Best way to finance £28k

hiohaa

bit of background - have a secure job in a very safe industry, and my monthly spare cash ranges from 900-1200 a month, after all my outgoings.

so i want to treat myself to a fancy car. I could save up for 4 years and pay in cash, but life is frankly too short. I've no debts outstanding, and i've checked out my credit score, its as high as it can be.

The car in question is 38k, and i want to buy it on hire purchase. I can put down a deposit anywhere between 7-12k, obviously the higher the deposit the lower my monthly payments.

I'm currently thinking of putting in 6k of my money, 4k for my old car, then 5k on a 0% credit card for 30 months, and use all that £15k as the deposit, so i'd be then borrowing 23k @ 5.9% APR from BMW, over 4 years.
It says monthly payments would then be £565 which i can easily afford each month.

Is there a better way though?
could i borrow say 23k from sainsburys bank at 3%, + putting 5k on a 0% credit card?

or would getting the 0% credit card impact the rate i could get on a bank loan?

i can't think of any other combinations or possibilities, just wondering if anyone else knows other financing methods or brokers who could get potentially an even better deal.

thanks

[Deleted User]

What's your income?

What's your credit history like?

Ignore your made up score.

[Deleted User]

38k for a car? ekkkk.
Our first 2 houses didn't cost that combined, having said that isn't there a cheaper car? As zx says ignore your credit score theres no such thing, its history that matters.

CHR15

I thought you were going to keep your current car for 7-8years?

I guess a lot happens in the space of a year and you've only been in this job a Month.
https://forums.moneysavingexpert.com/discussion/comment/72007748#Comment_72007748

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DCFC79

My advice dont do it.

Whether you can get the rates you talk will depend on how lenders view your credit history.

[Deleted User]

Closed at OP's request