finance

What is meant by 162 Simple Logic? I bought a Honda Jazz (new launch) this year. I look forward to your reply.

Mairead Tallon

Hi,

I am in the market to replace my 14-year old Peugeot 307. I note a lot of manufacturers have scrappage deals at present. Quite a few also have 0% finance deals, but these two offers are generally mutually exclusive. Do you know of any manufacturer offering both deals on new cars?

Thanks for your time, Rowland

PCP financing is something of a dark art! Deals tend to vary wildly from dealer to dealer (even for the same make and model) and the advertised offers don't seem to bear much resemblance to how they pan out in reality (I looked into an offer with monthly repayments of €362, but on a 20 per cent deposit the price ballooned to over €600).

Any advice for navigating this form of car financing, especially on how to compare packages?

Hi,

Where can I get estimates or comparisons on the lease prices for company cars? I have a monthly allowance but have no visibility on the charges quoted from our appointed multi national leasing company. I suspect I am not getting the best lease deals available from other local suppliers. The lack of transparency in the lease market seems to lend itself to the dominant position of a major multi national leasing company.

Hi,

I was trying to apply for PCP finance in February with Volkswagen Bank and got declined. I then applied for a car loan off AIB and got accept for €6k more! Do you think this would give me a footing to apply for PCP next year with Volkswagen?

They seem very strict!

Kevin

What is the best way to pay for a car?

Hi,

I tried to buy a new small van this year, but have bad credit. Can I still lease a small van?

If I take out a PCP option on a new Renault after three years I can get a new car. My question is - will my repayments drop because of it being a three-year old car being upgraded to a new one? If I get a bank loan (which is dearer initially) I own the car after the loan is paid off or partly paid off and am in a better position when trading up. What collateral do I have with PCP?

Hi

I need to buy a new or second hand car. I'm thinking of going the leasing route because I have been told that I can put it through our business, which is a sole trader business, as an expense and we can claim it all back against our income. Also, I'm told that, as we are sole traders, we are exempt from benefit in kind. It sounds to good to be true!

Look forward to your advice

I'm approaching 66 and recently had to retire. My state pension will be around €230 when it comes in March plus a small work pension of €57 a week. My car, an Audi A2, is a 2001 reg. It's showing signs of age and as it's an obsolete model services are expensive. I would have 3,000 maybe 3,500 Euros to put towards an upgrade. Can you advise me as to whether I should opt for a new car and a repayment plan or get a second-hand one?

Angela O'Sullivan