blicky_1
Prominent Member
I will be borrowing it all - basically consolidating the loan currently on my car with a new one. Payments are under £300pm and I'm paying £160pm anyway so not a massive increase although I will obviously be paying this new loan for a few years longer than the 3 years remaining on the current one
I just did something similar (traded in 6yo BMW to pay off existing loan) and borrowed 20k from Sainsbury's over 5 years at 3% for a 2yo AUC BMW, this sits at £359pm so you must be more than 5 years to get it under £300pm (6yrs maybe?)