Car loan with Santander but wanting to pay off quicker

sarah9999

Ok so I have a loan with Santander for a car. I am paying £99 a month and I have 38 payments left = £3762. I have kept all my payments up to date and can do so that isn't a problem. But I would like to be able to pay the debt off quicker but I can't afford to pay any more a month.

What are my options? 0% credit card?.

I can pay the loan off with no penalties I have already checked.

many thanks
Sarah

DCFC79

How about finding out if you can even use a CC to pay it off then look for a 0% card but then it depends if you could get a 0% card with a limit you need.

Just my take on it.

Apples2

How are you going to pay it off quicker if you can't pay any more?

It is unlikely you would get a £3.5k credit limit on a 0% card, more in the region of £500-£1000

Even if you did, not all will allow you to withdraw it in cash for free, you normally only get 0% on purchases so you would need one which offers super balance transfers.

Also factor in the 0% would not last forever. If you made minimum payments (1%) plus £25 on a £3.5k balance it would take you over 11 years to repay it.

http://www.moneysavingexpert.com/credit-cards/minimum-repayments-credit-card#results

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