Motor Finance Legal & Regulatory Information


Important Regulatory Notices

Warning: You may have to pay charges if you pay off a hire-purchase agreement or consumer-hire agreement early.
Warning: If you do not meet the repayments on your hire-purchase agreement or consumer-hire agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

Schedule of existing charges as of January 2023

The table below details the full list of existing charges for consumer products offered by Finance Ireland Motor & Leasing as of January 2023.
Description of Fee / Charge Name Fee currently applied Frequency of fee
Documentation Fee €75 Collected with first monthly instalment
Completion Fee €75 Collected with last monthly instalment
Excess kilometre fee 15c per km in excess of agreed annual km On return of vehicle
Early settlement fee Equivalent of three months’ interest Upon early settlement of agreement
Unpaid instalment €20 Per unpaid instalment
Default letter €15 To account when a notice of default is issued
Arrears letter €15 Posted to account when a notice of default is issued
Termination notice €30 Posted to account when a Termination notice is issued
Penalty Interest 2% Late payment interest accrued daily on any arrears balance
Direct Debit cancellation fee €18 If a Direct Debit is cancelled without advising ourselves
Payment Method Change €32 If we agree to change the customers payment method
Payment Date Change €24 If we agree to change the customers payment method
Documentation request charge Up to €30 If a customer requests a copy of documentation
Agreement Transfer Charge €60 If we agree to transfer the customers agreement
Administration (unit loading) fee €25 +VAT On unit loading
Unit sale out of trust fee €50 +VAT Per failure to notify
Unpaid DD €50 +VAT Unpaid item
Interest on Late Payment Base Rate plus 8% When in arrears
Administration support fee €25 +VAT Per support arrangement