Car Loan versus Personal Loan
#31
Re: Car Loan versus Personal Loan
OK, lets say for example you want to buy a 4X4 with a list price of 100,000Dhm. If you want Sat Nav, different alloys and tints and that adds up to another 10,000, you can only finance the base price of 100,000Dhm. So, you get friendly with the dealer and when he provides a quote for your bank, he inflates the base cost of the car to show no accessories to 110,000Dhm.
#32
Joined: Jan 2008
Posts: 1,343
Re: Car Loan versus Personal Loan
I'm looking at a V6 Charger, but possibly a Hemi. Having said that, Insell is getting me round to the Idea of a Stang.
#35
Joined: Jan 2008
Posts: 1,343
Re: Car Loan versus Personal Loan
Yeah, at the moment, the lesson of the day is I hate Toyota Yaris's!
#37
Re: Car Loan versus Personal Loan
It'd be rude not to get a V8 though.....when in Rome - unless you're an eco activist.
#39
Joined: Jan 2008
Posts: 1,343
Re: Car Loan versus Personal Loan
Right, been told complete crap, personal loan is approaching 10% but decreasing. It is cheaper to get finance through a dealer somewhere. Sorry for misleading info, but we have a compulsive ullshitter at work! Means I'm stuck with the Charger!
#40
Re: Car Loan versus Personal Loan
And being at BMW, they are morally obliged to give you one...You never see an Armani salesman wearing a D&G shirt do you???
#41
Joined: Jan 2008
Posts: 1,343
Re: Car Loan versus Personal Loan
True Conf, but the deal you get through the dealer will be cheaper than a personal loan. You just have to go through the writing umpteen cheques routine. I'll let you know when I've done it!
#42
Re: Car Loan versus Personal Loan
My company is changing its Company car policy and insisting that we buy our own cars and then will be paid an allowance, ok in theory (well kind of) but it means an initial outlay...
In the Uk i would take a personal loan out in preference to a car loan, but here things may be slightly different so therefore i ask the following questions
1. car loan or personal loan- benefits, disadvantages
2. with either of these is it possible to pay it off quicker than the loan period (ie a monthly top up)
Thanks in anticipation
In the Uk i would take a personal loan out in preference to a car loan, but here things may be slightly different so therefore i ask the following questions
1. car loan or personal loan- benefits, disadvantages
2. with either of these is it possible to pay it off quicker than the loan period (ie a monthly top up)
Thanks in anticipation
I'm hoping to sell it in a year and a half and get most of the money back or even maybe make a profit on it.