Car finance with IVA
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We’re an introducer not a credit broker nor a lender. Rates from 8.9% APR. Representative APR 19.9%
Rates from 8.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. Rates from 8.9% APR. Representative 19.9% APR. Hire Purchase (HP) Example: Borrow £10,000 over 5 years with a £0 deposit. Representative APR 19.9% fixed rate. Monthly payment: £255.50. Total cost of credit: £5,329.80. Total amount repayable: £15,329.80.
Fast Easy Finance Ltd is an introducer not a credit broker nor a lender. We look to find you the best rate and will offer the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you're offered in any way.
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Your Step-by-Step Buying Guide
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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.