Kerry & West Limerick Credit Unions see a 51% increase in Car Loans issued in June compared to the same period last year

€2.39 million in Car Loans during June 2020 by the Credit Unions

KERRY AND WEST LIMERICK CREDIT UNIONS HAVE SEEN A STRONG SURGE IN CAR LOAN APPLICATIONS IN THE MONTH OF JUNE WITH OVER €2.39 MILLION ISSUED UP TO LATE JUNE AT THE TIME OF GOING TO PRINT, A 51% INCREASE COMPARED TO THE SAME PERIOD LAST YEAR.

The DEMAND FOR CAR LOANS IS ENCOURAGING AS THE LOCAL ECONOMY RE-OPENS WITH PEOPLE KEEN TO SUPPORT LOCAL DEALERS AND GARAGES AND THEIR LOCAL CREDIT UNION.

If YOU ARE IN THE MARKET FOR A NEW OR SECOND HAND VEHICLE, TALK TO YOUR CREDIT UNION ABOUT A LOW COST CAR LOAN WITH FLEXIBLE REPAYMENTS THAT SUIT YOU. WITH A CREDIT UNION LOAN YOU OWN THE CAR FROM DAY 1, THERE ARE NO BALLOON PAYMENTS AT THE END, THERE ARE NO FEES AND CHARGES AND YOU ALSO HAVE THE FLEXIBILITY OF CLEARING YOUR LOAN EARLY WITHOUT ANY PENALTY.

Credit UNIONS ALSO OFFER FREE

LOAN PROTECTION SO IN THE EVENT OF YOUR DEATH, YOUR LOAN IS CLEARED; WITH DEALER FINANCE, THERE IS NO SUCH LOAN PROTECTION. (TERMS AND CONDITIONS APPLY).

Kerry AND WEST LIMERICK CREDIT UNIONS ARE OPEN AND ARE LENDING. CREDIT UNIONS ARE HERE TO SUPPORT ALL MEMBERS, BUSINESSES AND COMMUNITIES AS WE WORK TOGETHER TO HELP REBUILD KERRY. THE ADVICE FROM YOUR LOCAL CREDIT UNION IS TO THINK LOCAL BY STAYING LOCAL, BORROW LOCAL AND SPEND LOCAL.

Do YOUR RESEARCH WHEN CONSIDERING CAR FINANCE. MANY LOCAL CREDIT UNIONS OFFER SPECIAL OR DISCOUNTED CAR LOAN RATES SO IT’S WORTH DOING THE LEG WORK BEFORE YOUR DRIVE AWAY IN YOUR NEW CAR.

For FURTHER INFORMATION ON LOAN RATES CREDIT UNIONS STRONGLY ENCOURAGE YOU TO CONTACT THEM AND LEND YOUR SUPPORT TO YOUR LOCAL COMMUNITY.