Gross new lending for car purchase was €2.1 billion over the past twelve months, the largest amount of new lending recorded since the series began. Non-PCP hire purchase agreements were the main driver of the increase in new lending
- The Central Bank of Ireland, August 2019
The number of motor cars could be reduced, if the Government really wanted to do it, by capping car loans for petrol and diesel vehicles.
Instead, they prefer the more trendy and coffers-friendly solution of carbon taxes.
