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Posted: Sun Dec 13, 2015 1:24 pm
by MARKRP
Hi all,
My wife and I only have two payments to go on our IVA ( including a years extension as we couldn't release equity from our house)
My wife works for the NHS and can get a new car on a salary sacrifice scheme, no deposit nor credit agreement. if we used this scheme after we made our last payment would we need to tell DFD as we would be waiting for the CC.
thanks
Mark
Posted: Sun Dec 13, 2015 1:32 pm
by kallis3
Hi,
Pretty sure you would be ok as your IVA payments will have finished so your salary is your own,
Posted: Sun Dec 13, 2015 4:12 pm
by lifenoteasy
Irrespective the scheme is more cost effective and should be a no brainier for them.
Additionally you are not taking on credit.
Posted: Sun Dec 13, 2015 4:36 pm
by MARKRP
Thanks, it is a real good scheme and we real need to change our car as we haven't had spare cash to keep on top of the old one, was hoping sign up to it after making our last payment, but didn't know if we should tell DFD.
Mark
Posted: Mon Dec 14, 2015 5:01 am
by luluj
It sounds like a good idea. My only niggling thought is until you receive the completion cert you potentially remain under the terms of your IVA ... If it were me i think I would ask DFD to respond in writing to say all payments made etc and that the suggested car scheme is ok to proceed.
Posted: Mon Dec 14, 2015 7:41 am
by lifenoteasy
Other half was on it - brand new car, insurance and all service costs included (including breakdown) plus as new more fuel efficient.
Only downside if give it back early I.e. Before 3 years responsible for certain costs,
Posted: Mon Dec 14, 2015 9:17 am
by Shining
Sounds like a good plan but I would probably just mention it to IP as Luluj suggests to avoid any surprises.
Posted: Mon Dec 14, 2015 9:49 am
by Michael Peoples
DFD should have no problem with this but you should tell them if the CC has not been issued. The finance company may run a check and find the IVA and if this is the case they would need to seek approval from DFD for the agreement to proceed.
Posted: Mon Dec 14, 2015 10:03 am
by lifenoteasy
Michael - there are no finance checks.
It's purely based on salary, being employed by the NHS etc.
Posted: Mon Dec 14, 2015 10:33 am
by Michael Peoples
So this would be open to anyone regardless of credit history which is a good thing. Still probably worth keeping DFD in the loop but definitely a good service to offer the staff.
Posted: Tue Jan 05, 2016 4:19 pm
by MARKRP
Sorry for a later update, The person at the call center wasn't sure about this so she had to pass it onto an IP, we were told we would have an answer within 5 days, 3 days later we were told it wasn't a problem and to go ahead and order the new car.
Posted: Tue Jan 05, 2016 6:30 pm
by kallis3
Great news and enjoy the car!
Posted: Wed Jan 06, 2016 9:25 am
by Lisa Thomas
Great news.