Car loan or lease options whilst in an IVA

geocr

Hi,

I am currently in an IVA and have been offered a job which comes with a car allowance. Is there any way of me getting finance for a car or a lease agreement in order to be able to take this job?

Many thanks G

Apples2

You'll have to discuss it with your IP.

If it is in the best interests of your creditors, I.e. your new job means they receive more, then it is possible.

Finding a company who isn't going to charge the earth is a different matter.

opinions4u

While quality of car could be an issue with your employer, you could buy a modest £500 affair after a couple of months of receipt of allowance and use the additional income to pay off your creditors faster.

Or is there the option of a company car?