Paddy Burke (Fine Gael) | Oireachtas source

Many dealerships operate personal contract plans, PCPs, and the credit unions have an operation whereby they charge a percentage. In some places, it seems there are problems with PCPs or it can be envisaged that there could be problems down the road, such as that a car may not realise how much is owed on it at the finish. How do the credit unions compare to the programmes put in place by dealerships? Some of the dealerships charge 0% interest, others charge 3% or 4% and in other cases 1.5% is charged while credit unions charge 7% or 8%. Is there competition between dealerships and credit unions? Do credit unions also facilitate dealerships?