0% Credit card or loan? Help!

iAMaLONDONER

gracewiltshire wrote: »

Hi
I wonder if anyone can help me or give me some advice.. I'm not very money-savvy and have never had a loan or a credit card as I've never needed one.

I need to borrow £2000 to pay for a car by next week. What are the best options?
I've looked into loans and found that my chances of getting one seem to be quite low and the ones I am eligible for the APR is very high even if I spread the cost over 3 - 4 years.. One loan wanted £75 per month for 3 years and I'd be paying a whopping £800+ interest on my £2000 loan!

My friend mentioned that there are 0% credit cards now for up to 16 months but when I looked into it, it was made very clear not to use them to pay off things as they are for short term spending.

I am so confused as to what is the best option and no matter how much good advice I read on here none of it seems to be making much sense to me.

Is it worth speaking to someone at my bank for advice?

I'm not sure if its worth pointing out that I am a 21 year old home owner with full time employment and paid (moderately) well.


Thankyou in advance

Grace

So what happened?