Hi all,
I have put an order in for a Model S and applied for PCP finance.
The question I have is, can I pay the finance "downpayment" via credit card? I have some lovely 0% CCs and doing it this way would reduce the interest rate being paid for the credit (although speed up the repayments as I will have to pay more per month on the CC to keep it 0% by the end of the 0% term - which is not a problem).
I had also considered taking out a personal loan that had no early repayment penalty and then doing a transfer to a 0% money transfer card with a 1.69% transfer fee... effectively costing 1.69% instead of the 5.9% that Tesla PCP costs.
I'm trying to maintain cash flow capability instead of tieing up £15.5k in cash straight into a car. I am purchasing the car through my business.
Does anyone else have experience doing anything like this? I realise that for most people, worrying about £15k when they are buying an £80k car is probably not on their problems list
I have put an order in for a Model S and applied for PCP finance.
The question I have is, can I pay the finance "downpayment" via credit card? I have some lovely 0% CCs and doing it this way would reduce the interest rate being paid for the credit (although speed up the repayments as I will have to pay more per month on the CC to keep it 0% by the end of the 0% term - which is not a problem).
I had also considered taking out a personal loan that had no early repayment penalty and then doing a transfer to a 0% money transfer card with a 1.69% transfer fee... effectively costing 1.69% instead of the 5.9% that Tesla PCP costs.
I'm trying to maintain cash flow capability instead of tieing up £15.5k in cash straight into a car. I am purchasing the car through my business.
Does anyone else have experience doing anything like this? I realise that for most people, worrying about £15k when they are buying an £80k car is probably not on their problems list
