Finance penetration in Ireland for the first five months of 2013 was up 48% year-on-year for German car brand Audi.

Audi Ireland, which operates finance via Volkswagen Bank Ireland, wrote €30m (£25.43m) in finance on its vehicles from January to May, of which 65% was for new car purchases.

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In preparation for the new 132 registration period the company has also launched a 36-month PCP offer on A1, A3, A4, A6 and Q3 models ordered before 14 August with deposits of 10% or more. Across the models, typical APR stands at 3.9%, with monthly payments for A1s starting at €219, A3s at €279, A4s at €369, A6s at €429 and Q3s at €379.

Christian Gussen, managing director of Audi Ireland, said the brand’s PCP "has proven to be an extremely popular finance option for Irish motorists, accounting for 81% of all Audi Finance contracts undertaken by customers."

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