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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What should I do? (car loan help!)
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!
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!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards