Right, I've never been a fan of credit cards but thinking about it, they can come in handy. I want to buy a used car from a dealer, a cc would give me better protection in case things go wrong. Also, I cannot afford to pay cash and I don't fancy an 8% personal loan. Plus I can pay off CC balance early without incurring penalties.
I was thinking...if I got one of those 0% on purchases for 6 months cards, then within the 6 months I transfer the balance to a 0% on balance transfers card (3% fee). Obviously the car dealer might charge me 2% or so for the privilege of me using a CC.
But surely this would be the cheapest way of financing my car? I would obviously make sure to pay the balance off before the high APR kicks in.
As I unfamiliar with CCs, I'm not sure if I would be allowed to put an £8000 car on plastic? We have an average income, very good credit history. Anyone have an idea of what the maximum is I can put on a card in a single transaction?
Ta very much