My car has finally passed away sadly, costs are to high to repair, moving on I completed my iva June 2010, with a hefty deposit say £3000 (which I saved and very proud of) against a car £5000 do I have any chance in obtaining car finance or am I wasting my time until June when it drops off my credit file? Thanks
Sorry to hear about your car, not good when that happens.
With that sort of deposit you can certainly get one from Duncton. Hi APR but they are very good with those of us with a less than perfect credit history.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I know what you are saying and totally agree but I am desperate to repair my credit score and thought this would be the best way of doing it, since completing my IVA I am so careful I have really saved hard and still keep to my budget, I really have learnt my lesson.
Give Duncton a try - one or two of the posters on here have used them and rate them.
The cars are very up to date as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'm very well thank you Phil, hope you are as well.
Let us know how you get on with the car.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
RIP little car. Sounds like a great opportunity to rebuild your score. A typical APR with Dunton is about 34% which is crummy but on about two thousand it's not extortionate and will get you well on your way to a normal credit rating and normal APRs in future. Congrats on completing and saving that big old pot of gold x
Thanks for your advice folks Ive decided to wait a few more months and save in the meantime, Im not prepared to take out finance with such a high apr, I still have use of my partners car, one other lesson ive learnt is patience, so hopefully when iva drops off in June I will be able to have finance at a lower rate. Kind regards Phil
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I've decided that cars are a necessary evil - mine has decided to play up and has a water leak to rival Niagra Falls and today a suspension spring snapped!
Yesterday I bought a car for 2k a little fiesta 03 reg and its a little beauty,(didnt like handing over the ££ lol) and with no finance all from money saved by me, there is light at the end of an iva, im glad I did it, its a lesson learnt and has changed my life for the better.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
