Buying a car

Motoring 3099 times1 answer1 follower
Dan 70 Rep. elliemartin1 edited question

If I’m looking to buy a car for around 50,000 AED is it better to get a loan or put it onto a credit card?



Tom 1.09K Rep. elliemartin1 edited answer

Unless you are earning some serious cash and able to pay it off in a couple months then it will always be cheaper to take out a car loan and pay over the duration of a couple years with a small apr to be paid. With a credit card you will likely be paying around 30% a year in interest

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