Loan/finance

[hamdogg]

What's the best option for borrowing around 5k I'm looking into buying a nearly new chipper, and need to borrow about 5k, is a simple bank loan the best?

[Peter]

Banks are a waste of time in my experience, asset finance or a personal loan depending on your circumstances

[GTS]

try a credit card with 18months 2 years interest free. If you are working every day and have the facility to knock off 100 or 200 pwk then it would be paid in no time. Just watch out for the dealer giving you the 3% purchase cost through using a credit card. To counter this get an extra set of blades out of them.

Or speak to Phil Kirkland at spectrum. Nice chap. He can sort out finance deals for you

Good luck

[hamdogg]

try a credit card with 18months 2 years interest free. If you are working every day and have the facility to knock off 100 or 200 pwk then it would be paid in no time. Just watch out for the dealer giving you the 3% purchase cost through using a credit card. To counter this get an extra set of blades out of them.

 

Or speak to Phil Kirkland at spectrum. Nice chap. He can sort out finance deals for you

 

Good luck

 

 

Like sound if that, so I can knock it off in lump sums!

[mattplace]

You could try a peer-to-peer loan company such as http://www.ratesetter.com or http://www.zopa.com etc.

They have been all over the press lately with their good value loans. You can also repay lumps off the loan amount at any time without a penalty.

[kentjames]

Try Ian Bridges - 07966 114191 - he arranged the finance for my chipper and then the truck too.

[richy_B]

Personal loan of £5k. Put it into the business as a directors loan they repay yourself monthly. You can get an unsecured personal loan for just over 4%. Hard to find anything commercial for anywhere near that.

[Owainlogs]

Get a balance transfer for about 3per cent handling charge and pay back over whatever months are available.have a look on money saving website he explains it better than me

[Suffolk-Matt]

Personal loan of £5k. Put it into the business as a directors loan they repay yourself monthly. You can get an unsecured personal loan for just over 4%. Hard to find anything commercial for anywhere near that.

 

Good advice. Took this route myself

 

Arblease also?

[Daniel Jiggins]

Get a balance transfer for about 3per cent handling charge and pay back over whatever months are available.have a look on money saving website he explains it better than me

 

 

Barclaycard are offering at 1.5% at the moment and Mbna interest free until March 2016 if it's not all paid off by then swap it to another, Very cheap way of doing it.