Need £11,000 loan for a car

dfh

sparklygemster wrote: »

he has a credit card with HSBC...he has the direct debit option where it pays the full amount per month from his bank account...was a killer when we went to paris last year!!!

Some companies will levy a charge if you pay by credit card.Usually it is in the region of 3%.Still that will be lower than 10.9.But mind you,it has to be repaid within the zero percent period else you will be saddled with a crippling interest rate.

sparklygemster

LittleMissAspie wrote: »

As much as I think buying a brand new car is a complete waste of money, the OP isn't actually buying a new car. She's just trying to help her boyfriend out. There's no point having a go at the OP. If someone you loved was absolutely determined to take a loan for something and couldn't be talked out of it, wouldn't you try and help them find the lowest rate?

Exactly, thats all im trying to do, help him get it at the cheapest price possible

dgl1001

sparklygemster wrote: »

he can afford it, hes got the first years insurance in a seperate account!

....he's still living at home with mum and dad........ would it not be better if be gets a cheaper car and you both move in together?

davetrousers

Gemster, are you going to show this thread to your boyfriend to see what he makes of it?

flashy

wow 54 months, a seat will go wrong in that time and cost you alot, especially if you go for the new PD140/170 diesel engine and drive it hard, the fuel pumps are renound to fail and starve the front pump, costing mega bucks.

If you need a loan like that, you can;t afford it, simples.

sparklygemster

davetrousers wrote: »

Gemster, are you going to show this thread to your boyfriend to see what he makes of it?

hes been looking at it all the time....hes more p'eed off with the negative people than i am....if thats ever possible!!!!

dgl1001

sparklygemster wrote: »

btw....do you know how much he gets paid per month.....NO!!!!! SO WHAT MAKES YOU THINK HE CANT AFFORD IT???

I was trying to be helpful. Does he really want to be living at home for the next 5 years!!!

flashy

sparklygemster wrote: »

btw....do you know how much he gets paid per month.....NO!!!!! SO WHAT MAKES YOU THINK HE CANT AFFORD IT???

If he can afford more than £300 a month just for a car, why get a loan, can he not buy a car outright if he has enough money?

sparklygemster

flashy wrote: »

wow 54 months, a seat will go wrong in that time and cost you alot, especially if you go for the new PD140/170 diesel engine and drive it hard, the fuel pumps are renound to fail and starve the front pump, costing mega bucks.

If you need a loan like that, you can;t afford it, simples.

its not the 170, its the FR 2.0 TSI 211PS

sparklygemster

flashy wrote: »

If he can afford more than £300 a month just for a car, why get a loan, can he not buy a car outright if he has enough money?

THATS WHAT IM TRYING TO FIND OUT!!!

Is it cheaper to get he 10.9% from Seat or get a loan!!!!!