Search results

@secret0123 Appreciate the input !thanks - and can assure you in all other areas I’m making the more typically UKPF financially smart decisions haha

@solarmanking2 Yeah very much understood, good to hear thank you!

@solarmanking2 My approach is at the end of the PCP I don’t play to pay off the final amount to buy the car. I plan to either just give the car back at the end of the 3 years and buy something else in cash/with a bank loan if rates are better by that point in the future. OR use it as equity...

@solarmanking2 But that’s the thing I’m not planning to pay the final amount left, that’s my reason for being unbothered by the high interest rate

@talisra But if I don’t plan to pay off the final balance at the end and instead just plan to hand the car in, does the interest rate even matter, and if oils that still make any savings and investments pointless? I figure my payments are just £220 a month for 3 years to have the car. The loan...

@dlinkered Honestly glad to have someone else on board. Even though I feel fine with decision it does sit in the back of my mind that most other people into personal finance may think I’m being an idiot haha

I make ~£58000 a year post-tax I have a 2019 car, ~£18000 loan, 9.9% APR, 3 year long, £1000 down initially + £600 trade-in of my old car as scrap I pay £220 a month (this includes warranty and breakdown coverage extras) Instead of giving the details on how I couldn’t find a better option at...