i could do this myself i think but my head is not working tonight, i need a new car, will be trading in my old one and usuing savings ut still fall £8000 short (its a very nice car )
my credit rating is not great and i can get a £8000 loan at 12% apr, my parents have said they will take out the loan for me if i make the payments because they can get it for 6%apr. we did this for my last car as i was really young when i got it and they know i will make all the payments so that side of it is not a problem, its just checking every month that the money is out my account and in my parents account.
if the £8000 loan was to be taken over 48 months exactly how much would i save on interest???