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Best card for paying off car finance?
AlexKate88
Posts: 1 Newbie
in Credit cards
Hello everyone! I've just caught up with the Money Saving Expert programme and have just heard about money transfer credit cards. We have a car on finance with about £9,500 left, paying about £11,000 with interest. We want to pay it off early, just wondering if the money transfer cards are the best way of doing it? I don't think balance transfer is right because it's not on a credit card. Any help would be appreciated! Thank you 
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Comments
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Ask your car finance company if they accept credit cards, some do.
Then you could just get a 0% purchase card with the longest deal. MBNA tend to be the most generous with credit limits though I doubt you'd get a limit high enough when first applying.
If paying by credit card isn't an option then the 0% money transfer card will do but of course they'll charge a fee.0 -
You would also have to check that such a transaction isn't considered to be a cash withdrawal.Ask your car finance company if they accept credit cards, some do.
Then you could just get a 0% purchase card with the longest deal.loose does not rhyme with choose but lose does and is the word you meant to write.0
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