Originally Posted by
AGAR-COSWORTH
That's quite an interesting idea. The only issue I can think of is the capital gains tax whenever you come to sell the property. You might actually end up being out of pocket rather than making money.
For me personally the only item I have on "finance" is my house. Each to their own, but I don't see the point in paying finance on say a £10K car, the payments making the total amount paid say £14K. You're essentially paying over the odds for something.
CGT does not apply unless you make a profit, and even then I think it is over 8k before it kicks in, very easy to minimise/avoid, even so you would not lose money, merely gain less!