If you are in an IVA there could be further complications if the car loan has been serviced by being included in your allowances as it could well be considered an asset.
Thanks for your reply
There is no mention in the loan agreement that the car is secured ,I have done 2 seperste Hpi checks and both come back as no outstanding finance on the car.
I was led to believe fixed sum loan agreement meant you owned the car from the start .i was wanting to PX the car against something newer keep up the payments and add some savings towards the newer car .
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