www.iva.co.uk

Just been on their website and spotted that the loans are called "Conditional Sale" The following is an extract from under this heading.

Conditional Sale

This type of regulated agreement is normally a fixed cost, fixed period finance agreement to purchase goods where the goods provide security for the lender. It is well suited for the purchase of motor vehicles.
"You are effectively the owner of the car, but in law the title of the car will not pass until all the repayments have been made."

Does this mean that their name appears on the log book, or is it just like any other car finance where we would be on the log book, but the car would be theirs if we failed to maintain the payments.

I think that your name will appear on the log book - it just means that if you default on the payments they can snatch it back.

Hubby has a motability car - it's not ours but his name is on the registration document.

The name on the registration document is that of the registered KEEPER, not that of the actual owner.

It seems like any other car hire purchase agreement where you dont own the car till you have paid for it all.
From my experience in the past once you paid a certain amount the finance company had to get a court order to take the car back once you defaulted so many payments and then by another period they couldn't take it back. Also once you paid 50% or approched halfway of the agreement then you could terminate it by handing the car back with no penalties.
Read through fully the terms and conditions as i imagine with a company like dunctions assisting those with poor credit/iva they will differ.

Thank you everyone. Not planning on contacting Dunctons just yet, was just eyeing up my options as will be needing a new car shortly. I had read about them on this forum and decided to take a look at their website and came across that statement. It is as I had anticipated, but just wanted confirmation. Thanks again.

Until this month we had a car with Dunctons and found them to be a good provider - for people in an IVA they are a means to an end but their interest rates of high.