Lower APR or Higher Balloon?

[SSG1000]

Been scouting for a car and have two available options to fund:

Employers financing scheme: 4.9% fixed
Halifax account holder financing: 5.9% fixed

My question, my employer scheme has a lower balloon by c£3k making payments higher by around £10 a month. Not much in it.

I’ll be financing the car on a 48m pcp, but may seek to get rid after 3 years. Might be a no brainier question but I should finance through my employer scheme so the final settlement is lower?

[bullitinhead]

The answer is, what's the lowest cost surely?

Edit to add: there's not enough info to form an opinion, but you'll pay interest on the balloon as well, so lowest cost will be the lowest interest rate..



Bullit

Edited by bullitinhead on Saturday 12th March 13:43

[a_dreamer]

Another vote for lowest cost.

If you intend to purchase the car then surely the cheapest way to get the car. If you have no intention of buying the cheapest to loan it.

If you need flexibility then you need to consider when you can VT the vehicle.

Predicting the price of a car in X years is pretty tough right now.