North County Leader

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Progressive CU Has The Key To Your New Car

Are you planning to upgrade your car in the upcoming weeks or months? If you are purchasing a new or used car, Progressive Credit Union could be the key.

The car market offers many options for financing your new car and too often with the excitement of the purchase, the full terms of your finance is not considered. Many people will opt to roll-on their existing PCPs to finance the purchase of a new car. Others will face a final balloon payment, to buy out of the contract, but maybe it’s time to burst that balloon. Crucially, with a PCP you are also restricted with what you do while you are still ‘hiring’ the car. Should your financial circumstances change and you find you can no longer afford the monthly repayments; you cannot sell off the car to pay your debt, as it is not yours to sell.

In contrast, with a personal loan from Progressive Credit Union, the consumer simply borrows the money to pay for a car, which they own immediately, and which they can drive as much as they please, and sell on at any time they wish. If you arrange finance with Progressive Credit Union before going shopping for a car, you are in a much stronger position. You are effectively going as a cash buyer to the car dealer, and may well be able to negotiate a better deal. They also offer car insurance, through the credit union insurance website coveru.ie.

Progressive Credit Union has branches in the North County in Balbriggan, Skerries, Rush, Donabate and Swords River Valley, along with branches in Glasnevin and Baldoyle.

So if you are a member or are planning to join, think about bursting that balloon payment, and consider Progressive Credit Union. For more information, please contact their lending team by phoning 01 8411348 or emailing info@progressivecu.ie