PRESS RELEASE Vehicle data expert CARTELL.IE reports today (11th September) that the proportion of vehicles offered for sale (across all years) with finance outstanding is 17.5% – up from 16.6% in December 2018 and 11.5% in January 2017. Cartell.ie also reports that more vehicles for certain key registration years are being offered for sale with finance […]
PRESS RELEASE Vehicle data expert CARTELL.IE reports today (25 June 2015) that the proportion of vehicles offered for sale (across all years) with finance outstanding is 9.6%. The levels of finance in the market place are rising fast – the equivalent figure for December 2014 was 7% – marking a significant rise of almost 40%. […]
During the week it was reported that Mazda Ireland are now offering finance packages direct to consumers. This means Mazda join other vehicle manufacturers – Renault, BMW and Volkswagen – in affording the consumer an alternative to the High Street banks. Our recent data shows this development is having an impact on the market too: […]
Vehicle experts Completecar.ie rely on data provided by Used Car History Check experts Cartell to argue that manufacturer-own-banks are already impacting on the financial end of the car market in Ireland. In the wake of the fallout from Lehman Brothers and the consequent global turmoil as well as our own domestic banking problems – which are […]
The Irish Times today use statistics provided by Cartell on levels of finance Statistics published today by Used Car History Check experts Cartell.ie indicate that buyers have a 1 in 5 chance of purchasing a three year old or four year old vehicle with finance outstanding. From a sample of over 5906 vehicles offered for sale […]
CAR CLOCKING appears to be on the rise again according to Motor Trade Insider. In an article published online the group say the practice is widespread – and not just from spurious car dealers. The article says that while Guaranteed Future Values are linked, to a certain extent, to the mileage the buyer states they […]
Completecar.ie report on a new initiative called Direct Access to Credit Unions (DACU), a project set up by credit unions across Ireland to provide car loans to members and potential new members. The initiative, launched in January 2011, will see many credit unions around the country offer special car loan rates to their members. Commenting […]
The Grant family has been in the motor trade for 35 years. Michael Grant moved the companies operation to its current location in Santry in 1999. Cartell.ie stopped by for a chat about trading conditions for this months Trade Focus. “Business is up on last year” says Michael “but things are still far from where […]
Cartell.ie understands that Finance is a critical issue for consumers. This was always the case, even before the current economic downturn, but now, more than ever, customers are concerned that a vehicle they purchase may have finance outstanding on it from a previous owner. We’ve been highlighting this issue for some time based on our […]
Statistics published today by Cartell.ie indicate that buyers have a 1 in 4 chance of purchasing a two year old vehicle with finance outstanding. Unsurprisingly finance companies can and do repossess vehicles.
If you have bought a vehicle with outstanding finance, the likelihood is that you will be notified by the bank or institution with the financial interest, that they are seeking the return of the vehicle or remuneration of the amount owed. Once the collections department of the finance house has confiscated the vehicle, it becomes much more difficult for you to regain control.