New Kitchen - Loan, Credit Card or other

timg147

Morning all,
I have been on the site for a while but not posted much.
Anyway we need a new kitchen, ours was tired when we moved in and now 12 years later appliances are dying etc so we need to get this done.
We have been round a few on the national companies (wren, magnet) and they are talking serious money, ikea are more reasonable but have limited options. All the above are just dry fit - everything has to be there in the right place for them.
We have found a local shop that will do what we want (rather than make what the nationals have fit). He can do everything - electrics, plastering (inc a couple of other bits we want doing), and the flooring (kitchen and Living room).
Now the bad bit - whats the best way to finance this - we need to pay a deposit, a payment part way through the install and final balance on completion. We know a couple of people that have had kitchens fitted by him so he comes by recommendation.
Both me and my better half have credit cards with small balances left that we could pay off before the install starts. We would therefore have plenty of available credit on the cards should we need it.
Another thing - I have 3 credit card that have zero balances and I haven't used for ages - should I cancel these?
Apart from personal loans / credit cards are there another other options? Or how would people approach it - obviously using a credit card for a part of it would give us some protection should anything go wrong.

[Deleted User]

The lowest cost option would be the best option.

But that depends on your circumstances - what you can get and the payback period.

0% cards mean no interest but only if paid off within the promo period, unless you can refinance. And of course, you need to be able to get them in the first place.

Start by calculating how long it would take you to save the full amount.

Nebulous2

A small company installer may well do a better job, at a better cost, than a big chain but it is also very possible that he won’t take credit cards. If that is the case you may need a money transfer card.

You need to work out what you can afford, over how long and possibly look at a personal loan as well as credit cards.

[Deleted User]

I would look at two things 1) does he accept cc? if so I would pay £100 on a cc 2)depending on how much you need and your credit history you might get a loan for around 3% apr

ratrace

I would just save up for it but if i was really desperate i would buy a used one from fleebay and have it fitted for a fraction of the price of new and after a few years of saving buy a new one thats the only way i reccomend



my kitchen is very old and bad all i do every summer over a weekend is give it a lick of white paint for about £30 and just save every month into a kitchen fund, i am of the opinion that if i can afford the monthly payments then i can put that money in savings and save a load of intrtest, my dryer packed up not so long ago i just bought a used one of gumtree for £50 and its workig fine just thought i would give you a mse point of view may not be want you want to hear

enthusiasticsaver

The cheapest option is the best.

So using savings would be my preferred option.
Second option is 0% credit card if kitchen company takes credit cards or 0% money transfer card.
Low cost personal loan would be my third best option.