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Buying a car money transfer card ?

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Comments

  • MEM62
    MEM62 Posts: 5,357 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    chriz1 said:
    I'm trying to work out the best and cheapest way to buy a Car which will be from a dealer. The car in question is £25k I have a an excellent credit rating and have been pre approved for a few loans with an intrest of 6.2%.


    Just a left field thought.  Take an estimate of what that car will be worth in a years time and add that to the total interest you will pay against the loan. Look at what that is going to coast you and see if is still just as attractive a proposition.  The depreciation cannot be avoided but going for a car that you can afford (as in pay for cash) at least means you avoid the interest.  
  • gbhxu
    gbhxu Posts: 432 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Remember that pre-approved does not guarantee you will be accepted for the card 
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