We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Smart way to finance a car
Comments
-
TrustyOven wrote: »On the face of it, I agree with you.
But after thinking about it, why would such a person be buying bonds of the same price as the car?
Why not 5 * the price of the car? Or however much is needed so that the bond payments meet the loan interest payments.
Yes that would work but that's not what the article suggests. It doesn't say "he takes 5 x the money" it says "he takes the money".0 -
Yes that would work but that's not what the article suggests. It doesn't say "he takes 5 x the money" it says "he takes the money".
Indeed, you are correct.Goals
Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)0 -
If the car is something like a Mercedes the manufactures discount can be secured with a £3000 HP loan paid over two years with interest of around £165 paid.
This would allow you to borrow any remaining sum from where ever you like.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards