Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Fairy star
    • By Fairy star 13th Oct 16, 9:09 PM
    • 1Posts
    • 0Thanks
    Fairy star
    0% credit card help
    • #1
    • 13th Oct 16, 9:09 PM
    0% credit card help 13th Oct 16 at 9:09 PM
    Looking to use a 0% credit card to purchase a car. Approx value of £10k. What would be the minimum monthly repayments roughly? Then at the end of the term I'd want to transfer the balance to another 0% car - is this possible? Thanks
Page 1
    • Dobbibill
    • By Dobbibill 13th Oct 16, 9:15 PM
    • 2,179 Posts
    • 3,312 Thanks
    Dobbibill
    • #2
    • 13th Oct 16, 9:15 PM
    • #2
    • 13th Oct 16, 9:15 PM
    It depends which card you get. Some are 1% of the balance.

    You would need to see in the T&Cs how the minimum payment is calculated for your particular card.
    • zx81
    • By zx81 13th Oct 16, 9:27 PM
    • 12,516 Posts
    • 12,681 Thanks
    zx81
    • #3
    • 13th Oct 16, 9:27 PM
    • #3
    • 13th Oct 16, 9:27 PM
    The highest is probably 2.5℅ of balance, so quite a range.

    Don't forget to check the dealer's fee.
    • MallyGirl
    • By MallyGirl 14th Oct 16, 9:57 AM
    • 1,761 Posts
    • 6,071 Thanks
    MallyGirl
    • #4
    • 14th Oct 16, 9:57 AM
    • #4
    • 14th Oct 16, 9:57 AM
    they may charge you up to 3% fee to accept a credit card
    • YorkshireBoy
    • By YorkshireBoy 14th Oct 16, 10:35 AM
    • 29,201 Posts
    • 16,999 Thanks
    YorkshireBoy
    • #5
    • 14th Oct 16, 10:35 AM
    • #5
    • 14th Oct 16, 10:35 AM
    Looking to use a 0% credit card to purchase a car. Approx value of £10k. What would be the minimum monthly repayments roughly? Then at the end of the term I'd want to transfer the balance to another 0% car - is this possible? Thanks
    Originally posted by Fairy star
    The basic nature of your questions would indicate you've never had a credit card before? If that's the case, a £10K limit might be a little optimistic...unless you've a very high income.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

192Posts Today

1,263Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin