Got a 0% Credit Card for 13 months, need to buy a car....

[TW]Fox · 12 Jan 2011 at 21:19

DJMK4 said:
What would be the best way to approach this, since the card is from tesco, I dont want to give them the idea I am using this as a loophole to get a cash advance, shall I just say

"I would like to purchase some travellers cheques for my holiday, will these be included as a purchase (0% offer)"?

Yup.

DJMK4 · 12 Jan 2011 at 21:20

Sweet, thats that sorted then

Simon · 12 Jan 2011 at 21:25

How much is this car going to cost?

DJMK4 · 12 Jan 2011 at 21:34

Iv got a £5-6k budget,

I have

£1000 Savings (left over from something else)
VW Golf MK4 to sell, probably around £1.1k
Credit card

The Savings will be used to extend the card limit so I have a £6k budget, then on the sale of my current car, it will be going back on the card

[TW]Fox · 12 Jan 2011 at 21:46

You'll presumably have a grand or so left over right?

If not, lower your budget by £1k.

DJMK4 · 12 Jan 2011 at 21:50

[TW]Fox;18213751 said:
You'll presumably have a grand or so left over right?

If not, lower your budget by £1k.

Not seeing where your getting the grand from :confused:

[TW]Fox · 12 Jan 2011 at 21:53

DJMK4 said:
Not seeing where your getting the grand from

I'm not getting it from anywhere, I'm saying you should make sure you have a grand left.

Don't spend every penny to your name + a credit card on a car. You have to have some cash left over!

If you are maxing yourself out then £6k is too much to be spending on a car, spend a lot less.

DJMK4 · 12 Jan 2011 at 21:56

[TW]Fox;18213843 said:
I'm not getting it from anywhere, I'm saying you should make sure you have a grand left.

Don't spend every penny to your name + a credit card on a car. You have to have some cash left over!

Oh right yeh I know, my budget is £5k, if I see something that extra special I "May" push the boat out but yeh im not going to spend it all.

There seems to be lack of interest in my area and up to 40-60 miles though

really need to think about this one

Dont mind about the savings, after the purchase of the car ill be whacking £500 a month back in to savings so no biggy

Simon · 12 Jan 2011 at 21:58

£500 a month repayment then?

DJMK4 · 12 Jan 2011 at 22:15

Simon said:
£500 a month repayment then?

Could do if I wanted, I was going to do a few £500 a month into savings just to line my savings again, then ill probably cut that off and stick it back on the card until its clear