www.iva.co.uk

What is the best way or company if anyone knows, to get car finance whilst in an IVA?

I have spoken with my IVA company and they advised that because we have only been in the IVA for 3 months we will not be able to let the repyaments for car finance effect the payments we are currently making....

Any suggestions?

Thanks

im sure your ip is going to want to know where the money for car finance is going to come from because once in an iva youve already commited all of your disposable income.
unless it was from the first 10% of your overtime of course.

we do actually agree not to take out finance when in an iva so you need your ips approval.

Some people do have to take out finance whilst in an IVA, but it sounds as though your IP won't allow this.

Has something happened since your IVA was approved that means you need a new car?

this has always looked to me like the most short sighted claus if you like about car finance or lease payments.
a car is sometimes the only way to get to work(i drive 90 mile round trip)and to say they cannot find a way to make sure you can keep your job by having something in place re a car is daft.
if i was put in the position of having no car then that would mean no job and bankrupsty here i come.
doubt anybody would win the creditors me or the iva company
i know a lot of posters on here have understanding ips and very often get sorted out so i hope my ip is in that bracket if ever i was in the need of this kind of help

Back on track there has been companies mentioned on here before that do car finance in an IVA....can't recall their names unfortunately but dig around and you'll find some posts on the matter. Good luck.

Car finance will obviously be quite expensive in terms of disposable income you are currently paying to creditors.

Back on track, we don't know if the OP has a car at the moment, whether an old banger or nothing at all. If you enter an IVA with a secured finance on a car, if it's included at outset it should be fine.

Several posters have used Duncton.

Cath is right, if there is finance at the outset of the IVA and it then has to be extended it's not usually a problem. The problem arises when finance hasn't been accounted for.

yes i know about duncton cars and the others,my point was that surely when we enter a iva and everythings sorted out things can happen to your then fine car.
if things go t*ts up with it then surely we have to work something out re- payments with the creditors or the iva simply cannot work.
fine if you got things in place at the beginning but as most of you are aware nothing in this game is plain sailing.
my car(touch wood)is only 5 years old and in very good condition but if something happens in the next 4 years to it then i would expect the same amount of help from my ip and creditors as i got at the outset of my iva.

I think the problem is the original poster is only 3 months into his/her IVA, and we don't know the circumstances.

If anyone does have problems then their first port of call should be their IP. They aren't the enemy and they may be able to help. The worst thing to do is keep things from your IP - a poster recently had his IVA terminated for taking credit whilst in an IVA.

yeah i know your right and i suppose 3 months in this should have been talked about at the time.
i get on very well with my ip company so no worries there,but as they say "you never know"[:)]
this is the only thing tat would ever bother me

I'm glad you get on well with your company, it makes such a difference if your IP is approachable!