Car finance with IVA
Made Super
Get approved and drive away today!*
We’re a credit broker not a lender. Rates from 8.9% APR. Representative APR 11.9%
Representative Example: Borrowing £25,000 over 4 years with a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed) and a deposit of £5000.00 the amount payable would be £362.01 per month, with a total cost of credit of £7,376.69 and a total amount payable of £17,376.69. Based on 6,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only.
Let’s Get Started!
Your Step-by-Step Buying Guide
1
Get a Free Quote
2
Choose Your Car
3
Sign Your eDocs
4
Collect Your New Car!
What is Car finance with IVA?
Car finance is a common alternative to purchasing your next car outright and involves an agreement with a lender to pay over an agreed time period.
Car finance with IVA (Individual Voluntary Arrangement) provides financing options for individuals who are undergoing an IVA process, offering access to car loans with tailored terms to accommodate their financial circumstances.
Your payments can depend upon what car you decide to purchase, how long you wish to purchase it over, whether you wish to own the car, and how much you wish to pay upfront.
Why Choose Car finance with IVA?
Here at Fast Easy Finance, we’re committed to transforming lives, quickly and with no hassle. With a dedication to excellence and a commitment to unparalleled customer satisfaction, here`s why you should choose us:
What is car finance with IVA?
-Car finance with IVA (Individual Voluntary Arrangement) provides financing options for individuals who are undergoing an IVA process, offering access to car loans with tailored terms to accommodate their financial circumstances.
How does car finance with IVA work?
-Car finance with IVA works similarly to traditional car finance, but with lenders offering financing options specifically designed for individuals with active IVAs. These loans may come with tailored terms to reflect the borrower's financial circumstances.
What are the benefits of car finance with IVA?
-Benefits of car finance with IVA include access to financing for individuals undergoing an IVA process who may otherwise struggle to secure car loans, potentially offering tailored terms or higher approval chances compared to mainstream lenders.
What are the drawbacks of car finance with IVA?
-Drawbacks of car finance with IVA may include higher interest rates or stricter eligibility criteria compared to standard car finance options, as lenders may perceive individuals with active IVAs as higher risk borrowers.
What are the different types of Car Finance?
We appreciate there are many different types of Car Finance products for you to choose from, and knowing which one meets your needs best is the key to happy financing. See a few of the different types below.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.
Personal Contract Purchase (PCP)
The loan is secured against the car, but you don't own the car when the loan term ends.
Instead, you can choose to give it back, use any positive equity as a deposit in a new deal, or buy the car by paying the balloon payment.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.