• I've used ~3% interest bank loans for cars in the past, the camper is the first that I'm going to use an actual finance product for, from Oracle Finance IIRC.

    I could (with Oracle) finance ~70% of the it but I just don't want to, instead I'm going to finance ~£20k of it, which they've said they'll do interest only as a balloon payment. Does this make sense? Unsure, but they seemed to think it was the right thing to do.

  • You are paying the purchase cost minus £20k up front and financing the £20k interest only?

    And then at some point you pay back the £20k or sell the van and settle with the proceeds?

    seems like a reasonable plan assuming interest rate is ok.

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