Car allowance loan

nocredit

Hello All,

Here is a questi

Xbigman

Have you worked for the company for more than 2 years? If not choose the option you can get out of without ending in debt.

If more than 2 years then your job is more secure and you can look at all the options. My friend reckons the free serving etc is valuable with the NMCA option *if* the £300 covers the whole monthly cost of the car. But if you end up with with, say, a £400 payment then its not cheap.

Personally I would prefer the £250 option and just run my current car. I view it as virtually free money.
Regards


X

JonathanA

Personally I'd always take the option where I could own the car outright. If you take the £250 / month are there any restrictions on the type of car you have to run or its age? If not, have you already got a car? You could just carry on running that. If you haven't got a car, you could find a low rate personal loan, buy a reasonable car for a good price & use the difference to fund on-going running costs

nocredit

Thanks for the comments guys.