Can i trade my car in last year of IVA?

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by amanda856 » Fri Jun 02, 2017 2:44 pm
I have a vehicle on pop and am in my last year of my iva now my car is 4 years old i want to trade it in is this ok to do this?

in my last year of my iva and i am having to do another year as i won't have enough equity in the property for the iva so we agreed to pay for an extra year taking it to 5 years
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by Foggy » Sat Jun 03, 2017 2:58 pm
The car finance company is unlikely to accept you for another agreement until your credit file clears up after the 6 years. However, if they do, or you can secure finance elsewhere your IP may agree, as long as the payments remain the same. Whatever happens you will need his / her agreement first .
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