Hire Purchase

finance

Followers

14 April, 20179 yr

Got a unsecured bank loan myself, 3.0%APR as I didn't want to have to deal with mileage limitations.

Will be paying £600 in interest over the life of the loan however when comparing the Octavia's road tax (2.0TDI = £20) to my old Focus (1.8 petrol = £240-250) the tax savings alone would pay for the interest over the duration of the loan. That is before getting to fuel savings.

My idea being buy the car relatively new and keep it until it dies or I do.

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Hire Purchase

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