Getting a car loan when you've recently had credit

RedBetter

Herzlos wrote: »

You wouldn't have to withdraw more than your annual ISA allowance (£20k), which means it'd take you 2 years to put the money back in and may prevent you saving more.


Will the car dealer not offer you finance at somewhere between Halifax's 3% and Amigos 49.9%?
Assuming you're overpaying it at over £2k/month and will have it clear within a year, the interest should be negligible.


It may be that people don't want to lend to you because you paid the Tesco one off so quickly, because there's no money in it.

I wouldn't be overpaying it, I'd be paying the minimum and paying full interest for 2 years or so. Not taking any money at all out of ISA for reasons stated above