Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Original poster

Car loans

2 replies

greenuptown · 19/08/2019 10:40

Hi,

We are in the process of taking out a loan for home improvements, we are also looking to purchase a new car.

Is it better to have one larger loan, with one payment to cover both purchases?

Or is it better to have two smaller loans with two separate payments?

Total debt will be approx £15k

OP posts:
PooWillyBumBum · 19/08/2019 12:26

Often larger debts have lower interest rates so I’d be inclined to take out one loan.

Original poster
greenuptown · 19/08/2019 13:27

Thanks!

OP posts:
New posts on this thread. Refresh page
Please create an account

To comment on this thread you need to create a Mumsnet account.

Join Mumsnet Log In

This thread is closed and is no longer accepting replies. Click here to start a new thread.