Been mulling this over for a while now, funny thing i would have never considered a loan until my GF pointed it out.
I'm looking to buy a 2012/13 Audi A1, obviously not brand new but a year old max. Going price for the spec i want is around 18K
I've never been keen on these PCP and HP car plans, cost a bomb.
My bank with whom i've been with for years are offering me a 10K loan with 5% interest over 4 years. So just slightly over £11k repayable.
I'd stump up the rest of the money of course.
Anything im missing ? seems a better deal than paying £22k for the car on HP etc