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).

Key Information

  • If you’re an AIB customer you can apply in branch or over the phone
  • 100% Finance Available - no deposit required, subject to credit assessments
  • Fixed Interest rate of 8.45% APR (based on a typical agreement over 4 years)
  • Flexible repayment terms (from 2 to 5 years for used cars and 6 years for NEW cars)
  • Ownership of the car transfers to you once all instalments are made
  • Hire Purchase allows you to borrow money over a fixed period. The car becomes your property when you have paid the final instalment due under the agreement

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.

Going Green?

Other options including our New Green Personal Loan are available, which may suit your borrowing needs. Click here for more information. 

Get a quick quote on your Hire Purchase

  • Select term(months)
  • 24
  • 36
  • 48
  • 60
  • 72 - New Cars Only
Select term(months)
Monthly Repayments:
Total amount repayable:


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: 9am-5pm Monday to Friday) or your local branch.

This calculator does not illustrate our New Green Personal Loan.

Call 1890 724 724 / Book a Branch Appointment

Car Loan

Competitive Interest rate with loans at 8.95% APR variable. Car loans from €1,000 to €30,000.

AIB Car Insurance

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Help and Guidance

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.

Help Centre
For service related queries please visit our Help Centre.

Additional Information

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.

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