Thanks for replies Andy and Goffey,

Goffey - is yours actually a lease car ie you have it for a fixed term and then it is returned to the owner or do you actually own the car so that it is registered in your name.

Thanks

Brightie 1

Hi I am about to apply for an IVA and need some clarity about my car. I have a car loan (not HP) through a firm that works with my employer. The monthly payment is taken directly from my salary before I receive it. There is just over two years to pay of a 4 year loan. There is £3K left to pay and t...