Irish motorists can now choose from a greater range of car-finance options than ever before but, for many, a standard bank loan is the preferred choice.
Séamus O Tighearnaigh, secretary general of the Irish Finance Houses Association, said car financing trends differed across countries. In the US, for example, 95 per cent of all cars are leased and viewed as commodities.
In Ireland, ownership is as important in the car market as in housing....
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