We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Low Interest Rate vs Well Known Lender
TractorFactor
Posts: 140 Forumite
in Loans
The lowest interest rate is coming from RateSetter - a company I've never heard of.
A slightly higher one is available from Sainsbury's.
Borrowing £15,000 for a car (perhaps only £14,000 if the interest charge reduction seems worth it).
Should I pay slightly more interest and go with a well known company or go for the lowest interest charged and it come from a company I haven't really heard from?
A slightly higher one is available from Sainsbury's.
Borrowing £15,000 for a car (perhaps only £14,000 if the interest charge reduction seems worth it).
Should I pay slightly more interest and go with a well known company or go for the lowest interest charged and it come from a company I haven't really heard from?
0
Comments
-
You're the one borrowing the money, so provided it's from a regulated company rather than Larry the Loan Shark, why on earth would you care if it was a big name?1
-
Getting the best rates can be very competitive. Regardless of the advertised rate you might find yourself offered a higher one.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 597.9K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards