You would also have to justify where you would find the lease costs from as all monies should be being paid over. However if you need a car to work then creditors may say yes as no work means no money to them.
I am just looking at this myself. My employer operates a "Salary Sacrifice" scheme for lease cars so there are no credit checks
I talked to my IP (Melanie's company) and as long as it does not impact the ability to meet my repayments then it was ok. The cost of the lease and petrol etc is comming in around the same that I pay for my train ticket (and that is budgeted in my IVA as I have not owned a car for 5 years now)
Just remember to check on your insurance etc and the no claimes situation, as I have heard about some people loosing as they have not "owned" a car for a number of years. Seems to be on an insurance company by insurance company basis
Last edited by althas on Wed Apr 09, 2014 2:51 pm, edited 1 time in total.
There are 10 kinds of people that understand binary, those that do and those that don't
