Silke
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Just get the cheapest fixed loan you can, look out for hidden charges and arrangement fees. Ask about them up front. Look at the total you have to pay back.
Pay back as quickly as you can. don't take a loan out which will last longer than the car. |
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Bluebudgie21
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they say a re-mortgage is the cheapest loan,But paying it back over say 25 years will cost a lot.id just get a bank loan,pay it off quicker! x |
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Andrew1968
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check out the interest rates and which ever of the one is the lowest and costing you the least to pay back then it stands to reason which one you should choose! |
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Harry Callaghan
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If you have a flexible/offset mortgage then use that. If you're talking about changing your mortgage arrangements then consider the lowest rate loan you can find instead.
If you only need a small amount for a short time and can DEFINITELY pay it off then try and get a credit card with 0% for purchases - you should be able to find at least 9months. This is higher risk and will cost you a lot more if you end up unable to pay it off thought. |
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Very c
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Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward<!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,
http://badcredits.awardspace.com/guaranteed-car-loan.htm
You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence-->you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender |
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chip2001
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If you can get it on your mortgage, it will be cheaper.
We did this a few years ago; the lender put it in a separate sub-account so we could see easily how much was left on that part of the loan, but we still got the mortgage interest rate which is well below any bank's loan rate.
Only disadvantage was that it took longer - we even had to have the Building Society surveyor come to value our house to ensure there was enough equity! |
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cottontail
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Loan from the bank. If you get the car on your mortgage then it will be secured on your property. This puts your home at greater risk if the worst should happen and you cant afford your payments. Much better to get unsecured loan for cars. |
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Paris U
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Dont touch loans, live by your means. You will eventually regret it. If only I had followed the advice given to me by a director at barclays which happens to be a friend of mine. This world is debt ridden and if you want to make it out on top dont follow the herd, I have debts which I have been paying since 2001 all because I wanted to get a nice car!! Usery should be abolished!!!!!!! |
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jopai
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either way you will pay more than if you paid in cash... just consider the terms of the two...the interest rate , how long your going to pay and if you are able to pay the monthly amortization... |
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JOHN B
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jopai has given you good advice. |
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enjoyinglife4ever
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A home equity loan is good,but depending on the incentive from the dealership you might get a loan at 3,4 or 5% call the dealership ahead of time |
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Finance Expert
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It depends what is more important to you - a lower monthly payment (which it will be if you remortgage) or total interest payback, as putting the car on your mortgage will lower the monthly payment but increase the total interest payable, as it's taken over a longer term.
For more info on remortgaging.....http://www.remortgagesupermarket.co.uk/ |
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