We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Car Loan
Options
runninglea
Posts: 907 Forumite
in Loans
At present I am 3 1/2 years into a finance deal for an 07 car. Reading the final settlement figures I have 18 months left at £254/ month and also a balloon payment of 4.5K at the end of the 5 years.
The car is running well so not likely to change at end of deal and expect to keep it.
In order to pay the balloon payment it will either have to be a loan or my other option is my self employed business overdraft which is 5.5% plus BR. Therefore 6% at present.
My overdraft is 10K and not using it at present.
What can anyone suggest?
The car is running well so not likely to change at end of deal and expect to keep it.
In order to pay the balloon payment it will either have to be a loan or my other option is my self employed business overdraft which is 5.5% plus BR. Therefore 6% at present.
My overdraft is 10K and not using it at present.
What can anyone suggest?
Year 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
.1%) (42/100) payments made. Total paid 2019 year £1,700
Total paid 2017 year £15,300Total paid 2018 year £13,600
.1%) (42/100) payments made. Total paid 2019 year £1,700
Total paid 2017 year £15,300Total paid 2018 year £13,600
0
Comments
-
what is your income?
you have an OD of 10,000?
and owe 9,072
any other debts?
what do your credit records say?0 -
debts as per signature.
My overdraft is set up to 10k but at present am not using it.Year 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
.1%) (42/100) payments made. Total paid 2019 year £1,700
Total paid 2017 year £15,300Total paid 2018 year £13,6000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards