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100% Finance Available with AIB Hire Purchase
Hire Purchase is available for amounts over €10,000, with a fixed interest rate of 8.45% APR (based on a typical agreement over 4 years).
Documentation Fee of €63.49 will be charged with the first repayment and an additional Purchase Fee of €12.70 payable with the final repayment. Additional fees may apply for early repayment of a fixed rate agreement or if an account falls into arrears. Click here to see our guide to Fees and Charges.
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 Hire Purchase (Fixed Interest Rate) Loan. For further information on our fixed rates, or for a quote for amounts greater than €60,000 please contact 1890 724 724 (Lines open: 8am-9pm Monday to Friday and 9am-6pm Saturday) or your local branch.
Call us on 1890 724 724
Important information on your Distance Contract
AIB strongly recommends that before purchasing this product you read the Important Information on your Distance Contract.
Personal Lending Interest Rates
View our current rates charged on lendings.
For service related queries please visit our Help Centre.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
The APR (Annual Percentage Rate) for the Loan 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.
We use the cost per thousand to calculate the repayments, generally we use the APR, typical example is below:
A typical €15,000 4 year fixed interest rate hire purchase agreement, would have monthly repayments of €365.40 APR 8.45%. For this APR, the total cost of credit (i.e. total amount repayable less the amount borrowed), would be €2539.20.
Allied Irish Banks, p.l.c. is an agent of AIB Insurance Services Limited in relation to provision of general insurance products. AIB Car Insurance is exclusively underwritten by AXA Insurance dac. AIB Insurance Services Limited and Allied Irish Banks, p.l.c. are regulated by the Central Bank of Ireland.
Allied Irish Banks, p.l.c. trading as AIB Finance & Leasing provides Car Finance by way of Hire Purchase. Allied Irish Banks, p.l.c. trading as AIB Finance & Leasing are regulated by the Central Bank of Ireland.