Rent or lease a car?

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steven938

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Post by steven938 » Tue Oct 20, 2020 9:26 pm
Hello i'm in a IVA for about 2 years and 3 mths ,would i be able to rent a car or lease one, as i need it for work to get back and forth ,as my car has a balloon payment due in december but will not be able to make payment ,so will be going back and been turn down for finance .Thanks Mr Reeves

steven938

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Joined: Tue Oct 20, 2020 9:26 pm

Post by steven938 » Tue Oct 20, 2020 9:32 pm
Will i be able to rent or lease a car as i need one for work and my pcp agreement ends in december and has a balloon payment due which i can't make ,so will be going back.

Foggy

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Post by Foggy » Wed Oct 21, 2020 6:50 am
Some finance companies will re-finance a balloon payment in an IVA --- but they are very few and far between. It is unlikely that you will get another finance agreement, but, if you find a company willing to entertain you, you will need the permission of your IP as well.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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