Credit card or loan?

doctorsmudge

Hello all,
new to this and generally ignorant of the subject. I tend to be a cash in hand type of person, so please be gentle with me.

I need to purchase a vehicle at short notice. I have £5k in cash, maybe a little more and I would like another £5k in addition, I would repay any loan over 2 years. I am a home owner, I earn over £45K a year, I have a credit card with no debt on it.

I've just been looking at bank loans, some of the interest rates are a joke. I have access to £8k interest free on my card but can you make a private purchase on a 0% credit card?

In short, whats the cheapest and easiest way to borrow £5K for a private purchase?

Regards

[Deleted User]

Possibly a money transfer card, wherby you could put the money into your bank account and pay from there, for a 4% ish fee.

Or a loan at the lower end of around 6%.

But both options depend you having a good credit rating, which you may not have if you tend not to use credit.