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New car!!! - Loan or credit card
Lol123_2
Posts: 2 Newbie
in Credit cards
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? OR would a low interst loan just be better??? Thank you!!!
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Comments
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How will you pay your sister with a 0% credit card, or do you mean do a balance transfer from her card?
I would personally take the loan out, so you don't have to rely on Balance transfer offers, however if you have a few cards with thos offers on and can pay it off within that specified time, then probably opt for them.0 -
If your sister does accept credit cards, I think you need to be asking her some questions......0
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Some of the credit cards will let you do a balance transfer to your current account.
Just get a loan or even overdraft and pay it asap, interest shouldn't be too bad.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Saving up, rather than borrowing, is the most cost effective way.0
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you mean you bought it off her, not off of her?
do an iou.
if she refuses to her own sister, id say theres something wrong with the car...Target Savings by end 2009: 20,000
current savings: 20,500 (target hit yippee!)
Debts: 8000 (student loan so doesnt count)
new target savings by Feb 2010: 30,0000
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