We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Car - Loan vs PCP vs Lease
TornSoldier
Posts: 72 Forumite
I have had my car for over 10 years and has reached mileage of 184k. I am very bad at changing stuff, but i think it would be better than to pay for frequent services. Plus, the bodywork has started to wear off. After searching at various places, I required your help on the following
1) Autotrader vs local dealer?
2) Personal Loan (4%) vs PCP (Not sure what is the advantage except the fact I could return it or keep it towards the end, higher APR) vs Lease (same APR as PCP)
I already have a mortgage and a couple monthly payments.
I wonder if I am falling into loan traps where my income would just disappear in monthly payments. at the moment I think I will have few 100s left after the car.
Appreciate your guidance
1) Autotrader vs local dealer?
2) Personal Loan (4%) vs PCP (Not sure what is the advantage except the fact I could return it or keep it towards the end, higher APR) vs Lease (same APR as PCP)
I already have a mortgage and a couple monthly payments.
I wonder if I am falling into loan traps where my income would just disappear in monthly payments. at the moment I think I will have few 100s left after the car.
Appreciate your guidance
0
Comments
-
What savings do you have? And how much do you save each month?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards