11-11-2014, 10:58 PM
IMHO - no.
I mean, have you actually worked that one out!!! You're paying 24.4% of the value of the car for the privilege of someone lending you 22k over a few years, that's f*cking insane!!!
There's no such thing as a good deal when it comes to finance... Bank loan is the most hassle-free, currently you can get a personal loan for very close to the same rate as mortgages, I've seen them as low as 3.5% - ones for larger sums rising to about 7.0% - which is bloody nuts! Banks are encouraging lending to boost the economy - but you've gotta be careful with them...
If it's the car I'm thinking of, in 5 years time it'll be worth as much as a toothbrush and no one will want it, and you'll barely have recovered from the costs of it - do you REALLY need a new car?
I mean, have you actually worked that one out!!! You're paying 24.4% of the value of the car for the privilege of someone lending you 22k over a few years, that's f*cking insane!!!
There's no such thing as a good deal when it comes to finance... Bank loan is the most hassle-free, currently you can get a personal loan for very close to the same rate as mortgages, I've seen them as low as 3.5% - ones for larger sums rising to about 7.0% - which is bloody nuts! Banks are encouraging lending to boost the economy - but you've gotta be careful with them...
If it's the car I'm thinking of, in 5 years time it'll be worth as much as a toothbrush and no one will want it, and you'll barely have recovered from the costs of it - do you REALLY need a new car?
