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Motorists borrowing more for cars but thousands seeking repayment breaks


MOTORISTS are borrowing more for cars - and PCPs deals are flourishing - despite the pandemic, new figures reveal.
But there is another side to the story as thousands who borrowed for a car have been hit hard by the economic effects of the virus and have had to seek repayment breaks.
The broad trends emerge in details of hundreds of millions of euro loaned by the financial arm of the biggest seller of vehicles in the country - the Volkswagen group.
The group accounts for more than a quarter of all new sales here. And last year it loaned just under €568m despite curtailed dealership opening due to pandemic lockdowns. The increase in the amount of finance, up from €565m in 2019, might at first glance appear to be a modest one. ....

Volkswagen Financial Services Ireland , Financial Services Ireland , Irish Independent , வோக்ஸ்வாகன் நிதி சேவைகள் ஐயர்ல்யாஂட் , நிதி சேவைகள் ஐயர்ல்யாஂட் , ஐரிஷ் சுயாதீனமான ,