Is this a good deal, used car
Is this a good deal, used car
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Original Poster:

53 posts

65 months

Wednesday 31st March 2021
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Pablo16v

2,875 posts

225 months

Wednesday 31st March 2021
quotequote all
Seems a bit steep to me but I haven't looked at HP deals in years. Have you looked at a bank loan to fund the remaining £13,000 after you have paid the £3000 deposit? My bank is currently offering 3.9% interest which works out at £238/m over 5 years, so a fairly decent saving over the Arnold Clark deal.

lyricalgangster

281 posts

173 months

Wednesday 31st March 2021
quotequote all
Agreed - looks like over £3300 in interest. A bank loan for 13000 would probably cost £1000 over the 5 years.

Car itself seems reasonably priced to me though., condition dependent.