Hi all,
Well the house has now sold and i've got the capital to buy the van and system that i've been dreaming of for a while. However, after speaking to my accountant and stepdad (he's a bit of a business guru) :
it would seem the best option is to purchase it on finance and keep the reddies in the bank incase i need immediate cashflow for anything else, a down payment on a mortgage springs to mind.
I was wondering what sort of finance deals you guys have managed to find, what sort of interest rates would i be looking at for a business loan and who are the best lenders at the moment.
My brother mentioned that a certain credit card company (can't recall the name) are offering a life long term of 3.9% apr on any balance transfers at the moment. So it may be worth my while getting a loan then transferring the balance to this credit card. I think the cost of the transfer would be 1% of the balance so a £10,000 loan would cost me £100 to transfer, probably saving me a huge amount of interest in the long run.
Does anyone know of any loan companies that are offering similar or better deals than this.
Many thanks in advance,
Lance