10 replies to this topic

[nev_payne]

I found the mini I have been looking for...call it the Holy Grail if you will...the problem is cash...and the lack of it.

I've looked at my Halifax options (which seem to rip me off at 9.2% for £5.2k), and looked at Lombard (a much healthier 5.8% for £5k). These are both over a 2 year period...which I am hoping to stay by.

Can anyone recommend another company to go with?

[Jammy]

Nooooooooooooooo. You'll regret it, trust me you will!

I would suggest Egg, but please please please don't get a loan!

[Teapot]

Would never recommend when it comes to finances but this site is definitely on the side of the consumer!

[nev_payne]

i know! The loan is like the financial gun to ones head....but there is no way on Gods green earth I could afford it otherwise...

[t@z]

loans are ok as long as your good at managing your money....anyway northern rock are good, think there apr is 5.4% and you can repay more off with no penelties

[minimadjonesy]

try money supermarket
But I agree with Jammy, I took out a few loans to buy cars in the past, not a great idea unless you're REALLY REALLY good with your finances

[nev_payne]

I agree no doubts...I'm seeing it this way - the ammount of money im pouring into George compared to a much newer, far better nick mini is far higher...that and the case of efficiency, and tweaking down my usual spending habits I think I could set my mind to it.

[Bigbudders]

I'd say northern rock everytime! Cheapest Apr, and they're not a bunch of scallies like Egg

As for taking out loans to buy cars, then why not????? I've never bought a car outright, mainly because i don't have a few thousand pounds to hand.

I did want to buy my first mini outright, but i looked at one that was double what i wanted to spend.....but i fell in love with it

Surely borrowing money for a car is better than having a spending spree on your credit cards....at least you're buying something worth while.

[newmac78]

Well.... if you are going to take a loan out, I'd go for either Northern Rock or Direct Line. Give them a ring and check what APR your letting yourself in for (whats advertised on the website might not be what your offered )

As everyones warnings have stated - loans only work if you can manage your money well (or you have a ridiculously large income!!!)

[Bluemini]

Northern Rock, thats who I've got mine with... all because of cars too might I add

[andywaller]

i got the money to pay for my project by getting a loan, its alright till you run out of money.

i got mine from the AA, it was the cheapest at the time!