[Closed] is 16.9% APR for a personal loan a good idea?

I would still have to take a loan out to get 2k

i strugle to get my head round this

you dont have the money to save to get 2k ... but you have the money to invest (ha) in a depreciating asset over the next 5 years your going to be doing 20k PA in a 50k car - in 5 years time it has a 150k on the clock - that astra will be an absolute bag of spanners ....

ive had cars with 40k for 600 quid before that have lasted years. paying 7 or 8k for a car with 50k on clock just seems MENTAL.

is that 300 quid extra in travel time + milage allowance ?

Have you considered leasing a car rather than buying one? Managed service, probably cost-effective compared to paying for the car twice over on interest.

You need to understand that the money work are paying you is 'cash', and presumably you'll get the same (is that £300pcm before or after tax) irrelevent of how much you spend on a car.

Does the £300 also include any business miles money?