Stephend0890 wrote:any advice on rent to but cars in a iva....looks like i'll get a payment break and could use this cash towards a car this way 300 deposit 30 a week for 12 months then car is mine, would this be acceptable in a iva? no credit checks no loans all in house with a local garage
If your IP is happy and gives permission I would imagine you would have to fund the payments from existing allowances -- I can't see your creditors agreeing to, effectively, pay for your car by reducing the IVA payment to cover the "rent" ....(however you dress it up, it is still a loan though).
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