Is 8.5% interest?

Question

on top of monthly payments expensive or reasonable to pay monthly for car insurance company

please help?

Answer 1

First, djaca70 doesn't seem to understand the question... 8.5 % interest on a loan is fair if you have an average ok credit score. I had an 8% interest rate on a loan for my new truck back in 2000 but now I'm guessing interest rates are even higher...

Answer 2

That is awfully high.  I pay a $3.50 service charge when I pay monthly to my insurance company.

Answer 3

Yeah that is a bit dear, either budget properly so that next year you can pay your insurance outright - therefore not paying any extras (robbing b*stards ain't they!)

If not, get yourself a credit card with a 0% deal on purchases for 12 months - therefore paying for your insurance monthly, but without ANY nasty charges for the priviledge

Hope this helps :)

edit......capital one platinum are doing 0% until oct 09

if your worried about being turned down, try halifax or barclaycard - both doing 0% for 10 months