lease car ?

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denver70

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Post by denver70 » Sat Jun 11, 2011 1:52 am
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would i be able to arrange to get a lease car and claim it as an expense on my IVA ?

car engine mountings sound a bit rough and as i cant get credit for a new one would i be able to get it sorted for say a 3 year lease car ?

anyone with experience of if the car lease company charge more or refuse you because you are in an IVA
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MelanieGiles

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Post by MelanieGiles » Sat Jun 11, 2011 1:57 am
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So long as this did not affect your ability to continue funding your IVA payments I don't see whey not, but you can expect to pay a premium whilst you are in an IVA. A lot of posters here have taken out cars with Duncton Finance, and they seem to be a good company albeit the charges are rather higher than the high street.
Regards, Melanie Giles, Insolvency Practitioner
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FruRod

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Post by FruRod » Sat Jun 11, 2011 7:54 am
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This was just the question I wanted an answer to.
Thank you both. I will check out Duncton Specialists now
I had the blues because I had no shoes until upon the street, I met a man who had no feet.
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clee123

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Post by clee123 » Sat Jun 11, 2011 1:13 pm
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Hi, not that I can afford another commitment on my monthly payment plan - but I was told that you could not get any more finance whilst in an IVA? unless for Insurance, things like that??
IVA accepted 31.05.11 and 2 reviews DONE!!! Wow,nearly approaching my third. can't believe how time has flown!
December 2015 - made a one off payment and made a settlement of the IVA!! recieved certificate in May. - all completd and now I can get on with my life
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Broke of London

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Post by Broke of London » Sat Jun 11, 2011 1:52 pm
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A car lease isn't finance as such because you never own the car...its like renting it. x
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plasticdaft

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Post by plasticdaft » Sat Jun 11, 2011 2:52 pm
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I may look into leasing after my trust deed ends. I am sick of seeing people who dont work driving around in a better car than me!!!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Broke of London

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Post by Broke of London » Sat Jun 11, 2011 2:54 pm
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I know what you mean!
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Adam Davies

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Post by Adam Davies » Sat Jun 11, 2011 2:55 pm
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Hi
Finance is possible in an IVA with the express agreement of your IP.
Running a new or fairly new car can actually be quite cost effective
Duncton are excellent and several forum members, including myself have used them
Regards
Andam Davies
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kallis3

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Post by kallis3 » Sat Jun 11, 2011 3:18 pm
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Duncton have had nothing but praise from this forum. If I needed a car then I would certainly give them a try.
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
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