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Car Finance with IVA

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*Rates from 9.9% APR. Representative APR 23.9%

Can I get car finance with an IVA
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How IVA car finance works

Get a quote

Complete our short application form and find out if you’re eligible for a car loan in minutes.

Meet your dedicated account manager

Here to help every step of the way – look out for their call! You can chat over text or WhatsApp too.

Choose a car

Whether you’re looking for a hot hatch or a chic supermini, explore over 100k used cars in the car search or find your dream wheels from any reputable UK dealer.

Hit the road!

You set the pace; tell us exactly what you’re looking for and we’ll handle the rest. You could be driving away in days!

*Rates start from 9.9% APR - Representative example 23.9% APR

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What is an IVA?

Are you looking to get car finance with an IVA? Let’s find out how you might secure a deal.

An IVA (Individual Voluntary Agreement) is a formal agreement to repay your creditors at an amount you can afford. With an IVA, you can spread payments over an extended period, usually five or six years.

IVAs can be a good solution if you’re in debt. You could write off any unaffordable debt and start rebuilding your credit score.

Can I get car finance with bad credit history while in an IVA? Read on to see how being in an IVA should help your chances by showing commitment to resolving credit issues.

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How does an IVA work?

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Find what best suits you!

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Rates start from 9.9% APR –  Representative example Hire-Purchase (HP) APR of 23.9% on Hire Purchase car finance loan borrowing £6,500 over 5 years with a Representative APR of 23.9% fixed and deposit of £0.00. The amount payable is £178.13 per month, with a total cost of credit of £4187.94 and a total amount payable of £10,687.94.

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Can I get car finance if I am in an IVA?

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Does an IVA affect your credit score?

Can I keep my car on finance in an IVA?

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Do I need permission to take out a car finance agreement in an IVA?

How do I get permission to take out a car finance agreement?

Pros
Man Signing Vehicle Contract

How do you prove affordability?

Cons
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Proving you need the vehicle

Conclusion

What happens when you receive permission from your IP?

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Vehicle Dealership

How do I find a lender to give car finance with an IVA?

Am I eligible for an IVA?

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My IVA has ended, are my chances of getting car finance going to improve?

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What are car finance options available to me during my IVA?