There is no reason why you should not be able to lease a vehicle. You would need to run this past an IP.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Quite possibly - although I have had clients who have been able to manage to find such funding whilst in an IVA, but the funders are probably few and far between. Do you already have a vehicle which needs replacing?
'lease' for private use is a form of credit which you may find hard to gain if in an IVA. They are very keen if your a business customer but ones I've spoken to don't want to know anyone in an IVA.
The road is 72months long starting September 2010.
There have been a couple of names on here recently of lease companies that are IVA friendly. Can't remember the names but hopefully someone will be able to name them later for you.
Neither will be cheap - let's face it they are taking a risk. You are guaranteed a vehicle though.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
When I was looking into leasing a few weeks ago, I was told by a Sales Person at msg non status leasing that they deal with a lot of the enquiries from Dunctons, so it might be worth going direct to them. You can google them and get their link to their website. They were very helpful. Not sure whether they do just cars or commercial vehicles too.
Kazzy
There is light at the end of that dark tunnel. Promise.
CAn you talk to the firm you are contracted to and see if they would waive the requirement to replace the vehicle. If it looks and runs OK perhaps they will allow you a little longer life out of it given your financial circumstances.
MelanieGiles wrote:
CAn you talk to the firm you are contracted to and see if they would waive the requirement to replace the vehicle. If it looks and runs OK perhaps they will allow you a little longer life out of it given your financial circumstances.
5 or 6 years of an IVA with a limited maintenance budget would be pushing it though I think.
Any chance of a family member doing the leasing for you and you being given an allowance in the IVA to pay it?
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
How much is your number plate worth? Some people are expected to try and sell them if they are worth a bit.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
