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we need a new car. whats the best way to pay?

(7 Posts)
tara4now Sun 16-Sep-07 15:51:50

our car has finally had it. we dont have the money to buy a car so will need to get finance. whats the best way to do it? loan? credit card? 0% finance from a car dealer etc etc. we have no idea! any advice?

BecauseImWorthIt Sun 16-Sep-07 15:53:26

0% would be your best bet, but often you can only get such deals with a fairly heft deposit. Vauxhall are doing 4 years 0% but with a 30% deposit.

Definitely not credit card!

Sheherazadethegoat Sun 16-Sep-07 15:57:11

i don't think dealer finance is ever a good idea. shop around for loans.

tara4now Sun 16-Sep-07 15:58:50

we dont have money for a deposit even. maybe manage a few hundred if we sold our car. i was thinking of a zero percent credit card and keep switching. what do you think?

goingfor3 Sun 16-Sep-07 16:01:08

Don't count on being able to switch credit car as the deals may stop. You also have to ay a balance trnasfer fee of around 2.5% when you switch cards.

goingfor3 Sun 16-Sep-07 16:01:27

credit card not car

tara4now Sun 16-Sep-07 16:05:56

my card is only 5.9 apr. less than alot of loans i can find. i was thinking about using that. the balance is clear on it now.
i guess i'll have to just keep looking.

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