best bank loan for car

[seadragon]

I guess there might not be such a car specific type loan (or maybe there is), but I am looking for a 2nd car, where I don't have to pay much interest. I have a specific car in mind, but the dealer doesn't work with any finance company, plus the interest would be pretty high. I also want to own the car, as lease isn't an option either.

[Kingdom35]

Depending on the price...ever thought of a 0% interest card on purchases for say 12-18mths...then before the times up, balance transfer % to another card.....all you pay is the % they offer on the full amount for transferring?!

[seadragon]

Thanks for the tip. The car is 25k, so I guess a loan is more what I need

Thanks again

[truck71]

Or apply for more than 1 card if the limit offered doesn't reach the purchase price. You can get nearly 4 year interest free cards if you look hard enough.

[wemorgan]

http://www.moneysupermarket.com/

[Kingdom35]

truck71 said:

Or apply for more than 1 card if the limit offered doesn't reach the purchase price. You can get nearly 4 year interest free cards if you look hard enough.

Good idea but be careful as you could stuff your credit card rating up with a lot of applications in a short space of time!

Anything below 5% on a loan is decent these days...mind some PCP's are around this anyway.
Perhaps see what you can get on 0% purchase first on say 2 applications
Worse case half of that 25k is on a 0% the rest on 3-4-5%

[Shirt587]

Reliant on a co-operative seller that takes cards, but...
£5k cash from you
£10k zero-interest balance transfer card
£10k Zopa loan

Probably only paying 4% on the Zopa, keep transferring the card balance as far as possible (effective APR about 3-4% depending on the deal)?

[seadragon]

thanks so far

can get £3% on a 25k loan from a couple of banks (4yrs). I can justify it in my mind, but do I pull the trigger or not on what is really a fun toy? I have a history of making rash decisions, so I need to have a serious think :-)

[funkyrobot]

seadragon said:

thanks so far

can get £3% on a 25k loan from a couple of banks (4yrs). I can justify it in my mind, but do I pull the trigger or not on what is really a fun toy? I have a history of making rash decisions, so I need to have a serious think :-)

What car is it?

[seadragon]

Truck, Mitsubishi L200 Browning Walkinshaw

I have a Golf R estate and want something for fun off road and holidays for the dog and my bicycles etc and to deal with the potholes in my area etc

[Rick101]

Used nationwide to fund a car earlier this year. Low rates, easy finance and money in account next day.

Ended up paying it off without penalty as I managed to sell my car privately very quickly.

[funkyrobot]

seadragon said:

Truck, Mitsubishi L200 Browning Walkinshaw

I have a Golf R estate and want something for fun off road and holidays for the dog and my bicycles etc and to deal with the potholes in my area etc

If it's new, have you tried the usual outlets mentioned on here that can save you money off the list price?

[GSalt]

M&S Bank have decent personal loan rates.