Car Finance

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Note:This information is provided for illustrative purposes only. It does not constitute a contract. We are not recording and will not use the information quoted by you in our calculators unless it is being provided as part of a product application. The results are based on current offered rates for AIB Car Finance.

Repayments calculated are based on a Fixed Rate Loan.
For a Variable Rate quote, please call 1890 724 724
(Lines open: 8am-9pm Monday to Friday and 9am-6pm Saturday)

Apply online for AIB Car Finance today and avail of a package with flexibility, competitive interest rates and much more.

Registered customers can also apply for AIB Car Finance through AIB Internet Banking. Simply log in, click on "car finance" and follow the on-screen instructions.

Sort out your Car Finance first and get things moving.

With AIB Car Finance, you'll enjoy...

• Our easy application process and a quick decision.
• A choice of competitive interest rates and financing options including loan, lease or hire purchase.
• The freedom to choose repayment terms from 12 to 60 months to suit your income and budget.
• Exclusive EUR100 off AIB Car Insurance for new & existing Car Finance customers. Discount available is subject to a premium in excess of the minimum premium amount currently EUR275.
• A minimum of red tape - we'll save you time by taking care of the details when it comes to your application.
• Peace of mind with AIB's optional Payment Protection Plan.

Consider the financing options.

There are three main types of finance plan:

Car loan

This is a personal loan to enable you to buy a car. You borrow the money and repay it, with interest, over an agreed period of time, usually a maximum of 5 years. You own the car from day one. Car loans are available at fixed or variable rates of interest.

Hire purchase

This allows you to borrow money over a fixed period of up to 5 years. The car becomes your property when you have paid the final installment due under the agreement. The interest rate for a hire purchase agreement is fixed for the term of the agreement.

Leasing

The bank or finance company lease the vehicle to you at a fixed monthly rental for a fixed term. The bank or finance company owns the car and charges you for its use. The interest rate for a leasing agreement is fixed for the term of the agreement.

Optional Payment Protection Plan

Accident/sickness, critical illness,redundancy, business failure or loss of life can happen unexpectedly. At times like these, the last thing you need are financial worries. That is why AIB has specifically designed an optional Payment Protection Plan to give you peace of mind and greater protection for your borrowings. For more information please refer to 'Payment Protection Plan - safeguarding your commitments' brochure available at your local AIB branch.

Car Insurance

Why not go to www.aib.ie for an instant quote and cover with 10% online discount.

Important Regulatory Notice

Where Hire Purchase is availed of:

The APR for the Loan, Lease or Hire Purchase facility depends on the amount borrowed and the term of the borrowing. Terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. A Documentation Fee of EUR63.49 applies to Loan and Hire Purchase. For Leasing, this Documentation Fee also applies and is subject to V.A.T. at the applicable rate. This fee will be charged with the first repayment. In the case of Hire Purchase there is a Purchase Fee of EUR12.70 payable on completion.

A typical EUR15000 4 year variable interest rate car loan will have monthly repayments of EUR379.48 APR 10.57%.If the APR does not vary during the term of the loan the total cost of credit i.e. total amount repayable less the amount borrowed would be EUR3215.04.

A typical EUR15000 4 year fixed interest rate car loan will have monthly repayments of EUR381.21 APR 10.83%. For this APR, the total cost of credit i.e. total amount repayable less the amount borrowed would be EUR3298.08.

A typical EUR15000 4 year fixed interest rate* hire purchase agreement will have monthly repayments of EUR381.21 APR 10.87%. For this APR, the total cost of credit i.e. total amount repayable less the amount borrowed would be EUR3298.08.

A typical EUR15000 4 year fixed interest rate* lease will have monthly repayments of EUR381.21 APR 10.89%. For this APR, the total cost of credit i.e. total amount repayable less the amount borrowed would be EUR3298.08.

Rates and repayments correct as at 24th November 2009. AIB Insurance Services Limited and Allied Irish Banks, p.l.c. are regulated by the Financial Regulator.

* Up to date information on our fixed rates can be obtained on request.

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