Z
z101
Guest
I am saving to get married shortly and eventually build a house. I have 50k saved which includes my SSAI. I have just bought a car for 15k and was thinking of borrowing about 8k of that so as not to go into my savings too much, due to above and rainy day syndrome etc. I am self employed so I have a 15k tax bill coming up shortly also. Tesco's rates are holding at 6.9% so I would hate to borrow at higher rate in a couple of years(I view rates to go up).
Is this borrowing sensible or not?
Is this borrowing sensible or not?