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Will an Irish bank loan me money to buy an NI automobile?

Can I get a automobile loan from an Irish bank to buy a automobile from a dealer in Northern Ireland?

Filed under importing - Asked by Emmet Moore - Fri, 30 May 2014 21:48


Neil Briscoe Answered by: - -

Answer

Hi Emmet,

The general consensus seems to be yes, but make sure you ask beforehand. each of banks seems to have slightly and subtly different policies when it comes to issuing loans (and not just for this specific circumstance). More than 25,000 automobiles have been imported to Ireland since the start of the year, so clearly, people are getting loans to buy them and bring them in, and it's an entirely normal procedure. Your bank may ask for some additional guarantees or similar, but as long as you check with them first on their precise policies, you should be absolutely fine.

By the way, you may want to check out our guide to importing automobiles from the UK while you're here.

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