Help please - Advice most welcome, thanks!

katiemay_2

FoggyBrain wrote: »

That might be a CCCS thing, katiemay. I have friends in IVA with cars around £8 - 10k and been allowed to keep them. As long as it's a modest vehicle it should be OK. After all it has to last at least 5 years and not need too much in the way of repairs.

Yeah, modest was the question with mine! Its a Mercedes SLK which although it isn't really worth that much in cash now (but its worth thousands to me in sentimental value) it doesn't really look good on paper. I was panicking but luckily it came in just under the 5k (which yes, may be a CCCS thing) as they use the lower end of the spectrum on the Glass's guide on the internet as the value of your car. Personally, I feel very, very lucky to have been allowed to keep it.

And the friend I mentioned did go through CCCS too so the advice I gave regarding cars on finance may only be applicable to them