would it be possible to get a car on finance

[jason.w]

hi we went into a lump sum iva last april which sold our house and car to do, we do not make any payments now as it was a lump sum iva, we had to by an old banger to get me to work and back but that has now had it and i just wandering if it would be possible to get a car on finance
thanks jason

[MelanieGiles]

Hi jason and welcome to the forum

You will need to shop around the car finance companies to see whether you would be offered finance, but in principle (apart from an impaired credit rating for six years from the date of your IVA) there is nothing to stop you now taking out credit.

Given your credit rating this may well cost more than usual high street rates.

[jason.w]

thanks for the advise melanie i have applied for 3 different types of car finance since my last post and have all been declined, i really dont know what to do now as my car has finally had it, and to add to this i have been signed of for the last two months with a back problem which is stopping me from doing long distance journeys(no good as i am a lorry driver) so i now want to start a business as a general handyman but really need a vechile, please help if anyone can
cheers jason

[abc]

There are car finance companies that specialise on impaired credit, but they are VERY expensive. The one that I recall from TV adverts is YES Car Credit. But do check the APR.

[MelanieGiles]

I believe that Yes Car Credit have ceased trading - am sure they went into their own insolvency, but there are others which are often recommended on the forum. I think one is called Advantage Finance - which might be worth googling.