Loan or Credit Card?

Kizzn

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?

~Beanie~

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.

tealady

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