Using a loan for two purposes?

Jetfire

Hi all, i'd like to get a loan to consolidate my remaining credit cards (around 4.5k), but at the same time i'd also like to get a new car as my current one is on it's last legs and i don't want to chuck more money at it!
So, i'm looking at a loan of around 8k in total, however when you apply you have to state what the loan is for, and the choice is generally a one shot deal, so would you put debt consolidation, or car loan? Does it even matter?! I don't want individual loans for the two things since over 5k the interest rates are lower, so it makes more sense to have one single repayment amount at a lower interest rate. Is this possible or do you think i'm likely to run into issues?

Thanks in advance!

[Deleted User]

Generally, people who need to consolidate their debt can't afford any more debt.

What's your income and how much are you paying to your current debt? What rate is it at?

DCFC79

OP consolidation will only work if you close the cards and don't take out more credit ?

Could you do that ?

What if something breaks down and to fix it will require a credit card ?