Can I make my PCP any cheaper? Does any company do interest only loans?

IAMIAM

Took out PCP for 24k, 10k GMFV, GMFV due August 2029. 9%

Overpaid loan by 14k, 10k GMFV left, paying monthly interest of around £74 which will equate to 3.5k and then pay 10k in 2029 (probably trade in)

Can I get this 3.5k halved to by finding a better rate than 9%, I presume not....I do not want to take out a money transsfer card or a cheaper loan, i prefer the £75 a month payment instead of a £200 a month payment....

Although I was thinking of a money transfer card and then a balance transfer card for 4 years, but it would equate to two lots of 3.5% fees and much higher monthly payments (2.5% and 5%) from what I have seen out there...

Isthisforreal99

So, where are you getting the £10k from in 2029 to pay the GMFV.

Makes zero sense to pay the interest of £74 pm if you can get a loan to settle the £10k, you will pay a lot less in the long run with a loan at say 6% APR......and no, you won't get an interest only personal loan.

retiredbanker1

Can you apply for a money transfer credit card? If the limit is high enough you could pay off the loan now but you have to be 100% certain that you can repay the credit card before the 0% runs out AND you have funds to pay off the balloon payment.