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Frequently Asked Questions

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On this page you can read the 14 most frequently asked questions of us regarding car finance. We hope this helps you understand our process a little more and how we do all we can to deliver the service you expect. If you have a question that is not listed below or if the answer provided does not fully address your concern, simply give us a call on 071 9310137, wherea member of our team will happily assist you.

What do I have to do?

Complete our online application form or call 071 9310137
Vendor Finance work with multiple lenders to source finance options for you. Essentially, using the information you provide to us on your enquiry form, we match you with the lender that best suits your needs.

How much can I borrow?

Minimum of €5,000. No upper limit.
Each lender has their own credit policies in place, however, the minimum borrowing amount across them all is €5,000.

Do I need a deposit?

No
100% finance can be arranged through one of our lenders.

How long does it take to get a decision?

4 Hours
Depending on the lender used, a decision can be expected anywhere from 4 hours to 24 hours. Sometimes it takes a little longer than this and sometimes a decision can be returned more quickly.

Will my credit history be checked?

Yes
In assessing your finance application, our lenders will run a credit check through the Irish Credit Bureau (ICB).From October 1, 2019, this information will be requested from the Central Credit Register (CCR)

If I have a poor credit history can I get a loan?

Yes, quite possibly.
We work with a number of lenders who will accept applications from customers with impaired credit histories. For more information, simply call us on 071 9310137 for further details.

Does the age of the car matter?

Yes
Generally speaking, older cars will have shorter loan terms and newer cars longer loan terms. Again, each lender has their own credit policy in place relating to this and we will advise you of your finance term & options once we have received your application

Can I buy a car privately without using a dealer?

No
The Sales of Goods Act 1980 does not apply to private sales and as such, none of the lenders we partner with offer finance for private car sales.

Do Vendor Finance charge me a fee?

No
Vendor Finance receive a commission directly from the lender for arranging the finance on their behalf.

Can I repay the loan early?

Yes
Each lender has different rules regarding early repayments and we are more than happy to discuss these with you before you draw down your finance.

Can I use any dealer?

Yes
We work with a large number of car dealers nationwide and will only submit your finance application to a lenderthat has your chosen car dealer on their dealer panel.

Are there any legal or compliance questions?

Yes
As an Authorised Credit Intermediary, Vendor Finance complies with all Central Bank and Data Protection requirements including verification of your Identity and address. Please refer to our Privacy Notice and Terms of Business for more information on how we do this.

Should I use Vendor Finance?

Yes
Our many satisfied customers say that our award-winning, friendly service and expertise, combined with our flexible lending partners, saved them both time and money by finding the best finance option for them, without any fuss or stress.

What are you waiting for?

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