Balance Transfer a car loan

nickelsc

Hi, I've just discovered that a car finance deal I took out 2 years ago has 11% APR when I thought it was 5% so I'm looking for a credit card that will let me transfer the balance to a 0% deal, preferably for at least 24 months as that's how long I have left on the finance. Are there any credit cards that will let me do this? Thanks!

YorkshireBoy

nickelsc wrote: »

Hi, I've just discovered that a car finance deal I took out 2 years ago has 11% APR when I thought it was 5%

5% 'fixed rate' equates to around 11% 'APR'.

Car salesmen will often quote 'fixed rate' (can you see why? ), but at the end of the day the agreement you sign HAS to state the 'APR'. Read it more closely next time.

so I'm looking for a credit card that will let me transfer the balance to a 0% deal, preferably for at least 24 months as that's how long I have left on the finance. Are there any credit cards that will let me do this? Thanks!

http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

Further cards here...

http://www.stoozing.com/credit-cards/super-balance-transfers.php

nickelsc

Thanks, I won't make that mistake again! The daft thing is it was the finance deal we negotiated on as he was being a bit tight with the part exchange amount he was offering me so I thought I'd got a better deal than if I'd just taken a loan. Even more annoyed it's taken me 2 years to find out! You're right though, my paperwork for the car does state both figures, I just didn't notice it.