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What should I do? (car loan help!)

MMG Posts: 97 Forumite

25 October 2006 at 8:21PM in Loans

Hey guys,

Took a loan of £4.5k (along with a trade in of 5.5k) on my car in July, through Ford Finance.

Paying about £205 a month for 2 years, without any big final payment or anything.

However, would it be better to get a personal loan, with a lower rate (my current rate is 8.0% APR, so that I own the car outright right now, and possibly lower my monthly payments?

Any advice would be appreciated!

This discussion has been closed.

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What should I do? (car loan help!)

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