First Citizen Finance has introduced First Citizen Abacus, a new App that offers prospective car buyers the ability to obtain a finance quotation using a smartphone or other mobile device.

The App has been designed to assist those seeking finance in the Irish market for a new or used car and for existing customers of First Citizen Finance, who wish to utilise the in-App Customer Service features.

Once registered as a user, just three pieces of information are required to obtain instant finance quotes over 3, 4 or 5 years, depending on the age of the vehicle being financed. The user must provide the year of the vehicle they are interested in, the name of the SIMI / approved motor dealership and finally their monthly budget, or finance amount required. Once this information is entered, the quote results are displayed - including monthly payment, weekly equivalent and cost of credit. The current interest rate offered by First Citizen Finance on its Hire Purchase Agreement is 7.9% APR (fixed).

The user chooses one preferred result in-App and is presented with an option to connect with their local First Citizen Finance Advisor, who will take them through the rest of the process. Chris Hanlon, Managing Director, First Citizen Finance, is excited about the introduction of the new App: “It’s a very useful tool for car buyers as they search the market for the best finance options. Furthermore, the in-App ‘Engine Room’ area is equally valuable for existing customers with us, as they can benefit from additional features, such as changing a due date on their account. It’s a very exciting development.”

First Citizen Abacus is free to download and is now available on the iOS, Android and Windows stores.