First Active recently updated its motor insurance product with new loan rates, an updated website and other consumer incentives. One of the most useful website features is a car loan calculator.
So, if thoughts of a new or used car are on your mind but you are unsure if you can afford it, search for First Active's website: http://www.firstactive.ie/carloan/index.html.
The page allows consumers to enter specific car loan details including amount of the loan, term and loan type. Users may also add in repayment protection if desired.
According to the calculator, a fixed rate, £10,000 (€12,697.38) loan over four years costs £245 per month. If repayment protection is included the price increases to £261.80 monthly. Similarly, a variable rate loan with First Active for the same amount and term costs £245.10 and £261.10 with repayment protection.
As a limited offer, First Active is giving motor loan customers a small cheque towards their road tax. Cheque values differ depending on the amount of the car loan. Loans of between £2,500 and £4,999 receive £25 towards road tax; £5,000 to £10,000, £50; £12,000 to £15,999, £75; £16,000 plus receive £100.
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