[benb404]

Now, seen as though a last resort of my car not being fully repaired. What's peoples opinion on finance?

A mate of mine, took a car on finance, then get a loan from his bank and paid it off... He now owns the cars and just has a loan to pay off. So he could sell the car, and pay the majority of the loan off.
Good idea maybe? As you can sometime get better deals from your bank if you have been with them years.

 

[CorsaEdi]

Imo it's better to just get a loan in first place then buy the car, but if you can't get a loan them get get finance it's all good if you keep up with the repayments

 

[benb404]

Cheers, normally quite sceptical about buying things you 'can't afford' (as in, the full payment).

I will probably pop into the bank and see what they can give me. See if I can get a joint loan with the other half, may get better interest rates.

 

[CorsaEdi]

Yeah same but sometimes it helps people get stuff they would struggle to save up for, just as long as you can easily afford repayments

 

[benb404]

Yeah that's true, the only issue I see is keeping a job for 3+ years. (Not that I think I'm gonna loose it)

 

[CorsaEdi]

Iirc if you get Finance you Can give the car back, may affect your credit though.
Not sire how a loan would work though

 

[benb404]

I will have to go into my Bank and ask.

And, see what finance companies say

 

[CorsaEdi]

Best way pal

 

[Coleman]

A loan's interest rates would be more favourable than a finance agreement. And as you've already pointed out, with a loan, you'll own the car and you can sell it to raise cash to pay the loan if any shit hits the fan.

 

[benb404]

Well I did have an appointment with them a few months back and they were asking if I ever thought about a loan, because I had better deals on my account because I have been with they for over a decade. Worth a shot!