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BlueCorsa	posted on 18th Oct 06 at 06:01
	Yeah Jules is right - some credit cards (not all) allow you to do a 'balance transfer' to your current account to 'pay off your overdraft' (just tell them that's what it's for...). That way you get the 0% balance transfer deal (though now most charge a 2% etc. fee). Egg cards always used to be able to balance transfer to a bank account. Have a look on a site like www.moneysavingexpert.com to see what other cards can be used that way and what is currently recommended on there.
Matt H	posted on 17th Oct 06 at 21:36
	Not sure about that, I just know its a silly rate if you withdrae cash from the machine!
Jules S	posted on 17th Oct 06 at 21:34
	quote: Originally posted by Matt H Yes but you'd need to withdraw cash & you'll pay about 29% interest on that Hence why a loan would be a better option Its always been my understanding (from some mates who play credit cards for a living) that you ring your credit card provider up and request funds are transfered directly into your bank account. Hence 'credit transfer' and the rates they provide. Im happy to be proved wrong.
Matt H	posted on 17th Oct 06 at 21:31
	Yes but you'd need to withdraw cash & you'll pay about 29% interest on that Hence why a loan would be a better option
Jules S	posted on 17th Oct 06 at 21:28
	My mistake (I dont have a credit card BTW...always the best way) It seems that EGG charge 2.5% on credit transfers in their 'honeymoon' period. Surely still better than 15%+ on a bank loan?
Matt H	posted on 17th Oct 06 at 21:08
	quote: Originally posted by Nath quote: Originally posted by Jules S How can a bank loan be the best bet when most credit cards do 0% on credit transfers? Virgin do 'credit cheques'. No idea how they work or if they incorporate the 0%. Capital one charge these same as cash withdrawls!
Nath	posted on 17th Oct 06 at 21:03
	quote: Originally posted by Jules S How can a bank loan be the best bet when most credit cards do 0% on credit transfers? Virgin do 'credit cheques'. No idea how they work or if they incorporate the 0%.
Jules S	posted on 17th Oct 06 at 21:03
	How can a bank loan be the best bet when most credit cards do 0% on credit transfers?
Matt H	posted on 17th Oct 06 at 21:00
	quote: Originally posted by bieransri yes is private sale Bank loan then (y) Some have a penalty for if you close it early (IE when you sell your car) Shop around, it can really pay off!
Nath	posted on 17th Oct 06 at 21:00
	quote: Originally posted by Matt H quote: Originally posted by Nath 0% option on some credit cards, 12 months with Virgin at the moment. You sure? It was about 1 month ago.
Matt H	posted on 17th Oct 06 at 20:59
	quote: Originally posted by Nath 0% option on some credit cards, 12 months with Virgin at the moment. You sure?
bieransri	posted on 17th Oct 06 at 20:56
	yes is private sale
Matt H	posted on 17th Oct 06 at 20:49
	Where are you buying the car from? A garge or private sale? If its a garage & you can pay on your card do that. Just get one with 0% on purchases for a few months If its private sale get a loan. Withdrawing cash from a credit card is very expensive!
Nath	posted on 17th Oct 06 at 20:48
	0% option on some credit cards, 12 months with Virgin at the moment.
bieransri	posted on 17th Oct 06 at 20:45
	want to get he funds to buy a new motor, only about £2000 best option. need it quite soon, would be paid off mostly when my car has sold. whats the best option? :boggle: bearing in mind im 18 and a loan seems a bit daunting:o