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Posted: Sat Jun 11, 2011 1:52 am
by denver70
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
Posted: Sat Jun 11, 2011 1:57 am
by MelanieGiles
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.
Posted: Sat Jun 11, 2011 7:54 am
by FruRod
This was just the question I wanted an answer to.
Thank you both. I will check out Duncton Specialists now
Posted: Sat Jun 11, 2011 1:13 pm
by clee123
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??
Posted: Sat Jun 11, 2011 1:52 pm
by Broke of London
A car lease isn't finance as such because you never own the car...its like renting it. x
Posted: Sat Jun 11, 2011 2:52 pm
by plasticdaft
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
Posted: Sat Jun 11, 2011 2:54 pm
by Broke of London
I know what you mean!
Posted: Sat Jun 11, 2011 2:55 pm
by Adam Davies
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
Posted: Sat Jun 11, 2011 3:18 pm
by kallis3
Duncton have had nothing but praise from this forum. If I needed a car then I would certainly give them a try.