Finance

In our attempts to provide our customers with a One-Stop-Shop our experienced Business Manager, Veronica Martin offers, along with the leading banks, a full range of options for both the private individual and business user. A decision for car finance can be given within an hour. You can apply on line for finance (see end of page).

For more information contact Veronica Martin 062 33222 or email veronica.martin@piersemotors.ie

Loan Options

In supporting our attempts to provide you with a one-stop-shop buying experience, we offer the following range of payment options:

Hire Purchase

HP is a popular and direct method of paying for your vehicle. You can select a monthly repayment suitable to your budget over a period of 12 - 61 months. Your repayments are fixed to allow you to budget more effectively. HP can be organised within a few hours

Business Purchase Plan

This is a form of HP particularly suited to small, medium and large sized enterprises. It has accounting advantages in that you can reclaim the VAT immediately in one lump sum on commercial vehicles.

Contract Hire

This option is again of benefit to business users. You pay a fixed rental for a period of time suitable to you and return the car to us at the end of the period. We can also include a maintenance package on this option.

Leasing

Leasing is an option open to private consumers and businesses. It involves a low initial outlay, fixed monthly repayments and can be tax effective.

Insurance

There are insurance options available on all car loans commonly referred to as Payment Protection Policies or Payment Protection Cover. The 3 most common levels of insurance are as follows:

Life Cover - loan will be repaid, excluding arrears in the event of death
Life, Accident and Sickness Cover - loan will be repaid for you in the event that you are out of work due to illness or to an accident. You also have life cover here.
Life, Accident and Sickness and Redundancy Cover - here you have the previous 2 levels of cover and also are protected in the case of redundancy.
For the self-employed there is the option of Critical Illness Cover as an alternative to Redundancy.

Benefits of Allowing Pierse Motors to organise your car loan:

Competitive Cost
Keeps your first line of credit intact and available for the future
Loans specifically tailored for cars and commercial vehicles
Flexibility (12-61 months, 3 levels of payment protection, balloon payments, etc.)
No need to visit your bank/credit union
Opportunity to build a positive credit rating
Fixed interest repayments
Convenience - 'One-Stop-Shop'
No need for home to be used as security
Speed - we can have your loan approved within hours

Benefits of Payment Protection on your car loan:

Immediate Cover
Accident and Sickness pays for full term
Maintains mobility when out of work
No additional paperwork
No hospitalisation required
Cost is fixed for the entire duration of the loan
Underwriting is free - there is no loading for age, sex, weight, smokers, occupation, hobbies
Paid in addition to sick or state pay
Few exclusions to worry about
Protects a guarantor
Living cover - you don't need to die in order to benefit
In the event of death it does protect the family
Paid for every day that you are without work

Typical APR 8.0%