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car and loan an overdraft
Katrina-trying_to_save!?!
Posts: 179 Forumite
i have a car loan as seen below where i pay 90quid a mth, my o/d limit in 500 but sometimes allows me 2 go over with phonebills and such.my bank allows me 2 have a 1500o/d would i be better to take the o/d and pay off the loan than resort to paying off my o/d....
advise please as i rlly wanna be a TRUE moneysaver...
ta, people x. :j
advise please as i rlly wanna be a TRUE moneysaver...
ta, people x. :j
Hi, my names katrina and I'm a spendaholic!? Trying to save!?! still havent managed it!! 
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Comments
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my overdrft is interest free and for my car loan of £2000 i pay £100 interst within the 2 years...Hi, my names katrina and I'm a spendaholic!? Trying to save!?! still havent managed it!!0
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im not sure what the last comment meant?? im near a gd situation or not? forgive my ignorance x.Hi, my names katrina and I'm a spendaholic!? Trying to save!?! still havent managed it!!0
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might be a good idea to pay off a lrage chunk of your car loan (if no early repayment penalties)with the overdraft (say £750) and leave the remaining £750 just in case you go over any time (theres always something thats forgotten) .First home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!0
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