We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Buying a car money transfer card ?

Options
2»

Comments

  • MEM62
    MEM62 Posts: 5,322 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: 431 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Remember that pre-approved does not guarantee you will be accepted for the card 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.