See all Motoring AdviceAs we welcome the start of another year, it’s not just resolutions on people’s minds – it’s also the excitement of driving away in a shiny new car with that coveted New Year registration. But before you get behind the wheel of your new 252, there’s some groundwork to do. From choosing the right vehicle to securing finance and preparing for insurance, here’s everything you need to know to have your new car ready to collect in the New Year.
Secure Your Finance
Okay, we know this isn't the fun part, but sorting finance before you start looking at those Porsches and Audis will save you time and heartache in the long run.
Understand your options: Financing a car in Ireland can be done through several methods including personal loans, hire purchase (HP) agreements and personal contract plans (PCPs). PCPs are particularly popular on new cars, offering relatively low monthly repayments with an optional balloon payment at the end. Compare rates and terms from lenders such as banks, credit unions and dealership finance providers. Several car makers have their own inhouse banks that can offer low interest rates, too.
Preapproval is key: Get preapproved for finance. This way, you know exactly how much you can spend, and it speeds up the process when it’s time to sign on the dotted line. With preapproved finance in place, you also have better bargaining power with dealerships.
Shop around: Don’t just go with the first finance offer. Use comparison websites to find competitive rates, or speak to your local credit union, which often provides competitive terms for car loans.
Do Your Research Early
The car market in Ireland gets busy around the New Year as demand spikes for new registrations. This year (2024), January 18 was the most popular day for searching for new cars, the week before payday. So, starting your research before the New Year is a good idea.
Decide on your budget: Be realistic about how much you can afford—if you've followed our advice, you'll already know how much you can spend. You should factor in not only the purchase price but ongoing costs such as insurance, motor tax and fuel.
Choose the right car: Finding the perfect car starts with understanding your needs and lifestyle. Consider how you’ll use the car—whether for commuting, family trips, or long-distance travel—and think about fuel type, boot space (will you be packing pushchairs or golf clubs?) and passenger capacity (do you need to fit three baby seats in the back?).
Take it for a test drive: Once you’ve narrowed your options, take the time to test drive a few models. Pay attention to comfort, visibility and performance to ensure the car feels right for you. Check reviews and reliability ratings for expert insights, and if buying from a dealership, ask about warranties and service options.
Lock Down Your Insurance
You won’t be able to drive your new car away from the showroom without insurance. Sorting this in advance will save you a last-minute scramble.
Get a quote early: Use comparison websites or go directly to insurers to get quotes. If you’re upgrading your current car, let your insurer know – they may offer a loyalty discount.
Leverage no-claims bonuses: A strong no-claims history can lower your premium significantly. If you’re a new driver, ask about discounts for adding an experienced named driver to your policy.
Prepare for Motor Tax
Motor tax in Ireland is based on CO2 emissions for cars registered after 2008, so it’s essential to know how much you’ll need to pay annually. If you’re buying an EV, you’ll be pleased to know they attract a lower motor tax rate – just €120 per year.
Check your tax bracket: Calculate the motor tax for your chosen model using the Irish Motor Tax website before committing to a car.
Set up an account: Register with your local authority or use the Motor Tax online system to make paying motor tax seamless once your new car is ready.
Order Your Car Early
January and February are peak times for car purchases in Ireland, so if you’re eyeing a specific make or model, don’t delay. Dealerships operate on a first-come, first-served basis, and popular models may have waiting lists.
Reserve your car: Once you’ve decided, place your order. Most dealerships in Ireland allow you to reserve online or in person with a deposit.
Consider customisations: If you want extras such as leather seats, advanced tech packages, or specific colours, allow for additional lead time. These can sometimes take weeks, even months, to arrive.
Plan Your Collection Day
Your new car is ready to collect – now what?
Inspect thoroughly: Before driving off, check the car for any scratches or issues. Ensure all features work as promised and that you’ve been provided with an owner’s manual and a spare key.
Sort documentation: The dealership should give you proof of registration, VRT (Vehicle Registration Tax) receipt and details for sorting out the motor tax.
Celebrate safely: Collecting a new car is exciting, but don’t let the thrill distract you. Familiarise yourself with the controls, set up any in-car tech and adjust the mirrors before heading off.
Enjoy the Open Road
Once everything’s in place, it’s time to take it for a spin. Whether cruising through the city or testing it on the back roads, driving your new car in January is a fresh start for the New Year.