B
This comes down to your personal situation and what your own preference is.Should I continue to save this money and get a car loan? or spend it and start to save again?
Also if I was to get a loan who would give me the best rate?
Why not go 50/50 ?
This way you can keep some of your savings in an emergency fund & car loan repayments will be halved.
Why not just pay for the car in cash and set up a direct debit into a good savings account for the amount you would pay back on a car loan. You can save on interest repayments by not having to pay back a loan. You earn some interest on your savings, and you still have a rainy day fund (sell the car if need be and/or savings built up in the interm).
BB
0% Finance on Picanto and Rio
For a limited time only, the Picanto, Rio, cee’d, pro_cee’d and cee’d_SW will offer even greater value with a 0% finance offer!
*** From 1st April 2008 0% finance customers can avail of fully comprehensive car insurance for €99! Subject to terms and conditions laid out by Kia Credit's insurance partner.***
For full details and to arrange a test drive, contact your local dealer.
I looked into some of those finance deals. The cost of the interest is built into the deal. You wont get the same discount as a cash buyer. Granted I did not look at the Kia one, looked at Peugeot, I think it was to finance half or something like that and garage more or less told me was a gimmick.
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