G
gerry2scopes
Guest
Hi there guys I was wondering if it is possible to get a bridging loan for car finance or to use as a personal loan ? The reason I ask is that I wanted to get a new car this month and perhaps if i gave some of my financial details i might get some advice as to what type of loan i can get.
I am a home owner and I am looking to re-mortgage my home in October releasing 24k. Of this 24k i was using 4.5k to pay off my existing car loan and a further 8k to put towards a new car. The balance is going on decorating the rest of my home. So i came across a great deal this week on the car i wanted to get, the price of the car is 15k after discount and the dealer is willing to give me 6k as a trade in for my car leaving a balance of 9k.
As i know that i will be re-mortgaging in October and i will be releasing enough to cover the 9k balance and the 4.5k to pay off my existing loan, what i was really wondering was whether i should try and get a bridging type loan.
If it would help i am an AIB customer anyway and have my car loan with them and i was planning on moving my mortgage to them also.
I haven't gone to any banks or the credit union to ask about this type of loan yet. But i really was looking to get the best finance type package for a short term loan where i won't have to pay too much interest as opposed to getting a longer term loan and paying it off early.
Any one who might have undertaken something similar or any advice i get would be sound
Cheers,
G2S.
I am a home owner and I am looking to re-mortgage my home in October releasing 24k. Of this 24k i was using 4.5k to pay off my existing car loan and a further 8k to put towards a new car. The balance is going on decorating the rest of my home. So i came across a great deal this week on the car i wanted to get, the price of the car is 15k after discount and the dealer is willing to give me 6k as a trade in for my car leaving a balance of 9k.
As i know that i will be re-mortgaging in October and i will be releasing enough to cover the 9k balance and the 4.5k to pay off my existing loan, what i was really wondering was whether i should try and get a bridging type loan.
If it would help i am an AIB customer anyway and have my car loan with them and i was planning on moving my mortgage to them also.
I haven't gone to any banks or the credit union to ask about this type of loan yet. But i really was looking to get the best finance type package for a short term loan where i won't have to pay too much interest as opposed to getting a longer term loan and paying it off early.
Any one who might have undertaken something similar or any advice i get would be sound
Cheers,
G2S.