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    andyrobin's Avatar
    andyrobin Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 20, 2010, 12:25 AM
    Which is best interest scheme, fixed or floating?
    To buy a car, which is the best one to opt for car loan?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Mar 20, 2010, 12:51 AM

    I would suggest you opt for the fixed.
    This way you will know exactly what you will be up for.
    This is usually short term anyway.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Mar 20, 2010, 08:03 PM

    I agree on the fixed. Not only do you know exactly what you've got, but since interest is down, the only place I could see it floating is up.
    Stringer's Avatar
    Stringer Posts: 3,733, Reputation: 770
    Business Expert
    		  
    #4

    Mar 20, 2010, 09:54 PM

    Depends upon the rate, if it is low then I agree fixed.
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