#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 15°C Saturday 28 May 2022

Is car finance confusing, or a piece of cake? Rate your experience here

Tell us how you tried to find the perfect payment plan.

Image: Unsplash

STARTING TO GET a bit sick of your car’s old ‘quirks’? Once you realise that you’re probably due an upgrade, then comes the fun part – picking out your new car. Is it time to get Android Auto/Apple CarPlay? Keyless entry? Heated seats for frosty mornings?

What inevitably follows may not be fun – the question of ‘how will I pay for it?’ It’s hard enough to settle on a price range, finding a payment set-up that is likely to suit you for the next five years can be even more daunting.

Though a third of us tend to choose PCP, recent studies suggest that we don’t fully understand how it works. So, how does your experience buying a car relate to other drivers?

Firstly, let’s have a look at your experiences before you step into a showroom… Do you tend to spend a few weeks researching the car you’d love? Or a few months saving? Maybe price is the biggest factor in your choice. Use our slider ratings to share.


On a scale of 1-10, how likely are you to research a new car before you visit a dealership or book a test-drive?




When choosing a new car, how much is the overall cost (the total amount you'll pay over the term) a deciding factor, 10 being a huge factor?




On a scale of 1-10, how much does the initial upfront cost (the amount you need to pay before driving it away) factor into your decision?




Before buying a car, how likely are you to have put savings aside, 10 being very likely?


Once you’ve gone through the lengthy process of choosing a car that you love, it’s time to find a payment plan that you can actually commit to. As each bring both pros and cons, it can be tough to navigate. So, how do you tend to figure it out? Tell us below.


On a scale of 1-10, how well do you think you understand car finance options?




On a scale of 1-10, how likely are you to compare different types of car finance before you sign up for one, 10 being very likely?




When deciding on car finance, how important are the cost of monthly repayments, 10 being very important?


One of the newest payment options, PCP can seem on the surface like an attractive option for car buyers, but many don’t realise that it comes with a number of pretty specific conditions and agreements. Do you know enough about PCP to ensure that you make the best possible payment option for the car you can afford? Let us know below.


When it comes to PCP as an option, how much do you feel you understand how it works, 10 being that you fully understand it?




How aware are you of the ‘wear and tear’ terms attached to PCP, such as maximum mileage and regular servicing?


Think you know enough about your rights when it comes to buying a car? If you think it’s tricky business, you’re not alone. Make sure you’re fully up to speed on what you’re entitled to by visiting the Competition and Consumer Protection Commission’s car finance section before the next time you buy a new car.

Sponsored by:


Read next:


This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel