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Credit union car loans and pension credit

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Thejagman
Thejagman Posts: 68 Forumite
in Loans
Hi I am currently on pension credit and looking for a car loan of £4000.00 I have a credit union savings account and regularly add to my savings. My current car is worth about £2000.00 as a trade in,so I am not looking to borrow the full sale price of the car. I have had a small £500.00 loan from the credit union that was paid off early last year. I am trying to avoid the high APR car loans as I would want to pay the loan off as quickly as my finances would allow. Credit union loan would allow me to do this without incurring any penalties.

Anyone got any ideas or experiences to share on this.
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