Page 1 of 1
Posted: Thu Oct 08, 2015 4:29 pm
by starbucksqueen
Hi All
I was wondering if anyone could help me out a little!
Mine and my husbands F&f offers were accepted in July, fast forward to now and our cars MOT is due and we have a feeling its going to be bad! ( engine light just came on ) and the car is very old.
I know our iva will not actually fall off our credit file until the full 5 years are up which is another couple of years but i was wondering if we have any hope of leasing a car in our current situation?
If anyone has managed it would you please let us know who you have had yours with so we can look into it
Many thanks xxx
Posted: Thu Oct 08, 2015 4:49 pm
by relieved33
We used Dunctons, now Moneybarn, during the iva. Expensive but options were limited to say the least!
Posted: Thu Oct 08, 2015 4:54 pm
by kallis3
I agree that you should try Moneybarn.
Posted: Thu Oct 08, 2015 4:58 pm
by urbanfox
i used anycaronline - again expensive but with limited options it is good for shorter term lease as they only do 1 year for bad credit.
Posted: Thu Oct 08, 2015 5:25 pm
by lifenoteasy
If one of you works in the NHS see about the salary sacrifice scheme.
Posted: Fri Oct 09, 2015 8:43 am
by starbucksqueen
Thanks guys, Unfortunately neither of us work in the NHS so will check out the other options suggested
xx
Posted: Fri Oct 09, 2015 8:55 am
by FormerlyST1100
Have you got your Completion Certificate yet?
If you have maybe send an email to a leasing company up here in the NE called Lingscars.
I contacted them when I was looking to replace my 17 yr old car but they said as I was still in the IVA at the time they could not help but maybe able to help once completed.
Posted: Fri Oct 09, 2015 9:35 am
by starbucksqueen
Hi ST1100
We have got our completion certificates now, It's a case of trying to work out the best thing to do.
Our car is so old now...15 years old and it just seems we are throwing money at it left right and centre. MOT is booked for Tuesday and then we shall take it from there.
xx
Posted: Fri Oct 09, 2015 9:43 am
by FormerlyST1100
If you have the CC then you may well be in a better position than I was (now completed and CC received) so give Lings an email to check.
I had to go to Moneybarn as was still in IVA then and was shocked when they told me I could borrow up to £15,000 I was only looking for around £5,000.
There are a few limits on their scheme for age of car when repayments are fully made and mileage at beginning. They will also only lend up to the Trade Value of the car with you having to find the rest as deposit or Trade in and with a min deposit of £490 (I thing it was).
Good luck.