As well as a reduced rate, a loan from Waterford Credit Union offers many more benefits you can’t get anywhere else….
- With a car loan from Waterford Credit Union you own your car from the outset, which means you can sell or change it anytime.
- Your Waterford Credit Union loan is insured, at no extra cost to you (some T&C’s apply). Other lenders will charge extra for this.
- You can drive your new/used car at ease, and not worry about mileage restrictions or problems you may face with the lender when the loan term is up.
- You can get your car serviced wherever you want. You are not tied down to one garage.
- You can decide what make of car to purchase next. You don’t have to stay with the same dealer, or stay trapped in a PCP cycle.
- No Administration or set up fees.
- When you pay extra off your loan or clear your loan early, you pay less interest. Which means the total amount repayable on your loan could actually be less than the finance provider. (We calculate our interest on the reducing balance each month so by paying a little extra when you have it you pay less interest over the term of the loan).
- You can see exactly where your repayments are going every week/month – how much to loan balance, how much to interest – it’s very transparent.