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Personal Loan or add to mortgage?
I'm currently in the process of buying a new car. I will need a loan to do this and I have a good credit history. What do you think is the best way of raising the cash...obtain a personal bank loan (interest currently c.8%) or taking out more money on the back of my mortgage, which will reduce the monthly repayment rate? Any advice gratefully received!
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Comments
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A loan you will pay back in a few years, a mortgage will be paid back in about 15yrs (or whatever you have)
How many cars are you going to get through before your mortgage finishes?? you will be paying for this one until that time.0
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