www.iva.co.uk

Hi all

My parents are looking into buying me a car as i got rid of mine in my first year of an IVA

How can you prove petrol costs to put down on an i&e form for an annual review ??

Also do you have to prove Car Tax, Insurance, and how much would you put down for MOT's, Servicing etc ??

It will only be a small car clio, fiesta etc ??

Hi and welcome,

You can prove your petrol costs by collecting recent petrol receipts and submitting them.

As to car tax I just divided the amount by 12, didn't have to provide anything, same for insurance. Just told them how much I was paying. MOT's are pretty much a standard price, and servicing would be by invoices. I did have to send them a photocopy of the registration document for the car.

Just put it all down on your I&E. Shouldn't be a problem.

Thanks a lot Jan...

As a general allowance for car maintenance, I would suggest a budget of £35 per month, and you should budget for your road tax by taking the annual sum payable and divide it by 12. The insurance costs are easily provable by producing a copy of the policy documents, and if you keep your petrol receipts for a few of weeks, this will indicate a weekly average figure which can easily be justified.

How will the cost of running the car affect your IVA payments in comparision to what you are currently spending on public transport?

Thanks Melanie...great site this with some good advice