05 January 2026
New Year, New Car: What to Know Before Buying in 2026
Start Fresh with North West Credit Union
If you’re thinking about upgrading your car in 2026, now is the perfect time to start planning. January is traditionally when drivers search for better deals, review the latest models, and look at their finance options for the year ahead. Whether you’re considering a brand-new vehicle or a reliable used car, understanding your choices can help you save money and make a confident decision.
At North West Credit Union, we help members across the North West access affordable car loans, flexible repayments, and trusted support. And remember that no deposits, hidden conditions or balloon payments are needed when you apply for a loan with us
The 2026 Car Market: What’s New This Year
The car market continues to stabilise, with more models available and competitive pricing across dealerships. Drivers now have strong options across petrol, diesel, hybrid, and electric cars, with improved technology and better value than ever. Motoring Matters has a comprehensive list of cars being introduced in 2026.
Top Features to Look for in 2026 Cars
Modern vehicles are packed with new technology designed to improve comfort, safety, and efficiency. When comparing models, keep an eye out for:
- Enhanced driver-assistance systems
- Updated infotainment and connectivity
- Improved fuel efficiency or longer electric range
- Modern interiors with digital displays
- Comfort features like heated seats, advanced climate control, and quiet cabins
These features can improve day-to-day driving while adding value to your purchase.
Which Fuel Type Is Right for You?
Choosing the right engine or power source is key:
- Petrol: Good for everyday local trips
- Diesel: Best for long-distance drivers
- Hybrid: Smooth, efficient, and ideal for mixed driving
- Electric: Low running costs and zero tailpipe emissions
Many North West Credit Union members ask which option saves the most money. The answer depends on your driving habits, and we can help you compare costs when you apply for a car loan.
According to SIMI (December 2025), petrol accounted for 25.14% of the market, electric for 19.79%, petrol/plug-in hybrids for 22.51%, and diesel for 17.1%.
Setting a Realistic Car Budget for 2026
Before you start browsing, outline what you can comfortably afford. Consider:
- Your deposit
- Monthly repayment budget
- Insurance and servicing costs
- Fuel or charging expenses
- Road tax
- Trade-in value of your current vehicle
A North West Credit Union car loan offers fair rates, flexible terms, and no hidden fees, making budgeting for your new car much easier.
New or Used: Which Is Better in 2026?
Both have strong advantages:
New Cars
- Latest tech
- Full manufacturer warranty
- Lower maintenance in early years
Used Cars
- Cheaper purchase price
- Lower depreciation
- Larger selection within your budget
Whichever route you choose, North West Credit Union can help you finance your ideal car with affordable repayment options.
Don’t Skip the Test Drive
A test drive is essential. Pay attention to:
- Driving comfort
- Engine response
- Visibility
- Parking ease
- Noise levels
- Tech usability
Take your time; the right car should feel like a good fit immediately.
Finance Your 2026 Car the Smart Way
Dealership finance isn’t your only choice. Many buyers get a better deal by arranging a loan first with North West Credit Union. You’ll benefit from:
- Competitive interest rates
- Flexible repayment terms
- No early repayment penalties
- Decisions made locally by people who understand your needs
- No balloon payments or mileage restrictions, unlike other finance options
- We offer three different rates depending on the type of car you are looking for:
- Petrol / Diesel: 8.75% Interest Rate and 9.11% APR
- Hybrid: 6.9% Interest Rate and 7.12% APR
- Electric: 5% Interest Rate and 5.12% APR
In fact, having your financing arranged up front can even help you negotiate a better price at the dealership.
Start 2026 with the Car You Really Want
A new year is a great time for a fresh start, and that includes upgrading your car. Whether you're looking for something economical, family-friendly, or feature-packed, North West Credit Union is here to help you get behind the wheel confidently and affordably.
Apply for a North West Credit Union car loan today and drive into 2026 with confidence.
North West Credit Union Limited is Regulated by the Central Bank of Ireland.
