Skibbereen and Bandon Credit Union Motor Loans

Hi I’m Mary Crowley, hi I’m Gavin Kiely and we’re here today to talk to you about the credit union motor loans. Many main dealers now offer PCP plans in their garages. So what is a PCP? It’s a Personal Contract Purchase, a type of higher purchase agreement with PCP you’re tied into an agreement tie to a car dealer and tied to a car brand, the credit union loan is a personal loan to the member and it’s their choice where and from whom they purchased the car. With the PCP you are effectively renting the car for the term of the agreement, you pay an initial deposit and then monthly payments for the period agreed and a buyout payment at the end, but you don’t actually own the car until the final buyout payment is made. With the credit union it’s very simple, you borrow the money, you buy the car and you always immediately. With the credit union car loan you set how much you want to borrow, for how long and how you want to repay. You know exactly how much it’s going to cost you, no hidden charges no fees and no extra conditions. If you’re thinking of changing your car please talk to us first, here at your credit union we offer a great motor loan package which could save you money when compared with other finance deals. Thanks for watching.

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