Loan..good idea??

Express123

..........

Express123

Hi, i would really appreciate a 2nd opinion on my idea?
I am thinking ahead to 3-4yrs from now to buy a car.
I am 42, self employed as a chauffeur & have been for the past 22yrs so obv a car is the main tool for my trade.
My problem is credit. I am kind of old fashioned regarding debt & apart from a car i have never had any other debt or credit until recently. If i needed anything, i would simply save for it 1st. I do not have bad credit history, i have no credit history. For the past 20yrs, my Dad has got me car finance in his name due to the fact he is a home owner & was able to get much better rates, ie 6-7% apr.
I have never missed any payments or anything so all has gone well on that score but as my Dad is now in his late 60's & i'm thinking this is the last time he will be able to get me the finance. I bought a car last week so i'm sorted for the next couple of yrs.
This has been on my mind for several months so in January i applied for 2 credit cards & was accepted for both, Natwest £1250 (my bank) & Nationwide £2500. I spend £12k on fuel p/a & around 3-4k on servicing & repairs so the idea is to use the cards for this & pay off in full each month to build up some kind of credit for the future.
So here is the bit i want some advice on... I applied & have been accepted in principle for a bank loan from Natwest for £5k, i do not need this money right now, it is purley in preparation for a £10k loan i would need in 3-4yrs torwards a car. Am i right in thinking if i got this loan & paid it off on time with no problems, i would be in good stead or better for a larger loan in the future with a better apr?.
The £5k loan would be over 2yrs at 19.9%. I know it seems a waste paying £1k interest but the way i see it is i've saved that several times over the yrs having cheapish apr rates through my Dad but its time to stand on my own two feet!.
I have no mortgage, no debt & around 12k in savings which i am constantly building up torwards my next car but the finance of around 10-15k is always needed for the remainder of the car purchase as i usually spend around 35k.
Even though i have good solid contracts, i am hearing lots of horror stories from other owner drivers about the banks not willing to lend for business use so that is why i am not relying on the business loan idea & more torwards the personal loan.
BTW i will not be touching the loan if i am accepted.
Hope this makes some sense...

[Deleted User]

There's no need to go paying for loans you don't need. Use your credit cards wisely (spend and pay off in full each month, as you plan to), and you should be in good stead for a loan later down the line.

Keep everything else up to date as well - electoral roll, keep within your limit, etc.