Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Cost of living

Stretching your budget? Share tips and advice to discuss budgeting and energy saving here. For the latest deals and discounts, sign up for Mumsnet Moneysaver emails.

Car loan vs 0% credit card

3 replies

Toffeelatteplease · 28/04/2016 16:24

I currently have a sizable car loan/hire purchase agreement 8%. I have been offered a 0%credit card for nearly the whole amount of the car loan (but not quite). I won't be able to pay off the credit card within the agreed period so I would then hop to get another 0%credit agreement. Do I take the credit card and pay off as much of the car loan as I can, do I keep things as they are?

It's making my brain ache

OP posts:
Fluffycloudland77 · 28/04/2016 20:11

I'd take the 0% and pay off as much as possible before it expires.

SaveSomeSpendSome · 28/04/2016 20:12

Take the 0% credit card and once the interest goes on it then transfer the balance to another 0% one until the balance is paid off

Charlesroi · 29/04/2016 10:59

Won't you get a rebate on the car loan interest? I think they are usually front-loaded.
There's a slight gamble you won't be able to get another interest-free card but you'll still save a lot of money.

New posts on this thread. Refresh page