any loans available for car finance in iva

[jed.]

I am currently in my 20th month of an IVA and have written into my agreement my car finance as I am provided with a car allowance from work to purcahse a car, I need to change vehicles shortly as my agreement ends and my car now has 109,000 on the clock, I have permission from my IP to enter into a new agreement, but I am unsure if I will be able to gain car finance, are there any loans available for people in this situation ?

[MelanieGiles]

Hi jed and welcome to the forum

Storm has recently posted some details of companies which will offer finance to people in IVA's - try and find that thread of approximately two weeks ago.

As an alternative, could a member of your family (with a good credit record) take out the loan in their names and then you pay them the equivalent of the monthly instalment?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

added by admin: answer on car finance by storm http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=2869

[Adam Davies]

Hi
The three companies that Storm has identified are
www.advantagefinance.co.uk

www.flexiblecarleasing.co.uk

www.duncton.com

Hope this helps

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp