Should i get a new car on finance or get my dad to loan me the cash?

Me and my hubby have seen a car we both want after months of searching its at 鎷?,995 we could get it on finance at a rate of 6% or i have the option of going to my dad who is not rich but he could loan me the money of 鎷?,000 over 3 yrs and ive got a grand for mine, so im hopiing the guy would knock a bit off if we pay cash.My dad is sceptical though, incase we lost our jobs ect ect normal dad worrys, My hubby is self employed but has worked since he was 16 and is now 32, so dont see why he should worry.

If i got my dad how do i persuade him?

Also if we go with finance is it better as we could swap the car in 2 yrs if we wanted to to? Or just give it back if worst case scenario happned?

Should i get a new car on finance or get my dad to loan me the cash?

sometime i think borrowing from family can cause alot of rows. If that is all your dad%26#039;s savings, then one day he might need it and will be relying on you to pay the money back quicker. If your dad is doubting you then he obviously doesn%26#039;t want to say %26quot;NO%26quot;, but doesn%26#039;t want to part with his money. I personally wouldn%26#039;t rely on other people and would get the loan, that way your not upsetting anyone, especially family!!

Should i get a new car on finance or get my dad to loan me the cash?

If you took the loan from your father ,it would be a lot cheaper than getting finance. I have just loaned my grandson money to buy his first car, and he pays me back religiuosly. Your partner sounds to be safe bet, so take money from dad,if you can allay his worries

Should i get a new car on finance or get my dad to loan me the cash?

Try and persuade your dad, after all it would be easier and cheeper to repay, you can set up a direct debit to his account so that he is sure to get his money, and you can pay him a little extra every now and then.

Should i get a new car on finance or get my dad to loan me the cash?

That depends if you want to sponge off your parents or you want to show them that you are a responsible adult now and can take care of yourself. I would go with the finance. And probably so do they. (want you to be a responsible adult and finance it yourself)

Should i get a new car on finance or get my dad to loan me the cash?

finance it to help your credit rating. you could always put the grand down and make the payments cheaper. no need to stress your dad and mum and if you are married, you should try to make it on your own.

Should i get a new car on finance or get my dad to loan me the cash?

A loan would be cheaper and then the car would be yours. On finance you%26#039;ll pay more money and wont actually own the car until it%26#039;s paid off. Meaning, you can%26#039;t sell it on if needed without permission.

The worst case scenario for either choice is you can%26#039;t pay. If you went for finance, that%26#039;s it, the cars taken back and your credit record takes a nasty blow. If you borrowed from your dad you have more options, depending on his situation. You could end up keeping the car and delaying payments or at worst, sell the car to pay your dad off.

Should i get a new car on finance or get my dad to loan me the cash?

Don%26#039;t go with finance. I have worked with car salesmen in garage, my husband still does. They make it sound good. Could you not get a bank loan? You can change the car in 2 years if you don%26#039;t get finance. You won%26#039;t be able to do it for free with finance. Don%26#039;t let them fool you. Why not get a Hyundai with a 5 year warranty, no other company offers this. Got to a big firm like Patterson, Reg Vardy, Evans Halshaw, they are big enough to drop the price %26amp; add extras free. Remember, the salesman wants this sale, it%26#039;s his commission for his wage, their flat wage is crap. It is even more for them if you get finance. That is why they push it. They will tell you anything to make that sale.

Should i get a new car on finance or get my dad to loan me the cash?

You can always strike a better deal with cash, but if you%26#039;re dad is skeptical, maybe you and you%26#039;re hubby should settle for financing. You will be establishing a good credit rating if you make your payments on time. Trading after two years will end up costing you money. Cars depreciate as soon as you leave the lot. Do not consider failure to pay an option. Do not think of letting it go back; that puts a serious unfavorable mark on your credit history. Sounds like your husband is dependable. Pay off your loan. You can then save the money you were making in payments for another year to have more leverage if you wish to purchase a new car at that time.Have a reliable mechanic check it out before you make the purchase.

Should i get a new car on finance or get my dad to loan me the cash?

well if i was your dad,and selling a property for 鎷?50.000,i would buy you the bloody car.enough said.

Should i get a new car on finance or get my dad to loan me the cash?

Borrowing from your father would definately be cheaper, but could also invite more family headaches than you really need. It might be more expensive to finance, but there are options that go along with it like building a stronger credit rating, or if something goes wrong with the vehicle, the dealership would have to work with you to fix the problem.

Should i get a new car on finance or get my dad to loan me the cash?

Well it would be better if your dad did, you could sign a legally binding contract, get one written for around 鎷?00, also you can also purchase insurance to cover you if you loose your job.

This might reassure him you are serious and you will not let him down.

good luck