Thinking Of Changing Your Car??

Before going shopping for a car, decide how much you are prepared to spend on a car and not just the monthly repayments.

In particular if you are thinking of buying a used car, be aware of the dangers and temptations of leaving the garage with a brand new car and a debt that you hadn’t planned on!

The monthly repayment may sound attractive and affordable and may even appear less than a typical personal loan.

The garage will make it quick and easy to arrange finance once you have placed a small deposit.

The main difference between a PCP and a Car loan from First South is, with a Car loan from First South Credit Union you own the car immediately!

With a PCP contract, you don’t own the car! you are essentially hiring the car for an agreed period of time, typically between 3 to 5 years.

You will only own the car if you pay the Guaranteed Minimum Future Value (GMFV)

The GMFV is a large, final payment that you must pay to own the car at the end of the contract and it is subject to terms and conditions, including the condition of the car and any mileage restrictions agreed in the contract.

With a Car loan from First South Credit Union, you will OWN your car immediately.

Advantages of Borrowing from First South Credit Union

When you receive a loan from us you will find many advantages in comparison to other institutions:

  • Interest will be payable on the reducing balance of the loan
  • No Early Redemption Penalties
  • Your loan application will be dealt with strictly on its own merits
  • Your repayments will be tailored to meet your own personal circumstances
  • Your loan will be insured at no direct cost to yourself (Subject to terms and conditions. Certain limits apply)
  • No hidden fees or charges


The repayment schedule can be adjusted to meet your own changing circumstances if necessary.




Re-Opening on Saturdays
No-Tricks Car Loan
€50 One-4-All giveaway