I want to get a car loan for €4,000. I have never got a personal/ car loan before.
When I rang AIB (who I do all my banking with) I was quoted an interest rate of 13% over 18 months, which seems really high. My credit card has a limit of €10k and an interest rate of 11.84%, so would I not be better buying the car with my credit card and paying it back over the 18 months (hopefully quicker)....
With the 13% interest (loan), I would be paying back €260.86 every month, and a total payment of €4,434.62. If I pay back around €300 a month on the credit card, would I end up paying less overall?
Thanks!!