[Tom Tallon]

Barclays have just sent me an invitation for a 5 year personal car loan - up to £25,000 at 4.3 APR. Just in case anyone is thinking about buying a 3 series .I presume its available to all (fairly) reputable customers and perhaps noncustomers. Doesnt seem too bad a deal to me but I'm no expert. Thought I'd throw it into the pot for all just in case its a help.

Also if you're going for a car but want home improvements at the same time, I was walking through Fenwicks Newcastle and they have a deal for 4 years interest free credit on purchases of carpets, furniture etc over £2,000. Presume this applies in London York etc also. So pay cash for car and get your bedroom replaced on credit. I presume this deal is for a few weeks only until they get their target audience.

[Nick the Greek]

That's a good APR.

Hitachi finance and Sainsbury bank have similar rates.

[jusdorange]

Out of curiosity

Any benefits of a PCP vs loan?

Assume same duration / interest rate

[vikz55]

Originally Posted by jusdorange

Out of curiosity

Any benefits of a PCP vs loan?

Assume same duration / interest rate

3 main difference things I can think of...
-when the loan is paid you own the car, rather than having the balloon at the end of the PCP
-PCP will give you lower repayments for the same reason as above
-PCP give's you options to walk away at any time, although only without penalty after 50% of the finance balance is paid off. Obviously you could sell the car and pay off the loan, but come what may, the full balance needs to be paid.