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Cheapest way to borrow £8500 for a car

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Comments

  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Even if this is a shiny new car, those five years contain three MOTs

    If it is a shiny new car the five years will contain one MOT, not three.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • chalkie99
    chalkie99 Posts: 1,618 Forumite
    Part of the Furniture Combo Breaker
    iolanthe07 wrote: »
    Even if this is a shiny new car, those five years contain three MOTs

    If it is a shiny new car the five years will contain one MOT, not three.

    Nope - It needs an MOT on it's 3rd birthday, another on it's 4th and, unless it passes another on it's 5th then it is practically worthless.
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Oops! Sorry. I only ever keep a car for its first three years. (Not very money saving I know).
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • Thx for all the advice . . some of it utterly useless . . but hey thats trolls for ya

    Turned out my bank (Barclays) turned out to be the cheapest source
    That there north
  • Apples2
    Apples2 Posts: 6,442 Forumite
    Thx for all the advice . . some of it utterly useless .
    As is your input to your own thread.

    So what did you end up with? What APR did you get? how did it compare with the Dealers offerings?
    How much is the car balanced against how much you are going to pay for it?
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Thx for all the advice . . some of it utterly useless . . but hey thats trolls for ya
    To be honest, your post was so vague and meaningless I'm amazed you got any answers at all.

    You provided eff all information, didn't respond to anything for a fortnight and then wonder why you get useless output?

    Think about it.
  • molerat
    molerat Posts: 36,086 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Quite honestly a 5 year finance deal for a car is ridiculous. Most people want rid after much less than that and end up with a car that is worth less than the outstanding loan and nothing to put towards the next one. 3 years is a much more sensible period which could give a year or more of saving up the payments for a deposit on a replacement. IMHO once past 3 years the total payback amount starts to look silly but too many people are mesmerised by the shiny bit of tin on wheels to stop and think.
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