19 June 2026
Upgrading your Car this July... New or Nearly New?
Are you considering a car upgrade this July? Are you deciding between new or nearly new options?
As a valued member of First Tech Credit Union, we want to help you make the best decision for your needs and budget.
In this article, we’ll explore the benefits of both brand new and nearly new cars, so you can drive away with confidence.
The Allure of Brand New!
- Latest Technology and Features: Brand new cars often come equipped with the most advanced technology, including cutting-edge safety features, infotainment systems and improved fuel efficiency. This can enhance the driving experience and provide greater convenience.
- Full Warranty: New cars typically come with a comprehensive manufacturer’s warranty, covering repairs and maintenance for the first few years. This provides peace of mind and reduces potential unexpected costs.
- Customisation Options: Purchasing a brand new car allows buyers to customise their vehicle to fit their specific preferences, from choosing the colour, interior materials or accessory packages.
- Excitement of Ownership: There’s often an emotional appeal associated with owning a brand new car. The intoxicating ‘new car smell’, zero mileage and pristine mechanics can create a sense of pride and satisfaction for many car buyers. It can also represent a fresh start or a new chapter in life.
These factors combine to make the prospect of buying a brand new car an enticing option for many consumers.
Smart Savings with Nearly New Cars!
- Significant Savings: Nearly new cars (often referred to as ‘used’ or ‘pre-owned’) can provide substantial savings compared to brand new models. You can often find vehicles that are just a year or two old, with low mileage and still in excellent condition.
- Depreciation Advantage: New cars lose a significant portion of their value within the first few years. By purchasing a nearly new car, buyers avoid the steepest depreciation, making it a financially savvy choice.
- Variety of Options: The nearly new market offers a broader range of makes and models. This allows buyers to find vehicles that may no longer be available as new options.
- Established Reliability: Many nearly new cars come with a track record of performance and reliability, as they have already been on the road. Buyers can research reviews and reliability ratings before making a purchase.
These advantages make nearly new cars an appealing option for other car buyers who want a reliable vehicle without the higher costs associated with brand new models.
Financing your Dream Car
Whether you decide to go with a brand new or nearly new car, First Tech’s Car Loan will help you fund the purchase. It comes with a competitive rate of just 6.9% APR*, easy repayment options and loan protection insurance at no extra cost.
Get Started Today!
If you’re ready to explore your options or have any questions, we’re here to assist you. Call us today on 01 642 7900 and we’ll help you hit the road in style.
*Lending Criteria Terms & Conditions Apply.
| *APR = Annual Percentage Rate. The Representative Example below is based on a typical APR. |
| Representative Example: A typical Car Loan of €25,000 over a term of 5 years with an interest rate of 6.9% APR* would mean that you would make 60 monthly repayments of €491. The cost of credit would be €4,478 and the total amount repayable would be €29,478. |
| **Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future. |
