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Enjoy a new electric car or plug in hybrid.

With our competitive loan rate* for new electric cars and SEAI grants, we'll make it affordable to drive electric.

Why buy an electric or plug in hybrid car?

To pollute less, reduce motoring costs and drive the latest technology, go electric! Electric and plug in hybrid cars are cheaper to buy, fuel and maintain.

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Motoring costs

74% cheaper than comparable new diesel cars**

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Up to €5,000 for new cars and €600 for a charger unit

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Lowest road tax

Annual road tax of €120

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Toll discounts

50% for electric and 25% for plug in hybrid vehicles

How do I pay for an electric car?

Calculate electric car loan repayments


Repayments on a loan of over would be

per month
Fixed interest rate from % APR
Total amount repayable €

Our interest rates

Loans from Fixed interest rate APR
€20,000+ 7.7% - 13.2% 8.0% - 14.0%

The interest rate you pay is determined by your loan amount, financial profile and credit history once your application has been reviewed.

What electric car grants are available?

List Price of Car Grant
€14,000 to €15,000 €2,000
€15,000 to €16,000 €2,500
€16,000 to €17,000 €3,000
€17,000 to €18,000 €3,500
€18,000 to €19,000 €4,000
€19,000 to €20,000 €4,500
More than €20,000 €5,000
Home Charger Grant €600

Things to know

* Lending criteria, terms and conditions apply. Rates and loan terms are correct as of 29 July 2020 and are subject to change. Source: Rate is dependent on your financial profile and credit history. Maximum APR (Annual Percentage Rate) is 14.0%. Minimum loan term is 1 year and maximum term is 7 years for Electric Car loans. On a €20,000 loan over 5 years, at a fixed nominal rate of 7.7% (8.0% APR) you will pay €402.66 a month. Total cost of credit €4,159.75. Total amount repayable €24,159.75.

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Warning: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

Central Bank Compliance

Avantcard DAC trading as Avant Money is regulated by the Central Bank of Ireland

An Post acts as a credit intermediary on behalf of Avantcard DAC. An Post trading as An Post Money is authorised as a credit intermediary by the CCPC.

Avantcard DAC trading as Avant Money is regulated by the Central Bank of Ireland. Avantcard DAC is a designated activity company incorporated in Ireland under number 541980 and having its registered office at Dublin Road, Carrick-on-Shannon, Co Leitrim.

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