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Loan or Credit Card?

Kizzn
Kizzn Posts: 1 Newbie
in Loans
Hello everybody,

I'm looking for some money for a car.
I can buy the car for 1000pound deposit and the rest pay off monthly or pay everything in 1 3000pounds.
But now i'm not sure whats cheaper a credit card for 1000 pound or a loan for 3000? How can help me?

Comments

  • ~Beanie~
    ~Beanie~ Posts: 3,043 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If you pay the £2000 off monthly, will you be charged interest? Who will you be paying the monthly installments to, a garage or a family member? Can you afford to make monthly repayments and pay the credit card off as well?

    You need to work out how much interest you will be paying on each and what the monthly repayments will be.
    :p
  • tealady
    tealady Posts: 3,851 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    spam reported
    Find out who you are and do that on purpose (thanks to Owain Wyn Jones quoting Dolly Parton)
This discussion has been closed.
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