Frances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

Yes, but anybody who puts a lending product into the Irish market has a responsibility. This issue is now becoming more relevant because of the increase in car sales. These products are available. As the Deputy said, people can access finance in an easier way than before when they buy cars from garages. Given the improving economy, people want to change their cars and so on.

The Deputy has made a relevant point. It is an area that needs further examination. I will see what the Department of Finance has to say about it and whether figures can be collected in a way that is appropriate in respect of this issue. As I said to the Deputy, I recognise the potential risk for people in terms of debt and taking on debt that is unsustainable.

It is important that there is transparency. If regulation is needed, it should be put in place. As the Deputy said, this is an emerging area. I will ask the Minister to revert directly to the Deputy and see if figures can be gathered and an assessment can be made as to whether there is a problem that would put people at risk in terms of this product.

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