New car! - Loan or credit card???

Lol123_2

I have just bought my sisters car off of her for £2000. IT's quite a new C2 so this is a total bargin! I feel a bit begrudged to take a loan out for it as (with the interest added on) it may not end up being such a bargin?! I wondered if it would be possible to use a 0% credit card and then just pay that off (i have a very good credit history). Is this possible? How would I go about it? Thank you!!!

immoral_angeluk

Lol123 wrote: »

I have just bought my sisters car off of her for £2000. IT's quite a new C2 so this is a total bargin! I feel a bit begrudged to take a loan out for it as (with the interest added on) it may not end up being such a bargin?! I wondered if it would be possible to use a 0% credit card and then just pay that off (i have a very good credit history). Is this possible? How would I go about it? Thank you!!!

If you can get a 0% card with that high a limit and can pay it off within the 0% period then yes, it is feasible. However, whether you can depends on your circumstances and how likely you are to be A) accepted and given that high a limit.

How much do you earn?
How much debt and available credit do you have already?

Gordon_Hose

Take whichever gives you the least interest. If you can get a 0% credit card then do that, but make sue you pay off the £2k before the 0% deal runs out.