Ask Honest John

Most recently answered finance questions
We are moving to Guernsey in a few weeks and plan to take our new Volkswagen Up with us. I phoned Volkswagen’s financial service to inform them, but they have told me I need to pay the loan in full before...
I am buying a new Skoda Octavia for £19,000. The dealer suggests that I fund £9500 using Skoda Finance. The deal is that Skoda will contribute £500 and give me three free services up to 30,000 miles, so...
What is PCP finance?
I will shortly be coming to the end of a four-year PCP agreement on my ML and am concerned about the potential penalty charges I may incur for alleged damage to the car. The car will be several thousand...
My partner and I are buying a car from a garage in Derby, and have paid a £500 deposit by credit card. The car belongs to the garage owners wife, but is being sold through the garage. The car has £3300...
I have just put my 1971 Morris 1000 Traveller on Autotrader to sell and I had a phone call from some finance organisation, saying that for an upfront charge of £99.50 they will ensure I get the full asking...
Our PCP ends in November this year. Our mazda2 1.5 Sport 5 door will be 3 years old and will have done 18k miles. The conditions of the PCP were 24k miles. The final payment is £5k. Should we plan to buy...
We are thinking of changing our car this year and are considering taking a three year personal finance contract from the garage, in this case Mercedes-Benz. I was under the impression that the value of...
I have just had a car accident and my car is a write off, what will happen with my finance as I do not have GAP insurance. Do I have to pay the outstanding balance or can I carry on paying it monthly -...
Does the Chevrolet Cruze have the same engine and automatic gearbox as an Astra, Suzuki, or SAAB? I went to a car dealer about a Honda Jazz and the finance manager tried to convince me that it's better...
 

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