Can't imagine paying over £500 a month for a car, never paid that much for a house !
A young lad at work (early 30s) has just re-mortgaged to get a better interest rate. He's borrowed £220 000 and his monthly payments are getting on for £900 a month
I hope for his (& others) that the interest rates don't return to those of the late 80s/early 90s
This is common place now, it's nearly identical to what I'm looking at for the next house. Although I'm surprised his monthly's are not over the £1k, guessing a longer term than what I'm looking at.
Hope he is going fixed rate, I will be, on a 5 year term.
Can't imagine paying over £500 a month for a car, never paid that much for a house !
I prefer to own out-right, the Zafira is all paid for, as even on PCP the consumables can make it seriously expensive. A neighbour has an A-250 Merc on finance, just had 4 new tyres, so £800 + her usual monthly. Not sure I could cope with that, the monthly yes, but not extras. Plus at the end, you don't actually own it, so have nothing really to show for it.
Rather do a Tesco type loan similar amount, buy car outright, so at least at the end you own it without extra massive payment.