Best way to borrow £1500...

[Carreauchompeur]

I have seen a slice of bargey loveliness which I intend to purchase within the next week.

I can lay my hands on around £1500 cash, but need to find a further £1500.

I've got credit cards with Natwest, Virgin and Lloyds, all of which have a broadly sufficient credit limit and no balance.

Am I best off swallowing the 3% cost x2 and getting a cash advance, then doing a balance transfer, or alternatively looking at a personal loan? I only want to borrow over a year, but the rates look horrific for small amounts...

[JonX2C]

Learn from someone who was on spendaholics, dont buy wha you cant afford, especially in this climate.

Hold of and save the extra.

[Urban_Ninja]

if the rates are bad for a small amount, then get a bigger amount, and the exess you get, keep and use that to pay back the extra plus a small amount?

[Jasandjules]

Surely a personal loan would be better than credit cards...

[Slagathore]

Apply for a new credit card with someone offering 0% interest for a certain time?

[Carreauchompeur]

Slagathore said:

Apply for a new credit card with someone offering 0% interest for a certain time?

It's a private individual, so I would have to get a cash advance, then do a balance transfer, therefore it'll probably be a 3pc charge x2... Which I'm keen to avoid.

[dibbly_dobbler]

Bank overdraft ? Relatively cheap way of financing it if you prearrange the amount and you could repay at your own pace.

[Chris_w666]

Try zorpa if your credit rating is good the interest rate there will be comparable, or get a 0% card and do the balance transfer thingy.

Best way is to get the 2 on a spreadsheet and compare total cost.

Best Best way is to save up, this isn't a big headed preachy post just a been there done the borrowing thing before one.

[Ikemi]

Personal loan ... Then pay it back within 3-6 months to save on addtional interest!

[Sheriff JWPepper]

Come on spill the beans, what's caught your eye?

[Carreauchompeur]

Sheriff JWPepper said:

Come on spill the beans, what's caught your eye?

All will be revealed... It has a 4.2L V8 which is a good starting point

[Moose.]

dibbly_dobbler said:

Bank overdraft ? Relatively cheap way of financing it if you prearrange the amount and you could repay at your own pace.

Seconded Currently borrowing £2k this way, although can take it to £3k if I so desire

[okgo]

Moose. said:

dibbly_dobbler said:

Bank overdraft ? Relatively cheap way of financing it if you prearrange the amount and you could repay at your own pace.

Seconded Currently borrowing £2k this way, although can take it to £3k if I so desire

What do they usually charge on a current account overdraft?

[Sheriff JWPepper]

Carreauchompeur said:

Sheriff JWPepper said:

Come on spill the beans, what's caught your eye?

All will be revealed... It has a 4.2L V8 which is a good starting point

Jag or Audi?

[Carreauchompeur]

Bloody cops

Audi. A8.

[dtmpower]

JonX2C said:

Learn from someone who was on spendaholics, dont buy wha you cant afford, especially in this climate.

Hold of and save the extra.

When were you on the program - I really liked watching it but BBC3 always seems to be re-runs....

[okgo]

dtmpower said:

JonX2C said:

Learn from someone who was on spendaholics, dont buy wha you cant afford, especially in this climate.

Hold of and save the extra.

When were you on the program - I really liked watching it but BBC3 always seems to be re-runs....

Some of the people on there were utter dicks though.

[Nolar Dog]

Buy a cheaper car.

[Carreauchompeur]

Nolar Dog said:

Buy a cheaper car.

Ahem, with your garage you should know that's just a silly suggestion.

[topless_mx5]

Nolar Dog said:

Buy a cheaper car.

Have to ask, why the Smart amongst that collection? Loving the Sierra cossie btw.