We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
🔔 You've got till Monday to apply to become an MSE Forum Ambassador

New car! - Loan or credit card???

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!!!

Comments

  • 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 B) given that high a limit.

    How much do you earn?
    How much debt and available credit do you have already?
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • 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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.8K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.6K Spending & Discounts
  • 241.6K Work, Benefits & Business
  • 618.2K Mortgages, Homes & Bills
  • 175.9K Life & Family
  • 254.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.