The campaign highlights the 7.9% (APR 8.19%) loan rate available to members at the credit union.
According to a report released by the Society of the Irish Motor Industry (SIMI) on 2nd June 2015, there has been a 26% increase in new car registrations (80,913) for the first five months of 2015. The new car sales total in May 2015 was 6,940 compared with 6,272 in May 2014, an increase of 11%. The car industry is recovering and SIMI has revealed that the average price of a new car has declined by 2.5%. The top 3 selling car models in May 2015 were Volkswagen Golf, Volkswagen Passat and Skoda Octavia.
The philosophy at Slane Credit Union has always been to look at things differently. We understand the difference a car loan can make to your life, giving more space and more freedom, so we always look at your whole story to make sure your journey with us is a pleasant one. We only propose car loans with realistic terms, which you can pay back in a way that works best for you. We don’t charge administration fees or transaction charges and you can pay back your car loan early without penalty, if that becomes an option. Remember, at your local credit union, you are not a customer, you are a valued member.
Commenting on the Car Loan Campaign launch Barbara Markey, Slane Credit Union Manager said: “People in the Slane area are still buying cars but over the past five years have become savvier and are shopping around for better value in the car financing deal. Try not to be influenced by repayments that seem low. Look at the total offer or hire purchase price as this is what you must pay to own the car. We are delighted to announce the addition of a great value car insurance solution to our members.”
Consumers who would like independent information or help in understanding any of the terms and conditions of their hire purchase (or any other loan) contract should contact the National Consumer Agency. You can contact their consumer help-line on lo-call 1890 432 432 or visit their website. For more information on Hire Purchase Agreements and their charges please go to consumerhelp.ie