Consumer Hire Purchase

Important information

• You bear the risks and rewards associated with ownership.
• Hire Purchase agreements are subject to the requirements and protections of the Consumer Credit Act 1995 and sections of The Consumer Protection Code 2012.
• Documentation Fee of €63.33 will be charged with the first repayment and an additional Purchase Fee of €63.33 payable with the final repayment. Additional fees may apply for early repayment of a fixed rate agreement or if an account falls into arrears.
• The vehicle is owned by PTSB Asset Finance until all of the instalments and the purchase instalment has been paid. You will need to insure and maintain the vehicle.
• Should you wish to end the agreement early, PTSB Asset Finance can provide you with an early termination figure. You should seek independent advice to determine if this product is suitable for you. Available to over 18s only. Republic of Ireland only. Fees and charges apply. Lending criteria, terms and conditions apply. Subject to credit approval.
• This product is not applicable to business consumers. If you are a business customer looking for Hire Purchase, click here to view our business product.
• PTSB Asset Finance may also pay commission to Motor Dealers (acting as Credit Intermediaries) for new business finance originated through them.

  You may end your Agreement by giving notice to PTSB Asset Finance.
  
  You can then either:

  • Purchase the car at the amount calculated within the Termination section of your finance Agreement; or

  • Paying any instalments that are in arrears at the time of your notice and a settlement figure. The amount of the settlement figure will depend on how much you have already paid in instalments. How this is calculated is detailed within the Termination section of the Agreement.