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s-star2009
IVA Junior



60 Posts
Posted - 08 February 2010 :  22:57:19  Show Profile  Reply with Quote
Hi,

Just read a post where dunctons who do car finance were mentioned?
What is the general deal on Finance in an IVA? My car bill is estimated at around £500-600 and its worth about £850 or so now. The thougnt of having to spend my money on an old car is stressin me out a lot.
Especially if a new car would in the long run keeps costs lower no?



kallis3
Moderator



27 month\s down 33 month\s to go.

United Kingdom
35545 Posts
Posted - 08 February 2010 :  23:03:11  Show Profile  Visit kallis3's Homepage  Reply with Quote
Hi,

You would have to get permission from the IP and/or creditors and your IVA payments would have to be maintained.

Why don't you ring up your IP and ask?
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.

27 down, 33 to go.

Jan
xx
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lesley_
Forum Expert



30 month\s down 30 month\s to go.

United Kingdom
8889 Posts
Posted - 09 February 2010 :  04:17:22  Show Profile  Visit lesley_'s Homepage  Reply with Quote
As Jan suggests why not ring your IP? I can see your reasoning and I do hope things work out positively for you x
http://thereisanend.blogs.iva.co.uk/

Downhill now 31/60....
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RHB
IVA Junior

145 Posts
Posted - 09 February 2010 :  07:32:48  Show Profile  Reply with Quote
If it only has 85 000 on the clock it may be worth repairing, what does your friend the mechanic think?
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kallis3
Moderator



27 month\s down 33 month\s to go.

United Kingdom
35545 Posts
Posted - 09 February 2010 :  16:55:13  Show Profile  Visit kallis3's Homepage  Reply with Quote
Personally, I would see whether a newer car is on the cards.

Once you start spending that amount of money on it, it never seems to stop.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.

27 down, 33 to go.

Jan
xx
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