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  • FIRST POST
    • abssorb
    • By abssorb 6th Mar 18, 12:53 PM
    • 37Posts
    • 4Thanks
    abssorb
    Best option forCar PCP Final Payment - Keeping car
    • #1
    • 6th Mar 18, 12:53 PM
    Best option forCar PCP Final Payment - Keeping car 6th Mar 18 at 12:53 PM

    I have a short PCP which is coming to an end, with a final payment of 12k and I've decided to keep the car.

    I could get a loan, but it's been suggested I might be able to use a 0% credit card. But I suspect that would be considered a cash advance and the rates might be tricky.

    Does anyone have any experience / suggestions please?
Page 1
    • zx81
    • By zx81 6th Mar 18, 12:54 PM
    • 16,788 Posts
    • 17,797 Thanks
    zx81
    • #2
    • 6th Mar 18, 12:54 PM
    • #2
    • 6th Mar 18, 12:54 PM
    I suspect the suggestion was to get a money transfer card and just pay the fee in return for the promo rate.
    • TadleyBaggie
    • By TadleyBaggie 6th Mar 18, 1:04 PM
    • 2,739 Posts
    • 2,076 Thanks
    TadleyBaggie
    • #3
    • 6th Mar 18, 1:04 PM
    • #3
    • 6th Mar 18, 1:04 PM
    I just settled a PCP agreement, they wouldn't accept debit or credit card, only a bank transfer.
    • abssorb
    • By abssorb 6th Mar 18, 5:42 PM
    • 37 Posts
    • 4 Thanks
    abssorb
    • #4
    • 6th Mar 18, 5:42 PM
    • #4
    • 6th Mar 18, 5:42 PM
    That's useful - thanks.
    • Penelopa.Pitstop
    • By Penelopa.Pitstop 6th Mar 18, 8:03 PM
    • 270 Posts
    • 114 Thanks
    Penelopa.Pitstop
    • #5
    • 6th Mar 18, 8:03 PM
    • #5
    • 6th Mar 18, 8:03 PM
    That's why money transfer to the account was recommended (at promotional 0% rate) and then you settle PCP with cash or debit card linked to your account.

    • liviboy
    • By liviboy 7th Mar 18, 9:19 AM
    • 413 Posts
    • 158 Thanks
    liviboy
    • #6
    • 7th Mar 18, 9:19 AM
    • #6
    • 7th Mar 18, 9:19 AM
    If you don't get a large enough offer on a money transfer card, I just settled my PCP in December with a loan from Zopa at 2.8%...they do a softsearch first.

    My wife settled hers with a loan at 2.8% with the AA (through Bank of Ireland) as Zopa offered her a rate of 8.9%.

    Both also offered cashback via Topcashback at the time of around 40-50 so worth checking (don't apply only because of the cashback - get the best rate loan!).
    • seatbeltnoob
    • By seatbeltnoob 7th Mar 18, 9:54 AM
    • 446 Posts
    • 107 Thanks
    seatbeltnoob
    • #7
    • 7th Mar 18, 9:54 AM
    • #7
    • 7th Mar 18, 9:54 AM
    To be honest, for 0% CC method. You'd needed to have stoozed the money beforehand.

    Not sure what your typical credit limits are, but mine is 5-7K and I would have needed to apply for 2 money tranfer cards at the same time which wouldn't have worked. The 2nd card would have been suspicious IMHO.
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