Banks still giving away free money?

[bobspud]

Wtf would you spend 50k on a 3 year old merc!?!? It depreciates half the value in 3 years and I really doubt you will spend 25k maintaining it for 3 years unless you want to change all its parts every service!

Mercs go from 20 to 200k I can assure you that the comfortable ones are not 20k new

[AtW]

Buying a new one.....

this is the one I have my eye on:

BMW 3 SERIES 330d M Sport 4dr Auto 3.0

2006, hardly new but could be a good deal...

[AtW]

Managed to get my nice shiny merc on interest free credit!

SL 63?

[bobspud]

SL 63?

Not sure what you would do with the extra power in the new AMG 63 The newer smaller engines are unexpected to say the least. but yes the SL is very comfy regardless of engine

[AtW]

Not sure what you would do with the extra power in the new AMG 63 The newer smaller engines are unexpected to say the least. but yes the SL is very comfy regardless of engine

Power to the people...

[DirtyDog]

Thinking of getting a comfy contractormobile and while I have the money there I want to keep my warchest healthy in case of downtime. I had a look at the latest bank transfer credit cards on offer and I was shocked. 29 months @ 0% with a 4% fee. That works out at 1.65% APR. is that not classified as free money?!

Looks like the cheapest loan one can get.....

Is this not symptom of the same disease we had before the crash?

Barclaycard are offering 31 months at 0% plus 2.99% transfer fee

Nationwide are offering 26 months at 0% but only 0.75% transfer fee

[d000hg]

Barclaycard are offering 31 months at 0% plus 2.99% transfer fee

Nationwide are offering 26 months at 0% but only 0.75% transfer fee

That's a fee for transferring existing CC debt, not a "withdraw cash" fee.

[NorthWestPerm2Contr]

Barclaycard are offering 31 months at 0% plus 2.99% transfer fee

Nationwide are offering 26 months at 0% but only 0.75% transfer fee

I guess you could buy something on CC e.g. a car and then transfer it to Nationwide - that's free money when you take into account inflation.

[doodab]

But isn't minimum payment calculated based on the interest and the outstanding balance?

It's normally a %age of the outstanding balance that is slightly more than the %age they charge as interest i.e. 2% when monthly interest rate is 1.5% or similar. Some are 5%.

[northernladuk]

SL 63?

Interesting you say that. I bid on a private reg from the DVLA yesterday. A63 AMG. Went for around 8K in the end. Not a chance I was paying that. I withdrew my 900 quid bid in disgust.