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Car finance options

Posted: Fri Aug 20, 2021 1:03 pm
by benjamin
Hello, I'm currently in an IVA but I'm in desperate need of getting car finance. Is this possible and if so where can I find the lenders

Re: <t>Car finance options</t>

Posted: Fri Aug 20, 2021 1:37 pm
by Foggy
Unlikely, but not impossible. Rates will be eye-watering! The big stumbling block will be getting the agreement from your IP. IF they agree then your choices of lender will be limited to the sub-prime sector, the most oftem mentioned one I know of being Moneybarn.

Many of us, myself included, limped through the IVA driving 'E-Bay Specials'.

Re: <t>Car finance options</t>

Posted: Sat Aug 21, 2021 10:20 am
by lifenoteasy
As Foggy says you need the approval of the IP but https://www.moneybarn.com/how-it-works/ ... cess/ivas/.

Re: <t>Car finance options</t>

Posted: Tue Aug 24, 2021 2:51 am
by kevin836
I was approved with Moneybarn while in an IVA. Even the though the interest rate was a little high, the payments were quite reasonable.

Re: <t>Car finance options</t>

Posted: Tue Aug 24, 2021 7:21 am
by kallis3
Let's hope your IP agrees to it.