which option is better overdraft or car finance

[Nerfherder]

Its not dodgy I don't qualify to get bank finance in my name that's why my employer is doing it on my behalf. The vehicle will only be in my name after I have fully paid for it. I just need to know in terms of interest rates which option will be better between the overdraft and finance as I am working on a tight budget.

What happens if you leave or get retrenched ?


Best way is for them to stand surety. Overdraft is more interest anyway.

Why don't they buy the car cash and let you pay them back... that will be the cheapest.

 

[KingMikel]

Is this car going to be insured?

 

[Sherice]

yes it will be insured

 

[spiderz]

Looking purely at the interest rate difference between overdraft and financinge, the finiancing option should be lower.