Pro's and con's for buying an electric vehicle
432 replies
replied on 23/01/2018 09:20
Posted on 22/01/2018 17:43 by JVB66Where do you get the "idea"that the debt gets paid off?it just carries over to the next EV unless you pay off the remainder,of the price or give up wanting another car
Posted on 23/01/2018 09:20
If you pay the balloon payment at the end, the debt is paid off and the car is yours! You don't necessarily have to pay cash. You can make the payment by credit card provided you have sufficient balance available and earn lots of points through Tesco Credit card! That way the outstanding balance converts into interest free credit!
In my case the balloon payment after 4 years will be £5000. Easy to save that amount because of not having to buy petrol for the next four years!
JVB66 replied on 23/01/2018 09:32
Posted on 23/01/2018 09:20 byIf you pay the balloon payment at the end, the debt is paid off and the car is yours! You don't necessarily have to pay cash. You can make the payment by credit card provided you have sufficient balance available and earn lots of points through Tesco Credit card! That way the outstanding balance converts into interest free credit!
In my case the balloon payment after 4 years will be £5000. Easy to save that amount because of not having to buy petrol for the next four years!
Spriddler replied on 23/01/2018 09:37
Posted on 21/01/2018 12:55 by NavigateurWell over a century of research has been spent on producing electric motors (and batteries) that do not heat up in normal use. I suspect the heating in electric vehicles will come from an electric element somewhere . . .
Posted on 23/01/2018 09:37
In conversation with a pal yesterday he mentioned that he had decided against a Toyota SUV hybrid since although it is claimed to deliver 50mpg (hmm?) the salesman said that in order to use the heater it will have to run on the petrol engine and the mpg will be 'about 30'.
SteveL replied on 23/01/2018 09:40
Posted on 23/01/2018 09:20 byIf you pay the balloon payment at the end, the debt is paid off and the car is yours! You don't necessarily have to pay cash. You can make the payment by credit card provided you have sufficient balance available and earn lots of points through Tesco Credit card! That way the outstanding balance converts into interest free credit!
In my case the balloon payment after 4 years will be £5000. Easy to save that amount because of not having to buy petrol for the next four years!
Posted on 23/01/2018 09:40
Just out of interest Malcolm, is the Tesco credit card really zero percent. I must admit to not being up on all the deals, as I pay it off each month. However, all the junk mail I get trying to induce me to sign up to various cards, says the zero percent is on the balance transfer, not new spending.
Are there actually cards that give zero percent on new spending?
replied on 23/01/2018 09:46
Posted on 23/01/2018 09:40 by SteveLJust out of interest Malcolm, is the Tesco credit card really zero percent. I must admit to not being up on all the deals, as I pay it off each month. However, all the junk mail I get trying to induce me to sign up to various cards, says the zero percent is on the balance transfer, not new spending.
Are there actually cards that give zero percent on new spending?
Posted on 23/01/2018 09:46
Yes, mine does. I have had it for several months now and have not been charged a single penny in interest. I've used it for balance transfers, money transfers and purchases, all interest free. I pay the minimum payment each month by direct debit.
My Barclaycard is different. I have used it for money transfers and balance transfers interest free but if I use it for purchases as well, they start charging interest from the day the card is used for the purchase. So I don't use it for purchases at all.
brue replied on 23/01/2018 09:49
Posted on 23/01/2018 09:37 by SpriddlerIn conversation with a pal yesterday he mentioned that he had decided against a Toyota SUV hybrid since although it is claimed to deliver 50mpg (hmm?) the salesman said that in order to use the heater it will have to run on the petrol engine and the mpg will be 'about 30'.
replied on 23/01/2018 09:49
Navigateur replied on 23/01/2018 09:55
brue replied on 23/01/2018 10:02
SteveL replied on 23/01/2018 10:11
Posted on 23/01/2018 09:49 byAre there actually cards that give zero percent on new spending?
I am aware that there have been such deals Steve.
Posted on 23/01/2018 10:11
I had no idea.😖
Just had a look at the Tesco website 12/15 months interest free on both transfers and new purchases, depending on which card you take out. However, then 20.6 / 18.9% interest.
No wonder some young folk end up so deep in the mire. Buy something with the intention of paying it of within the zero % period. Hit difficulties and get hammered by 20% interest.
3 people like this
cariadon
Caravanner