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.
£2,000 loan needed for caravan
Seen a camper van on ebay will try to bid for it up to £2,000 inclusive of the insurance it will need, so all in £2,000 who is the best to go with, I am will Lloyds tsb,secured, unsecured, I know nothing about loans any help would be greatly appreciated.
0
Comments
-
Just been on money supermarket and they recommend as the cheapest Representative example: If you borrow £2,000 over 2 years at a Representative APR of 12.2% variable, a £120 arrangement fee and 1.00% credit rate fee and an annual interest rate of 4.7% you would pay:
RateSetter Lenders 12.2% £93.74£250£2,250 is that any good should I take that one?
What does a 1% credit rate fee mean is that more money to pay? I HAVE TO PAY £120 for admin is it then £2,250 P ay back in total or £2,250 plus £120 plus whatever the 1% admin fee thing means?0 -
You are committing £2000 to buy something you haven't seen:eek:Try to be a rainbow in someone's cloud.0
-
Representative example: If you borrow £2,000 over 2 years at a Representative APR of 18.9% fixed and an annual interest rate of 18.9% you would pay:
Santander UK plc 18.9% £99.30£383£2,383
Alliance and santander are both the same and do not seem to charge me admin and 1% is that better but then the APR is much higher?0 -
What if you do not win the auction?Thinking critically since 1996....0
-
What if you win the action and cant get the loan ?0
-
I know a bit about camper vans having had a long experience of them. I would be very wary of buying one at only 2 grand, especially off e-bay. Don't forget that the photographs will flatter and the reality may well disappoint; at least see it and try it first, and have it looked over by someone who knows about these things. I hope you have some money saved up for repairs and maintenance.I used to think that good grammar is important, but now I know that good wine is importanter.0
-
I was thinking 2 grand for a camper sounded very cheap. What is it? A transit with an old mattress in the back?
Sounds like madness to me.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Save up then buy one! There always about and much better saving the money up than taking on a loan for something that is not a neccessity!0
This discussion has been closed.
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.5K Work, Benefits & Business
- 615.3K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards