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Original poster

Car Loan V Mortgage

3 replies

seaofyou · 13/07/2013 01:45

I was going to pay 5k towards a new car and have rest on finance for something low like 2%.

The car is now on offer at 0% APR for 3 years. So thinking of paying the money towards mortgage instead as that is 3.5%

What is best decision to make with the money? Car? Mortgage?

OP posts:
Rummikub · 13/07/2013 02:43

Mortgage makes more sense to me. Will you own the car after the 3 years though? Or will you need to pay a lump sum at end?

Original poster
seaofyou · 13/07/2013 13:52

I will own car at end as my current car will be big deposit.
Thanks Rummikib.

OP posts:
Rummikub · 13/07/2013 14:22

Definitely mortgage then as its the higher interest rate. Enjoy your new car Smile

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