Robin's Diary

Robin's Diary

Robin Luscombe Robin Luscombe

Robin Luscombe

Managing Director Luscombe Motors Ltd | 2022 Car Dealer Lifetime Achievement | 4 x Suzuki Dealer of the Year | 5 x AM Award Winner | Auto Trader Retailer of the Year 2018 & 2020 | 5 x Motor Trader Award Winner

发布日期: 2022年5月27日
+ 关注

I’m no Martin Lewis but….

I noticed with interest this week that Martin Lewis, the ‘money saving guru’, has suggested anyone with a mortgage needs to consider getting a fixed rate deal secured quickly, and that might even be at the expense of an early termination of a current deal, his advice not mine.

It did however get me thinking…. as car finance has a fixed rate of interest, the same advice applies. As all the financial indicators are that interest rates will increase, it makes a case for locking in a loan at current rates for the next 3 or 4 years, before they go up!?

How nice would it be to have a loan paying less interest than you can earn on your savings? Getting one over on a bank isn’t easy, but now could just be one of those times when us mortals win against the big money men from the City, who after all make money by borrowing it cheap and lending it for more!????????

“A bank is a place that will lend you money if you can prove that you don't need it.” Bob Hope

要查看或添加评论，请登录

Robin Luscombe的更多文章

  • Robin's Diary
    2025年2月27日

    Robin's Diary

    Bigger Isn’t Always Better! If we believed everything we hear and see, there wouldn’t be many small independent…

    1 条评论
  • Robin's Diary
    2025年2月20日

    Robin's Diary

    There are lies, damned lies, and statistics! This week’s news that inflation has risen didn’t come as a surprise, and…

    3 条评论
  • Robin's Diary
    2025年1月30日

    Robin's Diary

    I don’t fully understand AI—but then again, I didn’t understand the Web 25 years ago either! It feels like déjà vu…

    1 条评论
  • Robin's Diary
    2025年1月23日

    Robin's Diary

    The hardest job is making decisions…. I was told many years’ ago that being prepared to make a decision was one of the…

  • Sam's Diary
    2025年1月16日

    Sam's Diary

    The Value of an Honest Word I learned this week that James Watt, the entrepreneur behind Brewdog, has launched a new…

  • SAM'S DIARY
    2025年1月9日

    SAM'S DIARY

    This week, the heavy snow and ice has brought disruption to roads, businesses and schools alike but among this chaos, a…

  • Robin's Diary
    2025年1月2日

    Robin's Diary

    Happy New Year! Another year, and wow don’t they come round quick! It seemed to take forever years’ ago - now I could…

    1 条评论
  • Robin's Diary
    2024年12月19日

    Robin's Diary

    Signs of old age… When I started Luscombe Motors nearly 15 years ago, succession planning was the last thing on my mind…

  • Robin's Diary
    2024年12月12日

    Robin's Diary

    Has the world lost its sense of humour? I’m not a fan or watcher of soaps on TV, but inevitably I do see odd bits of…

    3 条评论
  • Robin's Diary
    2024年12月5日

    Robin's Diary

    Defining determination! We all have people who have helped shape our lives, who we have tried to emulate or have looked…

    1 条评论

社区洞察

其他会员也浏览了