Finance for a car Is it better to get a loan ( ie. bank, tesco, egg e.t.c) OR take the Finance the car garages offer. I know this is very dependant on the individual deals but in general terms is it not better for bartering if you have the cash to buy the car up front, plus you own the car out right. Especially with no trade in ??? Help
A Credit Card with such a limit might be out of reach for the average Message Board Munter. Bank Loans nealry always offer better rates than Car Dealers. Try Cahoot but rates have gone up by 4% in the last 8 months. Expect to pay around 8%
Cheers, I could get that limit on a VISA but doubt I could be arsed or confident enough of transfering a balance of that size around. Egg are offering 7.2%, as are Tesco.
All lenders "offer" rates about the % but the rate you get goes from YOUR credit rating. If you havent got a good rating you could get as high as 11% you only find out by applying. For flexable payback and rates you cant beat Cahoot. TRUST ME.
I've had couple of cahoot loans ans they were spot on- pay the minimum each month but can overpay as much as you like and have payment holidays etc.
a cahoot loan is the same as a bank account you can add and withdraw what you want. and pay as little/more as you want
No you arent - its a credit card remember, you will just have a balance that you have to make minimum payments on each month. The rate on the card would revert to the lenders standard rate - which could be anything from 10-20% The chances of NOT being able to get another 0% card then transferring across are very low. And failing that you could just get a loan from the bank at this stage and you've saved yourself 9 months of interest payments. Alternatively you could look for a finance deal with 0% finance for a certain length of time - then reverts to a rate which is comparable to a credit card one. Remember that car dealers usually offer really crap rates and deals to the average idiot who ends up getting a car at 99 quid a month till they are 70 years old - so it pays to shop around of course. The credit card 'trick' is great for people who are good with self control and playing the system against itself - you cant lose as long as you stick to a few rules.
lloyds were doing loans at 6.9% last month, don't think you need-be an existing lloyds customer either.
just got a loan for mine and bought it in one go finance normaly charges you extra in the intrest shop around for intrest rates, think im paying about 7%
