Then Finance For You (FFU) may be able to help!
We assess each application on its individual merits. We are willing to approve credit applications for people with no or a damaged credit history. Rather than looking back, at ones credit history, we like to look forward. Naturally, the interest rates charged will be higher than traditional credit as the associated risks are higher. Finance For you is a member of the Irish Credit Bureau, so as you repay your Hire Purchase Agreement with FFU this will start to repair your credit profile also. This will help enable you access credit in the future at lower rates.
Hire Purchase
Car Finance is arranged under a Hire Purchase contract with FFU. Hire Purchase is a contract where you rent the vehicle from FFU for an agreed period of time e.g. 36 months in return for a set weekly payment. During the agreement, you can use the car but the finance company (i.e. Finance For You) actually owns it. Finance For You is the owner, and you are the hirer. At the end of the agreement, the finance company (i.e. FFU) automatically passes ownership of the car over to you, provided you have made all the payments.
- Borrow between €3,750 to €30,000.
- Receive a decision within 24 hours after submitting application.
- Flexible loan terms ranging from two to six years.
- Customise your repayment schedule with options for weekly or monthly payments
Rate: Our interest rate is subject to variability, ranging from 18% to 23% APR (Annual Percentage Rate). This means that the specific rate applicable to your loan may fall within this range based on various factors.
Example Payments: Let’s illustrate how our rate translates into practical payment scenarios. For instance, if you borrow €10,000 over a period of 5 years, at 18% APR then your weekly payment would be approximately €56.62, resulting in a total repayment of €14,968.82.
Please note that the above example is for illustrative purposes only, and actual payment amounts may vary based on individual loan terms and conditions.
| Amount | APR* | Term | Number of Repayments | Weekly Repayment | Cost of Loan | Total Loan Repayable |
|---|---|---|---|---|---|---|
| €10,000 | 18% | 5 years | 260 | €56.62 | €4,968.82 | €14,968.82 |
| €15,000 | 18% | 5 years | 260 | €84.96 | €7,453.57 | €22,453.57 |
| €25,000 | 18% | 5 years | 260 | €141.60 | €12,404.74 | €37,404.74 |
| €28,000 | 18% | 5 years | 260 | €158.59 | €13,890.00 | €41,890.00 |
| Amount | APR* | Term | Number of Repayments | Weekly Repayment | Cost of Loan | Total Loan Repayable |
|---|---|---|---|---|---|---|
| €10,000 | 22% | 5 years | 260 | €60.99 | €6,123.76 | €16,123.76 |
| €15,000 | 22% | 5 years | 260 | €91.50 | €9,177.06 | €24,177.06 |
| €25,000 | 22% | 5 years | 260 | €152.51 | €15,286.95 | €40,286.95 |
| €28,000 | 22% | 5 years | 260 | €170.81 | €17,116.59 | €45,116.59 |
| Amount | APR* | Term | Number of Repayments | Weekly Repayment | Cost of Loan | Total Loan Repayable |
|---|---|---|---|---|---|---|
| €10,000 | 23% | 5 years | 260 | €62.14 | €6,427.26 | €16,123.76 |
| €15,000 | 23% | 5 years | 260 | €93.22 | €9,633.29 | €24,633.29 |
| €25,000 | 23% | 5 years | 260 | €155.36 | €16,039.98 | €41,039.08 |
| €28,000 | 23% | 5 years | 260 | €174.00 | €17,957.88 | €45,957.88 |
Other Fees:
| Transaction | Fee Amount |
|---|---|
| Bounced DD Fee | €15 |
| Issue Loan Statement Fee | €15 |
| Changed Payment Date Fee | €15 |
| Change the Direct Debit Bank Details – Bank Change Fee | €15 |
| Settlement Letter Fee | €15 |
| Settlement Letter Fee | €15 |
| Change the payment frequency (Weekly to Monthly or Monthly to Weekly) | €15 |
| Loan Restructure Fee | €75 |
| Repossession Fee | €500 |
Please note the following:
- Terms and conditions are applicable.
- Approval is required for all loan applications
- The table provided is for illustrative purposes only and does not serve as a legally binding contract
Warning: If you don’t pay back your loan on time, your account will fall behind in payments. This can affect your credit rating, making it harder for you to borrow money from banks in the future. It’s important to keep up with your payments to avoid extra fees.
Key Benefits with a Finance For You Hire Purchase agreement;
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FFU provides finance to individuals when no other Bank or Finance House will do so
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It enables customers locked out of the normal credit options to get back on the borrowing ladder, a 2nd chance and a fresh start;
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It enables individuals to upgrade their car. While the weekly payments may be higher than a prime lender, this can be offset due to the lower running and maintenance costs associated with your new car;
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A Hire Purchase agreement with FFU helps to repair an individual’s credit history which will help facilitate them access cheaper credit in the future;
Client Testimonial
“FFU approved me when no one else would, enabling me replace my old car that was on its last legs. My old car was costing me a fortune with higher tax, poor fuel economy and high repair costs. After having come through a difficult period financially, FFU gave me a fresh start, a 2nd chance when no one else would support me. They were excellent to deal with, really helpful and efficient. The weekly repayment option is fantastic as it suits my cash flow and weekly budget” James from Santry Dublin 9.
FFU’s CEO, Brian Leslie
“FFU is helping customers all around Ireland, offering a responsible and affordable finance option for those customers who are unfairly excluded from mainstream lending. It doesn’t matter to us if you have a bad credit rating, no credit rating or are self-employed. The most important thing for us is that you can afford the weekly payments”.
WARNING: SECURITY WILL BE REQUIRED OVER A MOTOR VECHICLE. YOUR VECHICLE MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS. THIS MAY ALSO AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.