Motor loans that work for you at Caherciveen Credit Union

AT Caherciveen Credit Union we understand when it comes to buying your next car there is so much to consider. That’s where we step in to ensure your Motor Loan application is simple and straight forward so you can confidently enjoy the process of choosing your next family car, van or motorbike! Our local lending team are here to help, we understand our members are busy and need a loan process that you can access remotely. That’s why you can email us directly at info@ caherciveencu.ie or call the lending team on 066-947 2711 or drop in to the branch anytime.

Elma Shine, Manager, shared “we understand fully that our members need Motor Loans that work for their life, that’s why we only propose loans with realistic terms, which you can pay back in a way that works best for you.”

A Motor Loan with Caherciveen Credit Union is not a Hire Purchase agreement, there are no balloon payments and there are no gimmicks! So why choose a credit union loan to buy your car as opposed to a PCP you may ask? With PCP it is important to read the small print, essentially it cleverly positions a financial product solution with the purpose of the car manufacturer selling you a car today with you into returning in three years for another.

With a credit union loan your car is yours to do with what you wish, drive as many miles as you wish, add a new stereo, trade the car in or just sell it if the need arises. Not so with a PCP, first you have to pay a deposit, then you have a finance package at the end of which is there is a bubble payment or you trade the car in and start all over again. How you keep the car, service history, mileage and condition is taken into consideration. There is no small print with the credit union loan, your loan is insured at no cost to the borrower and can be repaid ahead of schedule with no penalties. A Credit Union loan puts the buyer in control not the car company.

We know what makes us different - we have no hidden fees, offer fair and reasonable interest rates capped by law, in the event of your death, your credit union loan is insured - subject to terms, conditions and eligibility criteria - at no direct cost to you. In addition you can pay off your car loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!

When it comes to Motor Loans “We think differently” so let’s get motoring down to Caherciveen Credit Union.