(Large) Car Loan

willowgarth

I currently have £47,000 on car finance with Paragon paying 9.2% APR over 5 years. I am looking for a better deal if one exists - any thoughts?

pvsol

Try https://www.pvsol.net

gibby

sounds like my mate - 70 K on a porsche something or other for his girlfirend

but Im sure he paid cash


its a bit silly to finance this sort of purchase


gibby

Stonk

Stupid taking on so much debt to pay for a car.

"I drive a Porsche."

"Yes, but wouldn't you rather *own* a Porsche?"

JonSimmonds

Its my dream to own a porsche, the only way ill ever own one though is by buying one that needs alot of work and TLC to restore it, once I get a hosue with a garage, thats what ill be doing!

Anyway taken this thread off topic so sorry!

fatboyonadiet

Such a large amount would be a struggle, would have to be a secured loan which have a higher APR, maybe 2 unsecured loads? Think you can get about 6% at the moment. Or maybe using Life of Balance credit cards but you would struggle to get a limit that high, actually probably near on impossible, unless you already have a collection of cards handy?