Financing your new car with MB Motors

What is Hire Purchase?

A Hire Purchase (HP) agreement is a credit agreement which allows you to spread the cost of buying your new car over a period of time, rather than paying for it all in one go.

When you have decided on your new car, you usually agree to an upfront deposit amount (normally between 10% – 30% of the car’s price) which is followed by your monthly repayments over the term you have selected.

When your HP agreement comes to an end (and all your payments have been made) you become the legal owner of the car.

Advantages of Hire Purchase?

  1. Simple to apply. Here at MB Motors, we are an authorised credit intermediary. We work with several lenders to ensure you can get behind the wheel of your new car in a simple, affordable, and straightforward way.
  2. Your choice of car is much more varied. You will be able to access newer, higher specification cars as you are able to spread the cost over a period of time and not have to pay all in one go.
  3. You can spread the cost of your new car. With a Hire Purchase agreement, you are spreading the cost over a fixed term, which you can select based on your monthly budget. Your monthly repayment is flexible in that you can pay a larger deposit to reduce your monthly repayments.
  4. Your interest rate is fixed. The interest rate will be fixed for the duration of your agreement so you know exactly what your repayments will be which will allow you to budget accordingly. This is especially attractive with today’s economic situation of rising interest rates.
  5. There are fewer restrictions. Unlike leasing or Personal Contract Plans (PCP), there are no milage or conditional restrictions with Hire Purchase agreements which leaves you in control.

How do I apply?

Once you have picked out your new car with our sales team, our Business Manager will guide you through the finance application process. You can also apply online via our website

Did you know you can receive finance approval in as little as two hours!


Car Finance Application

* Indicates required fieldWhat happens if I fill in the form?

Contact Details Step 1 of 3

  • Make:
  • Model:
  • Year:
  • Mileage:
  • Retail Price: ---

Finance Calculator Step 2 of 3

Retail Price:

repayments of ---


  • Finance Type: Hire Purchase
  • Retail Price:
  • Your Deposit:
  • Finance Amount:
  • APR:
  • Minimum Deposit Percentage:
  • Document Fee: 75.00
  • Completion Fee: 75.00
  • Term:
  • Total Cost of Credit:
  • Total Amount Payable:
  • Representative APR:
  • Monthly Repayments:

Finance Config

  • name: Finance Ireland
  • rate: 11.20
  • higherRate: 11.20
  • lowerRate: 8.95
  • depositPercentage: 10
  • lowerDepositPercentage: 10.00
  • higherDepositPercentage: 20.00
  • minCarValue: 6000.00
  • lowerMinPrice: 4000.00
  • lowerMinYear: 7
  • higherMinPrice: 4000.00
  • higherMinYear: 11
  • minCarYear: 10
  • roundedMonthlyPrice: 0
  • providerID: 1
  • showWeeklyPrice: 1
  • showMonthlyPrice: 1
  • showFinance: 0
  • repaymentTerms: 0
  • CIfinanceFlag: 1
  • customRate: 8.90
  • customDepositPer: 10
  • providerImage:
  • showRepApr: 1
  • showStdApr: 1
  • documentFeeText: Document Fee
  • documentFeeAmount: 75.00
  • completionFeeText: Completion Fee
  • completionFeeAmount: 75.00
  • financeFormHeader: Car Finance Application
  • calWarningText:
  • hirePurchaseText: Hire Purchase
  • financeHoverMessage: Hire Purchase is a traditional form of car finance which is structured to suit your budget with fixed monthly payments throughout the agreement. At the end of the agreement and once the final payment is made, you then own the car. Other finance offers may be available, please visit the Competition and Consumer Protection Commission website for independent advice on the product.
  • whatHappensForm:
  • hasCustomDepositPercentage: 1
  • hasCustomRate: 1
  • apr_asterix:

Personal Details

Employment Details

Loan Details

Data Protection and Consents

Warning! if you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, (which maylimit your ability to access credit in the future).


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Motor Finance is arranged by Finance Ireland Credit Solutions DAC t/a Finance Ireland Motor & Leasing and Polestar Financial Services (“we”/”us”). 


In assessing your application, we may use your personal data to assess your ability to make the repayments under the motor finance agreement and to perform a credit check on you with the Central Credit Register. The Central Credit Registry will keep a record of our enquiry about you. 

The information you provide will be transferred to and stored on a secure server in the European Economic Area (“EEA”). You can find further information about how and why we use your personal data and the rights that you have in relation to it, including details of the Credit Reference Agencies from whom we obtain, and to whom we pass information about you at .


NOTICE: Under the Credit Reporting Act 2013 lenders are required to provide personal and credit information for credit applications and credit agreements of €500 and above to the Central Credit Register. This information will be held on the Central Credit Register and may be used by other lenders when making decisions on your credit applications and credit agreements.


The Central Credit Register is owned and operated by the Central Bank of Ireland. For more information, including on how your data is processed, see .

version : 1.3 form : 6580594