Duncton Car Finance

[Julie]

If the car is a necessity for work your IP would have to approach creditors for a reduction in your repayments.

If your IP proposes your case correctly, there shouldn't be a problem as without the car you wouldn't be able to work,thus the IVA would probably fail. Therefore, even though payments would be reduced, creditors are still getting a return.

[back on track]

thanks for that advise julie
i know it makes sense but in an iva there are so many ifs and buts that its hard to know where you stand.
touch wood(my head)everythings fine and dandy at the moment even my job seems to be rock solid at the moment but its that nagging doubt all the time of "what if" my car dies.
thats the only worry i ever have about my iva term

[Julie]

I can understand your worries back on track - but as the saying goes, "don't worry worry until worry worries you" [:D]

I'll touch wood everything continues fine and dandy for you [:)]

[thefsg]

Hi there, I've got to replace my current lease car in August (and according to the terms of my IVA somehow save £100 per month) and wondered if people were buying cars on HP or leasing through Duncton?

[Julie]

We are leasing via Duncton. Tied in 4 years, upgrade car after 2 years.

[Shining]

I have never considered leasing before but having looked at Duncton site and read the positive posts, it's something I may look into further once my IVA has concluded.

[Julie]

Lesley - for us, its been great as its given us peace of mind that the car is reliable and we won't be shelling out for repairs.

[Shining]

Don't understand it totally Julie, a leased car do they take care of the repairs? Are you responsible for taxing, (I doubt it would need an MOT?) and servicing, insuring etc.,

[Julie]

We are responsible for servicing, tyres and have to have our own insurance.

No MOT with our car as its less than 3 years old. They pay for the tax and any other repairs that may be needed. If we did happen to breakdown (touch wood we don't) then they sort all that out too and obviously replace the car.

Its not cheap by any means but neither was forking out on endless repairs. It was right for us at the time and we'll have to consider our options again at the end of the lease.

[Shining]

Thanks Julie for that as like I say hadn't even thought of leasing a car prior to IVA x

[alx33277]

Hi All,

Just a quick update to let you know that today Duncton have re-branded and are now known as moneybarn. Our website is www.moneybarn.com

Regards

Adrian

[Adam Davies]

Hi
I have just changed the above post slightly but can confirm that Dunton are now called Moneybarn.

Adrian, no email addresses allowed without my permission I'm afraid
Regards

[Sensible77]

It strikes me as odd that this company will provide finance to a person in an IVA yet remortgages to release equity are nigh on impossible at the moment and that money is secured on your property.

[kallis3]

I'm glad there are such companies about. The APR may well be high but they will take a chance.

I don't find it odd - the loan is secured on your car so if you don't pay, they come and snatch the car back.

[Broke of London]

Mortgage companies could never get away with charging these rates!