www.iva.co.uk

I'm just about to successfully complete an IVA and am in desperate need of a newer vehicle - is there anything available to allow me to purchase a vehicle on finance - basically no vehicle equates to no job.

Many thanks.

hi
and welcome to the forum and well done for completeing you iva regarding you car you will find it near inpossable to get credit until the iva drops of your credit file.i am no expert but i am sure one will come along soon to advise you

Hi, congratulations on nearly finishing! Finding credit will be almost impossible until the IVA is wiped from your credit file. However alot of people recommend www.duncton.com their APR is quite high but you are, in the eyes of any financial institution, a high risk, as someone else posted in another thread the cheaper way would be to get a family member with a good credit record to take the finance on for you if you know of anyone in the family who would be prepared to do it for you or if you have anyone who could lend you the money and pay them back monthly. Hope this helps

Jon

Thaks for the replies. That's pretty much what I thought. I'm kind of hoping that my old car is going carry me for a while longer!

Some of our posters use Duncton to get a car post IVA, it would be worth a look at the link provided x

Hi VW

With the IVA still on your file, even when complete, you will have problems obtaining normal high street finance.

If you can hold on until it drops off completely at the 6 year point you should be able to finance at a decent rate on the high street. This assuming all defaults etc have also dropped off your file.

This is what I did & got an APR of 7.8% on a brand new car compared to the 35% APR offered by Duncton.

Duncton is okay if you have no other option, but they are not cheap!

Thanks for that, a year's not long to wait compared to the 5 years I've just gone through! I'm just relieved that it's nearly over!.

Duncton are excellent and take on anyone in an IVA or bankruptcy.

Make sure that your credit record doesn't show any defaults after the start of the IVA. If it does, write to the creditors to request that they be removed.

Well done on completing your IVA.

That's good to know thank you. At last I can relax, it's been a tough five years!

Hi
Although Dunctons APR is high their cars are excellent and well priced. I have been delighted with Duncton and have had my car for over a year now.
Highly recommended and the only company that I am aware of hat will finance people in IVAs or with completed IVAs on their credit file.
Regards

Andy, if you don't mind me asking, did you get your car from Duncton or did you get them to finance a car that you found?

My car is only 5 years old but if it's anything like my last Ford it'll start falling apart before the BR has dropped of my credit file!