Terms and Conditions

1. This agreement is for the hire of the goods referred to in the schedule with the right to purchase in accordance with the terms of this agreement. The hiring shall commence on the date the agreement is signed by both the Hirer and the Owner.

2. The Hirer shall:

1. Pay all instalments by way of Direct Debit specified in the schedule punctually on the dates shown without previous demand by the Owner.
2. Keep the Goods in the Hirers possession and control and return the Goods to the Owner on termination of this agreement where the Hirer has no legal rights to retain the Goods.
3. Advise the Owner of the whereabouts of the goods within 10 days of being requested to do so and permit the Owner to inspect the Goods at all reasonable times.
4. Take reasonable care of the Goods and shall be liable to the Owner for all loss or damage to the Goods. This liability is in addition to the other liabilities under the agreement.
5. Service and maintain the Goods in accordance with the manufacturer and/or supplier’s instructions to preserve the manufacturer’s warranty where applicable and keep the Goods in good order and condition
6. Not modify or alter the Goods unless ordered to do so with the Owner’s prior written consent
7. Notify to the Owner any loss or material damage to the Goods.
8. Not sell, assign, mortgage, charge or sublet the Goods or any interest in them or the benefit of this agreement
9. Keep the Goods free from all liens and distrains and punctually pay all taxes, outgoings and impositions in respect of the Goods and their letting.
10. Obtain and keep up to date all licenses, permissions and consents which are required in respect of the Goods, their use or enjoyment by the Hirer
11. Provide all necessary information and documentation to satisfy the Owners obligations to identify the Hirer under legislation to combat money laundering and terrorist financing

3. If the Goods are a motor vehicle and the Owner becomes entitled to possession of the Goods under this agreement or otherwise, he or any person acting on its behalf may enter any property other than the Hirer’s dwelling house or any buildings attached thereto to take possession of the motor vehicle and will not be liable in respect of such entry.

4. Termination by the Owner:

1. Should the Hirer fail to comply with any of the terms of this agreement or any of the information provided by the Hirer is incorrect or untrue in any material respect, the Owner is entitled, subject to the provisions of the Consumer Credit Act 1995, to terminate this agreement and give notice to the Hirer.
2. On termination of this agreement by the owner the Hirer will no longer be in possession of the Goods with the Owner’s consent and will be liable to pay the owner:
   1. All instalments due to the date of the termination
   2. Such sum as will bring the total sums paid and sums due under:
      (i.) Above to one half of the Hire Purchase Price
   3. Damages for any failure to take reasonable care of the Goods
3. If the hirer receives a repossession notice, it is the responsibility of the hirer to contact Finance for You immediately to organise payment as soon as possible to avoid repossession and associated repossession costs.
4. Once the owner takes possession of the vehicle, Finance for You will then sell the car and any balance outstanding post sale of the said vehicle will have to be paid by the hirer

5. Fees and Penalties:

1. The Owner will charge a documentation fee equivalent to one month’s instalment if paying monthly, 2 instatements if paying bi-monthly or four instalments if paying weekly respectively and will be payable as the 1st monthly instalment if paying monthly, the first two instalments if paying bi-monthly and the first 4 instalments if paying weekly. For avoidance of doubt the period will be extended by one month/four weeks accordingly.
2. An Administration and Car Purchase fee of €20 will be payable on the final instalment
3. The option to purchase fee will be payable on the final payment and will be €5
4. Should the Hirer wish to re-schedule/restructure the agreement the Owner has the right to charge €75
5. Should the Hirer wish to exercise the rights to purchase the goods, in accordance with section 63 of the Consumer Credit Act 1995, the Hirer will pay the remaining capital element of the remaining instalments and a further 3-month instatement if paying monthly, 6 bi monthly instalments if paying bi-monthly or 12 weekly instalments if paying weekly.
6. Should the Hirer wish to request a Settlement Figure the Owner has the right to charge €15
7. Should the Hirer wish to request to Change the Direct Debit Bank details the Owner has the right to charge €15
8. Should the Hirer wish to request a Loan Statement the Owner has the right to charge €15
9. Should the Hirer wish to Change the Date of which their repayment is due to be made the Owner has the right to charge €15
10. If the account enters repossession stage, the owner reserves the right to charge a €500 repossession fee along with all associated repossession costs, including but not limited to, vehicle impound fees, storage fees, cleaning costs, vehicle repairs, auction delivery charges.
11. Should the Hirer wish to change the Loan Repayment Schedule from Weekly to Monthly or Monthly to Weekly the Owner has the right to charge €15
12. These fees can be varied at any stage subject to getting written notice 30 days in advance of any changes being implemented.
13. If you do not pay us a repayment instalment or other money by the date you were due to pay it, we will charge you an arrears interest rate of 1% per month or part of a month (which is 12% per annum) on the unpaid sum. We will charge you a minimum of €2.54 per month or part of a month.
14. A charge of €75 will apply in respect of the deferral of each and any instalment under the terms of the Agreement where such deferral has been agreed by the Owner.

6. If a guarantee is in place with this Hire Purchase Agreement, the guarantor is fully and immediately liable where the Hirer is in breach/default of this agreement, but the liability of the guarantor shall be limited to the amount which would have been payable by the Hirer if he had determined the agreement under Section 63 of the Consumer Credit Act 1995.

7. Any notice to be served under this agreement may be sent by email as a means of service and notification or by ordinary prepaid post to the usual or last known address of the addressee and if so sent shall be deemed to have been received 48 hours after posting of same. Reference to the singular includes the plural and the masculine includes the feminine and vice versa where the context allows.

