Can I buy by direct debit?

Can I buy by direct debit?

Can i buy a car by direct debit?

Our answer:

Hi Eva,

Sort of, but not directly. What generally happens is that you set up a credit or finance agreement to buy a car, which can take the form of a personal bank loan, a Personal Contract Purchase plan (PCP) or a hire-purchase agreement. The repayments for all of those would come, via a direct debit, from your bank account.

Shane O'Donoghue

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