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What do people do for cars in IVA?
Posted: Mon Apr 30, 2018 7:29 am
by Dusty56
Hello I have just made my 3 payment into my iva which me and my husband have done together since this my husband car has broken down 3 times which is getting financially annoying now. He needs it for work as he travels up and down the motorway everyday. My question is can we get a newer car on finance now we are in a iva or what do people do for cars? We have always had loans or finance
Re: What do people do for cars in IVA?
Posted: Mon Apr 30, 2018 8:03 am
by kallis3
I doubt you will get finance - does your husband have an IVA and is he financially linked to you - if not he could always try or a relative or friend could finance one for you. Otherwise just get a cheap runaround from Ebay. Ask for a payment break.
Re: What do people do for cars in IVA?
Posted: Mon Apr 30, 2018 8:04 am
by Foggy
You will not get affordable finance on a car while in the IVA and, if you find a company willing to entertain you, you will need to make a strong case to your IP and get his / her agreement.