CompleteCar

Renault and Dacia to offer used car PCP

Second hand finance product includes 4.9 per cent interest and low deposit.

Doubtless looking to capture some custom from those who are currently thinking of importing a second hand car from the UK, Renault Ireland and Dacia Ireland have launched a new used car PCP product, that could put a new-to-you car on your driveway for as little as €29 per week.

4.9 per cent APR

Just as with a new car PCP, you pay a deposit (which can be as low as seven per cent of the cost of the car), set aside some of the value to be covered by a Guaranteed Minimum Future Value (GMFV) and finance the rest. That finance comes at a reasonable 4.9 per cent APR cost, and of course it means that the residual value of your car is locked in for three years.

The PCP product is offered through the Renault Selection approved used second hand programme, which has already - through the Renault Bank - loaned out some €40-million to Irish used car buyers this year alone.

Renault Selection Programme

The Selection programme covers all its used cars with a two-year warranty and roadside assistance, makes sure they come with a full history and background check, and are held to a "Buy Today - Drive Today" standard. "This ensures customers receive only the highest-quality product, and when a customer purchases a used car, it's ready to go to its new home the same day" says Renault.

On top of that, if something disastrous occurs within the first 30 days or 1,000km (an irreparable fault we mean) then you can bring the car back and swap it for one of similar value.

From €29 per week

Speaking of value, that's the whole idea here. That €29 per week price is the rough-guide cost of a 2016 Renault Clio under the programme. Up that to €39 a week, and you could be in a Captur, while €49 a week should get you a Kadjar - both also from 2016.

PCP Conditions

Now, the only word of warning we would sound is that PCP deals are not like normal used car deals, and there will be condition and mileage limits to ensure that you will get your GMFV value at the end of the three years - in other words, you have to look after the car a bit more strictly than you might be used to.

Sales events

That aside, Renault will be holding Selection sales events at its nationwide dealerships from Tuesday the 1st to Saturday the 5th of October, and the 4.9 per cent APR offer is valid through till the 31st of October.

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Published on September 3, 2019