Car Finance

There are many ways to purchase a new or used vehicle these days, but where do you start? What's your best option? Here at Mooney’s are here to explain and help you pick the best car finance option to suit your needs.

Mooney’s offers very competitive car finance options that are available on all passenger and commercial vehicles in the range. The complete Hyundai range is also available to businesses large or small at very competitive Leasing and Contract Hire rates. 

We have a number of options offering flexibility and security. New and Used Car Finance options can be approved in 1 hour on new and used vehicles. Our car finance options make it easy for you to be driving your new car in a matter of days.

There are generally 3 types of dealer finances, they include;

Hire Purchase:

Hire purchase is an agreement, a person hires goods for a period of time paying by instalments. The person will own the vehicle at the end of the agreed term if all instalments are paid (the maximum term for hire purchase is 5 years).

Under the agreement of the hire purchase, the person does not own the vehicle until the last instalment is paid. The user does have full use of the goods throughout the repayment period.​

Contract Hire

This is a rental agreement, for business users or sole traders and can be used for cars or commercial vehicles. Contract Hire agreement will cover the use of the vehicle for a defined time and mileage and may or may not include a maintenance contract as well. As it’s a business type agreement the rentals will include vat, which may be deductible in the course of your business, this can apply to both cars and commercials.

Whether you are starting a new business or running a fleet, Contract hire has attractions in that the funding is an off-balance sheet, you are not building up a stake in cars/vans at the expense of valuable working capital. You should, of course, talk to your tax adviser, and as experienced professionals, we are available to help as well.​

PCP Car Financing:

You choose your car and pay us a deposit. You can trade-in your current vehicle as a deposit. If your vehicle does not meet the deposit amount you will cover the remaining cost.

Agree your monthly payments – An agreed minimum future value of the vehicle in 3 years will be outlined at this point. At the end of the 3 years, you will have the following options.

  • Upgrade - drive away in a new vehicle and continue with the instalment plan
  • Keep your vehicle – Buy your vehicle for the previously agreed Minimum Future Value
  • Walk away - Hand back the keys and have no outstanding finance

Non-Dealer Car Finance

  • Cash
  • Credit union Finance
  • Bank Finance