lease cars

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snowy

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Post by snowy » Sun Jan 27, 2008 8:51 pm
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hi
i work for a company that has got a car plan for its workers.basicly i pay £220 a month for a brand new focus and give it back after 2 years and get another one and so on.i just rent it ,no deposit just money out of wages.ive got a creditors meeting next week and woundered if this will be a problem as i have to drive 35 miles each way to work.i am worred enough about meeting as i dont want to give up working there as i live in a minimun wage blackspot and would earn about £300 a month less than my current job after the car payment.
thanks
snowy
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MelanieGiles

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Post by MelanieGiles » Sun Jan 27, 2008 8:56 pm
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Hi snowy and welcome to the forum

How has the car payment been treated in your IVA? Is this treated as having a company car? So long as you keep to similar payments for this, I can't see a problem unless you have to be credit checked to get this product.
Regards, Melanie Giles, Insolvency Practitioner
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snowy

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Post by snowy » Sun Jan 27, 2008 9:06 pm
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hi malanie
the car is discribed on the proposal as being"leese car through work which will continue throughout the iva"there is no credit check you just have to have been employed for longer than 6 months with them.
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MelanieGiles

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Post by MelanieGiles » Sun Jan 27, 2008 10:25 pm
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Then I don't forsee any problems in continuing with this arrangement.
Regards, Melanie Giles, Insolvency Practitioner
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