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Best Place for a 5k loan???

carlm1984
carlm1984 Posts: 317 Forumite
Hi All,

Im looking at buying a new car which is gonna cost me 10k. What im thinking is using 5k of my savings and getting a 5k loan.
Now ive never got a loan before and never really heard much about them. I was just wondering where people would say is the best place for me to get the loan i need with the lowest apr. Im looking to hopefully pay the 5k back between 2 to 3 years.

If anyone can help id be very greatful

Comments

  • geoffky
    geoffky Posts: 6,835 Forumite
    IN these uncertain times where there are going to be lots and lots of redundancies and lay offs would it not be better to think about buying a 5k car and then you will be safe from worry and stress thats the way i would go with the way things are..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • hopeful17_2
    hopeful17_2 Posts: 237 Forumite
    i totally agree geoffky. at the moment loan aprs are around 10-15% for around that amount. They dont want to borrow money to anyone. buy a £2k car (as no one has any money now is the time to get a bargin)and save the rest "incase"
    :T
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