Everyone is different but without knowing your incomings/outgoings it is hard to give advice. But I'd personally clear the loan now. Put the 1550 into savings, use the amount I was repaying (approx €450ish a month is that correct) and save that until March that would give you 2250 + 1550 = 3800 and use that to buy a 2nd hand car outright and continue saving the €450 a month. Without knowing what committments you have, job security etc its hard to give proper advice. I would be reluctant to borrow 20,000 for a car but that is just me personally.
Why not buy a bike?
I just want itMy car is the only thing in life I ever treat myself to so yes €20k is needed to get what I would like and at 412/month I can afford to pay it if required but just wondering could I save myself some dosh any other way with what I currently have left from my last car.
As for 20K on a car, boy and toys. Have fun.
out of interest what kinda car have u sold and what kinda car have u your eye on for next March?
20k is alot of dosh, have u a mortgage?
Why not buy a bike?! you can get it for half price with tax relief!
Sorry for digging up an old thread but I am wondering who would buy a car with loan payments outstanding? Would the title of the car be transferred if money were still owed on it?
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