Tend to be halfway between, when interest rates were low it was barely more expensive to get a loan out even if you had the cash in the bank.
Took at a loan to cover the Citroën when we got that, didn't particularly need to had the cash to buy it outright but it worked out as 150 quid more over 2 years than using my own money...and I got to keep my own money in case something else came up and pay it off monthly instead. Ended up clearing that a year early as well..so in theory they should love me.
Wouldn't do that now of course... given money in savings is shedding value like dandruff and interest rates are high (for loans only obviously...savers can do one).
Took at a loan to cover the Citroën when we got that, didn't particularly need to had the cash to buy it outright but it worked out as 150 quid more over 2 years than using my own money...and I got to keep my own money in case something else came up and pay it off monthly instead. Ended up clearing that a year early as well..so in theory they should love me.
Wouldn't do that now of course... given money in savings is shedding value like dandruff and interest rates are high (for loans only obviously...savers can do one).