Finance Levels Rise Again – now 14.3%


Vehicle data expert CARTELL.IE reports today (2nd January) that the proportion of vehicles offered for sale (across all years) with finance outstanding is 14.3% – up from 12.5% in July 2017 and 11.5% in January 2017. From a sample of over 5,906 vehicles offered for sale and checked via the website in 2017 it was found that overall levels of finance have increased 24.3% in 12 months since January and 51% in 18 months since June 2016 when the rate recorded was 9.5%.

Graph 1: Historic Percentages of Vehicles with Outstanding Finance checked on (Source: Carstat,

John Byrne, Legal and Public Relations Manager,, says:

In terms of the overall picture 14.3% of all vehicles checked with so far in 2017 have finance outstanding. This is up from 11.5% in January and 9.5% in June 2016. These are very significant jumps. To give you some idea where we are coming from the levels of finance outstanding was 7% in December 2014 meaning the rate has doubled in three years. A buyer is advised to check a vehicle for outstanding finance as the finance house owns the vehicle until the last payment has been made – the bottom line is that you can lose the vehicle.”


About was set up in 2006 to help buyers make an informed choice when buying a used vehicle – including imported vehicles – by providing a user-friendly and cost-effective vehicle data checking service. is a totally independent company and fully Irish owned.

For further information please contact John Byrne on 087 4199018 or at john at or check out  for further information.

Notes to Editor

Table 1: Historic Percentages of Vehicles with Outstanding Finance checked on (Source: Carstat,

Period Percentage
Jul-08 16.35
Feb-09 17.05
Mar-09 17.02
Apr-09 16.57
Jun-09 17.31
Jul-09 16.14
Jan-10 15.95
Jan-11 12.83
Jan-12 11.41
Jul-12 11.24
Nov-12 9.28
Jan-13 10.07
Jun-13 8.21
Nov-13 7.52
Jan-14 8.99
Jul-14 7.84
Dec-14 7.01
Jan-15 8.29
Mar-15 9.11
Jun-16 9.50
Jan-17 11.50
Jul-17 12.50
Dec-17 14.30