Lease hire car

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1


User avatar
Posts: 1
Joined: Wed Sep 08, 2010 4:43 pm

Post by jayne.oe » Wed Sep 08, 2010 4:43 pm
My husband and myself are just having our first appt through CCCS to start an IVA, I have a lease hire car through work as I need to travel to do my job, the payments come straight out of my wages before I get paid and the car belongs to my employer but I am tied into the lease hire for four years. Can I keep this arrangement if we enter in to an IVA agreement.


User avatar
Posts: 734
Joined: Mon Jul 27, 2009 9:58 am

Post by liamjames » Wed Sep 08, 2010 4:48 pm
Hi Jayne!

It's quite common to allow a lease to continue if you need the car, and taking this out of the wages is a good way of ensuring that it gets paid as a priority. As long as you can demonstrate that you need the car to get to and from work, and it's not overly expensive, then I can't imagine it will be a problem.

Have a word with your IP about this as soon as possible, to ensure that they take it into account when calculating your payments. You will need to supply a copy of the agreement to CCCS so they can check when payments will finish.

Take care. :)
Take care,

Liam James
Varden Nuttall

Read our reviews here:


User avatar
Forum Expert
Posts: 76947
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed Sep 08, 2010 5:00 pm
You need to sort this out with your potential IP.

I would also look to speaking to one or two other companies as well as CCCS. Either visit for a list of companies and reviews, or contact the experts who post on the forum via the link on the left hand side of the page. The advice is free and impartial.
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.


User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am

Post by MelanieGiles » Thu Sep 09, 2010 1:19 am
Absolutely - this is an expense of the IVA and should be recorded appropriately.
Regards, Melanie Giles, Insolvency Practitioner
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”