8. Where there are two or more Hirers their liability shall be joint and several.

9. The provision set out under the heading Statutory Notice comprises part of the terms and conditions of this agreement

10. Duration
The hiring shall commence on the date specified in the Agreement and shall continue until determined as hereinafter provided. TERMS AND CONDITIONS

11. Instalments
The Hirer shall punctually and without prior demand pay the several instalments as set out in the Schedule on the dates therein provided and time of payment shall be of the essence of this agreement. The Hirer shall pay interest at the rate of 0.25% per month on all overdue Instalments from the due date until payment thereof and the rights of the Owner hereunder shall not in any way be affected by any time or of other indulgence that the Owner may see fit to grant to the Hirer. For the avoidance of doubt where a payment is made and is refunded, such a refund means that payment has not been made on the due date.

12. Payment
The Hirer will repay the amount financed by the Owner to the Hirer in accordance with the terms and conditions of this agreement. Such payments shall be in Euros. The Hirer irrevocably authorises the Owner with the right (without notice to the Hirer) to debit any account (whether current or otherwise) of the Hirerwith such instalments or monies due under this Agreement on the dates on which such instalments or monies are due and to apply such amounts towards the payment of instalments and monies due under this Agreement

13. Purchase Fee
If and when
A. the Hirer decides to pay the Administration and Car Purchase Fee and
B. all Instalments and other monies payable by the Hirer to the Owner under this Agreement shall have been duly paid. and provided that the Hirer shall not have committed any breach of the terms and conditions of this Agreement and paid the Administration and Car Purchase Fee, then title to the Goods will pass to the Hirer, but until that time the Goods shall remain the Owner’s sole property notwithstanding that the Hirer is in possession thereof. In the event that Hirer pays the Administration and Car Purchase Fee and all other amounts under this Agreement and by reason of the exercise of its legal rights is repaid or refunded the Administration and Car Purchase Fee and/or such all other amounts the ownership of the Goods will immediately revert to the Owner In such an event, the Hirer must immediately;
C. in the event that the Goods are not already handed back, hand back the Goods to the Owner by delivering the Goods to the Owner’s agent (who will be a specialised collection/repossession agent appointed by the Owner or the dealer from whom the Hirer obtained the Goods when this Agreement was signed); and
D. pay all amounts under this Agreement other than the Administration and Car Purchase Fee. In all cases where within 2 days of the repayment or refund pursuant to the exercise of its legal rights the Hirer has not handed back the Goods the Hirer will become immediately liable to pay the Administration and Car Purchase fee in addition to such all other amounts that the Hirer is liable to pay to the Owner.

14. The Hirer must immediately notify the Owner in writing of any change of the Hirer’s address

15. The Hirer must not use or allow the Goods to be used for any unlawful purpose or in contravention of any statute or regulations for the time being in force or otherwise contrary to law or drive or allow the Goods to be driven in a negligent manner or in breach of the Road Traffic Acts or any Bye-laws or Regulations made hereunder.

16. Insurance
A. Maintain insurance in respect of the Goods where required by law. As the Hirer is liable to the Owner for any loss or damage arising out of his liability to take responsible care of the Goods he is strongly recommended to keep the Goods comprehensively insured against all risks for their replacement value.
B. In the event of an incident that renders the vehicle a write-off or subject to an insurance claim, it is mandatory, immediately a claim is submitted, for the Hirer to disclose and inform their respective insurance company that the vehicle is the subject to a Hire Purchase agreement with the Owner and the insurance company is authorised and instructed to issue cheques in payment of claims arising under the policy in the joint names of the policy holder and the owner, i.e. Finance For You Ltd.

17. Owner’s Grant of Security over the Goods
In order to finance its business, the Owner has entered into secured financing arrangements with National Westminster Bank PLC and BCI Finance Limited (“BCI”) and related companies (to include their transferees and assignees and such other lenders which may accede to such financing arrangements from time to time) whereby the Owner has granted a charge and related security over and in respect of the Goods in favour of National Westminster Bank PLC (acting in its capacity as security trustee for itself and certain other secured parties from time to time). For the purpose of section 74(1)(b) of the Consumer Credit Act 1995, such charge and related security is hereby disclosed to the Hirer.

It is hereby declared that no statement contained in this agreement or on the Goods or in any document relating to the Goods or on any container shall in any way prejudice the contractual rights which the Hirer enjoys by virtue of sections 74,75 and 77 of the Consumer Credit Act, 1995

18. Gain a comprehensive understanding of our interest rate and get a glimpse of example 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.

Other Fees:

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.

19. Commission Payments Explained

Finance For You Ltd (FFY) offer Hire Purchase services via a range of regulated credit intermediaries, including Irish Vehicle Dealerships and credit intermediary brokerage firms with whom we have commercial agreements in place. FFY pays these associated regulated credit intermediaries a commission payment as a remuneration for the work completed on behalf of the customer and this firm. The commission payments are a fixed once-off percentage of the finance amount secured for the customer. For example: Loan amount €10,000, commission paid is between €300 to €400. Loan amount €6000, commission paid is between €180 to €240. 

FFY provides this commission disclosure before customers enter into any credit agreements with this firm, so that any potential customers are fully informed and have all the required and relevant information in advance of entering into any credit agreement with this firm.

FFY can also confirm that the firm never has used discretionary commission agreements, our regulated credit intermediaries are paid a set-fixed commission payment. The amount of commission we pay to our intermediaries does not have any effect on the amount or rate of interest you pay to this firm under your credit agreement.