Posted 28th May 2021
Thinking of buying a car on PCP, but the APR on that works out expensive - so this is what I was thinking :

1. Buy the car on PCP with as much deposit I can put down
2. Apply for a credit card which has 0% transfer rates - whereby I can withdraw the money to my bank account.
3. Use the money to then clear off the car finance
4. Pay off the CC in time before the 0% period finishes.

Reason I can't just put the difference between the car price and what I can deposit is because I am collecting the car shortly and the credit card etc. wont come in time for that.

Can someone please say if this is the right thing to do then or is there a better way here to ensure I pay as less as possible towards interests?

Thanks for any help.
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