5% is a terrible rate.
Car financing question
- Thread starter Dyson
- Start date
Did I say it wasn't?
I said I usually use Zopa or similar. I last used Zopa 6 years ago for my current car so still have the app on my phone with current rates.
I then stated I got a lower rate than 10%.
I didn't say it was a good rate.
Id always use comparison sites to find the best deal, turned out Zopa was 5 years ago.
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Soldato
What a laughably ironic post.
Soldato
Not sure if it helps or not but Toyota and Lexus do 4.9% on used cars if you can't get a loan for a better rate.
Soldato
Careful with such suggestions, someone will be along shortly to flex and tell us that you have failed at life if you can't get at least 0% loans from financial institutions for a second hand car purchase. Such is the way of these threads.
They pay me to use their money and I get a Learjet thrown in.
And a boat
Big one, with a BBQ and pool on the back
Soldato
I don't think so pal
Soldato
Awesome. Says the chap who can’t afford to run his poor man’s Merc!
Accepting donations if you're offering?
Soldato
Accepting donations if you're offering?
Im not.
How else will you learn to control money and increase your credit score? Keep going. With time, effort and a lot of luck you may one day be able to afford the fast one.
Aspirational Chrysler 300c owner right here. If only I could find one who'd accept my poor man's MercIm not.
How else will you learn to control money and increase your credit score? Keep going. With time, effort and a lot of luck you may one day be able to afford the fast one.
Soldato
Aspirational Chrysler 300c owner right here. If only I could find one who'd accept my poor man's Merc
If only. You can live the dream through others I’m sure.
Soldato
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See if you can pay in gucci belts assuming you're a top earnerAspirational Chrysler 300c owner right here. If only I could find one who'd accept my poor man's Merc
.
Soldato
If I had £10K available for a car purchase I'd just buy something used for the £10K and live free of monthly payments and being a slave to debt. Maybe I'm just old fashioned.
Anyone gone down the loan route?
Usually one to buy outright.
Thinking of doing half and half, half cash and finance rest.
Cars about 16.5K thanks to inflated post prices, didn’t plan to spend that much but had my eye on this particular car I’ve seen for a while.
Planning to put 8k up maybe and finance the rest, looked online cheapest rate - although not guaranteed is 2.9% for about 8-9K.
Could raid my savings and put the whole 16.5K up but rather not personally.
If was a few grand cheaper I would’ve.
Usually one to buy outright.
Thinking of doing half and half, half cash and finance rest.
Cars about 16.5K thanks to inflated post prices, didn’t plan to spend that much but had my eye on this particular car I’ve seen for a while.
Planning to put 8k up maybe and finance the rest, looked online cheapest rate - although not guaranteed is 2.9% for about 8-9K.
Could raid my savings and put the whole 16.5K up but rather not personally.
If was a few grand cheaper I would’ve.
Yeah lots of folk on here. ChrisD just did a post about another hybrid approach where you can get a loan against a 0% balance transfer card too.
Soldato
Comments like that are taboo in motors.
It’s the sort of thing I would say.
Soldato
It is a fair comment, and a lot can be said about owning the car in full.
It’s nice to not have a debt hanging over you.
Owned my first car in full but everything since has been part cash part loan. I don’t mind, as I’ve owned a couple of nice vehicles but as I say, it is nice to know you own it.