Advertorial

If you are thinking of changing your car this month it’s worth checking out Tralee Credit Union’s low-rate motor loan.

Tralee Credit Union in Tralee, Castleisland and Killorglin have just reduced their Motor Loan Rate to their lowest rate ever of 6.5% (6.7% APR).

This low rate is available on all new, second hand, personal and commercial vehicles. Speaking to Fintan Ryan CEO: “We have reduced our motor loan rate this summer to meet the increasing demand for low rate motor loans. It’s not just the rate that is important it’s the flexibility of purchase as well,” he explained.

“Remember with a Credit Union Loan you own the vehicle straight away. There are no fees, no balloon payments, no mileage/wear and tear restrictions and you can clear your loan early or make extra repayments with no penalty. We even offer free Loan Protection Insurance.”

“Many garages are now promoting PCP (Personal Contract Plan) as a way of getting your new car. While PCP may have some things going for it, there are also pitfalls that buyers should aware of;

1. You are not buying a car. You are actually renting it.

2. You are using your existing car as a deposit for your first PCP but you will not have a car to trade in next time.

3. There are mileage restrictions and other “fair use” conditions.

4. You will have to enter into a purchase arrangement at the end of the term to “buy” the car you have been driving for three years.

5. PCPs may be “sold” as interest free finance but in fact you are only renting, not buying the vehicle. We would ask you to be fully informed and choose a deal that’s right for you”.

Call into your local Credit Union in Tralee Castleisland and Killorglin check out the advertisement above, or visit the website here for more.