Finance while sell current car..?
Discussion
Looking at buying a motor for 10k, current car will prob fetch 3k. Planning 7k loan.
But that leaves me 3k short until I sell the current car, which I can't do until it is replaced...!
Thinking of either taking an additional 3k loan as a bridge OR taking a 10k loan and putting the 3k on one side to pay the difference each month...
Anyone been through this one? Any other ides?
But that leaves me 3k short until I sell the current car, which I can't do until it is replaced...!
Thinking of either taking an additional 3k loan as a bridge OR taking a 10k loan and putting the 3k on one side to pay the difference each month...
Anyone been through this one? Any other ides?
Assuming you're confident of getting the £3k back fairly quickly and you're not going to be stuck with it then what about an overdraft increase? Rate will be high, say circa 14% to 18% but it's more convenient. Most loans will allow early settlement nowadays but some will not allow partial overpayment
Gassing Station | Finance | Top of Page | What's New | My Stuff