Car Finance Guidelines

Vendor Finance operates both through a network of car dealers throughout Ireland and also directly with the customer. We source finance for both new and used vehicles and provide competitive car finance rates through some of the leading finance houses in Ireland.

The usual method of car finance is Ireland is through Hire Purchase contracts. This is a simple and straightforward way of financing the car that your family or business requires.

Each finance company has different criteria when assessing the finance application such as:

• The customers’ ability to repay based on income
• Their credit history through an Irish Credit Bureau (ICB) search
• Who the car dealer is. (Finance Companies will not provide car finance for private sales or cars bought outside the jurisdiction for personal use)
• The Year of the vehicle. Each lender has its criteria which will determine the length of the finance agreement, i.e. older cars financed over a shorter term and fresher cars over a longer time.

Vendor Finance will make a preliminary assessment of your finance application to help you determine which lender is more likely to approve your application.

Minimum borrowing is generally €5,000.