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Credit card cheque or loan
mops1
Posts: 9 Forumite
in Credit cards
I have the chance to purchase a vehicle for around £2000 from a family member (quite abit below cars worth).
I am unsure as to write a credit card cheque (virgin) for the amount and then shift the amount with approx £1000 spending from another card onto a long term balance transfer card. This would offer the chance to pay of sooner as should be in a position to over pay what loan repayments would be.
Or should I get a £3000 loan out over 2/3 years and be committed to repaying over that time.
Last but not least - get my old banger fixed and keep driving it and fixing it everytime it goes wrong.
Peoples thoughts would be great.
I am unsure as to write a credit card cheque (virgin) for the amount and then shift the amount with approx £1000 spending from another card onto a long term balance transfer card. This would offer the chance to pay of sooner as should be in a position to over pay what loan repayments would be.
Or should I get a £3000 loan out over 2/3 years and be committed to repaying over that time.
Last but not least - get my old banger fixed and keep driving it and fixing it everytime it goes wrong.
Peoples thoughts would be great.
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