Buying your dream...
22 October 2002, 06:18 PM
#1
Scooby Regular
Thread Starter
Join Date: Sep 2002
Posts: 55
Likes: 0
Received 0 Likes
on
0 Posts
in YHO what is the best way of paying for a scoob on Credit?
A MY02 is approximately £275/ month - is there any better offer?
Also how do you go about organising car finace on a private sale, or European import (with a car finance specialist)?
I have about £3000 deposit to put down at the moment.
A MY02 is approximately £275/ month - is there any better offer?
Also how do you go about organising car finace on a private sale, or European import (with a car finance specialist)?
I have about £3000 deposit to put down at the moment.
22 October 2002, 06:25 PM
#2
Scooby Senior
Join Date: Nov 2001
Location: West Yorks.
Posts: 4,130
Likes: 0
Received 0 Likes
on
0 Posts
22 October 2002, 11:34 PM
#4
Scooby Regular
Join Date: Apr 2002
Posts: 386
Likes: 0
Received 0 Likes
on
0 Posts
Get a v.good credit limit on a credit card and then get a handfull of other cards every 6 months (with 0% balance transfer rates) and just make sure you transfer those balances on time! 
Ive got about 5K kicking round on em at the mo! free money!
Wonder how long before ive done all the cards!!! eek!
Ive got about 5K kicking round on em at the mo! free money!
Wonder how long before ive done all the cards!!! eek!
23 October 2002, 12:36 AM
#5
Scooby Regular
Join Date: Jan 2002
Location: Plymouth
Posts: 960
Likes: 0
Received 0 Likes
on
0 Posts
check omen and MJws advice. I did a mixture of the 2 and ended up shifting 15 grand between credit cards and finally onto a loan 
go on a card with a low rate, then switch to one wich gives you no interest on balance transfers.
the best Cards and loans can be looked up on moneysupermarket.com
go on a card with a low rate, then switch to one wich gives you no interest on balance transfers.
the best Cards and loans can be looked up on moneysupermarket.com
23 October 2002, 09:38 AM
#7
Scooby Regular
Join Date: Oct 2004
Location: London
Posts: 4,797
Likes: 0
Received 0 Likes
on
0 Posts
Trouble with extending your mortagage is due to the term being so long you end up repaying about 150% of the amount burrowed (in total). It can be as much as 200%. If you make overpayments it can make sense though.
Trending Topics
23 October 2002, 10:02 AM
#10
Scooby Newbie
Join Date: Jan 2002
Posts: 24
Likes: 0
Received 0 Likes
on
0 Posts
I have been doing the old balance transfer trick a lot recently. I was talking to a mortgage advisor and they said I should not do it as it adversly effects your credit rating. I know that the credit rating system works in funny ways, but not sure if this is true, anybody?
It sounds like is could be because it never takes allowances of closing accounts, just opening them so it looks like you have got a massive amount of credit.
Best way to get the cheapest loan is to haggle with the dealer and see what his best offer is and then see if you can get a bank loan cheaper. I would be careful about putting large amounts on credit cards - if you forget that the 0% period is up you can get a nasty surprise!
Nik
It sounds like is could be because it never takes allowances of closing accounts, just opening them so it looks like you have got a massive amount of credit.
Best way to get the cheapest loan is to haggle with the dealer and see what his best offer is and then see if you can get a bank loan cheaper. I would be careful about putting large amounts on credit cards - if you forget that the 0% period is up you can get a nasty surprise!
Nik
Thread
Thread Starter
Forum
Replies
Last Post
Mattybr5@MB Developments
Full Cars Breaking For Spares
12
18 November 2015 07:03 AM