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Car Loan Advice Wanted
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Hi all,
I took out a car loan in August 2005 borrowing £7,000 over 5 years. Apr wise it was 5.9%. I'm now able to pay around £5000 of this loan off and would like some advice as to what the best thing to do is.
I called up the finance company and they quoted a settlement figure of just under £7,000. Is it best to borrow a further £2,000 and pay the loan off?
Are there other options?
Thanks,
James.
I took out a car loan in August 2005 borrowing £7,000 over 5 years. Apr wise it was 5.9%. I'm now able to pay around £5000 of this loan off and would like some advice as to what the best thing to do is.
I called up the finance company and they quoted a settlement figure of just under £7,000. Is it best to borrow a further £2,000 and pay the loan off?
Are there other options?
Thanks,
James.
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