Note:This information is provided for illustrative purposes only. It does not constitute a contract. We are not recording and will not use the information quoted by you in our calculators unless it is being provided as part of a product application. The results are based on current offered rates for AIB Car Finance.
Repayments calculated are based on a Hire Purchase (Fixed Interest Rate) Loan. For further information on our fixed rates contact call 1890 724 724 (Lines open: 8am-9pm Monday to Friday and 9am-6pm Saturday)
For a Variable Interest Rate Loan quote, please click here
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If you are looking for Car Finance less than EUR10,000 please click here
An AIB variable interest rate loan is a personal loan where the interest rate charged on the outstanding balance varies as market interest rates change. However, your monthly repayments usually stay the same, so if interest rates rise during the loan term, you will have to make some extra payments at the end of the term. If the rate on your loan falls, you may pay off your loan earlier. You have the option of paying back your loan early or making unscheduled additional repayments at any time with no penalty through your branch or AIB Internet Banking.
This allows you to borrow money over a fixed period of up to 5 years. The car becomes your property when you have paid the final instalment due under the agreement. The interest rate for a hire purchase agreement is fixed for the term of the agreement. Hire purchase is only available for amounts greater than or equal to EUR10,000.
The bank or finance company lease the vehicle to you at a fixed monthly rental for a fixed term. The bank or finance company owns the car and charges you for its use. The interest rate for a leasing agreement is fixed for the term of the agreement. Lease is only available for amounts greater than or equal to EUR10,000.
Warning: You may have to pay charges if you pay off a fixed rate loan early.
|Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.|
|Warning: You will not own these goods until the final payment is made.|
The APR (Annual Percentage Rate) for the Loan, Lease or Hire Purchase facility depends on the amount borrowed and the term of the borrowing. Terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. A Documentation Fee of EUR63.49 applies to Hire Purchase. For Leasing, this Documentation Fee also applies and is subject to V.A.T. at the applicable rate. This fee will be charged with the first repayment. In the case of Hire Purchase there is an additional Purchase Fee of EUR12.70 payable on completion.
A typical EUR15000 four year variable interest rate Car loan, will have monthly repayments of EUR384.64 Interest Rate 10.66%, APR 11.11%. If the APR does not vary during the term of the loan, the total cost of credit of this loan i.e. total amount repayable less the amount of the loan, would be EUR3462.72.(Rates and repayments based on loan drawdown on 22/05/2012 with first repayment 22/06/2012).
A typical EUR15000 4 year fixed interest rate* hire purchase agreement, will have monthly repayments of EUR373.95 APR 9.76%. For this APR, the total cost of credit i.e. total amount repayable less the amount borrowed, would be EUR2949.60.
A typical EUR15000 4 year fixed interest rate* lease will have monthly repayments of EUR373.95 APR 9.78%. For this APR, the total cost of credit i.e. total amount repayable less the amount borrowed, would be EUR2949.60.
*Up to date information on our fixed rates can be obtained on request or AIB Internet Banking
AIB Car Insurance is exclusively underwritten by AXA Insurance Ltd. AIB Insurance Services Limited and Allied Irish Banks, p.l.c. are regulated by the Central Bank of Ireland.