Ford Options or Personal Loan?

tripleh_2

Can I hijack this thread for my own question please. I have today looked to purchase a Ford Smax. I was quoted to pay a lump sum deposit and then pay the remainder after 2 years. I would be charged 4.8% APR on the remainder. They said if I did it that way I would get the £800 back too. Would it pay me to put the final payment into a bank account/savings/ISA with a better rate than what I will be paying back? If so what is the equivalent to 4.8%APR in AER? I hope that makes sense to someone!

Lemonade_Pockets

I think this is right but somebody might be able to confirm (savings aren't my strong point)

AER and APR (i.e. the amount of interest earned or charged per year) should be the same unless there are any additional setup fees etc as these are included in the APR calculation.