IVA Car Lease

Tel: 01342837110 / Text CAR4 to 66777 / Email: sales @cvsltd.co.uk

IVA Car Lease

At CVS Ltd we welcome customers with IVA’s.  We are the bad credit car leasing specialists and look at affordability and traceability in our application process, but before we look at IVA Car lease, lets look at what an IVA is.

What is an IVA?

IVA stands for Individual Voluntary Agreement, This is an agreement between you and those you owe money to, paying off your debts at a rate you can afford.  IVA’s are not available in Scotland.

IVA Facts

  • IVA is a legally binding agreementIVA Car Lease
  • It is up to the people you owe to decide if they approve your IVA.
  • For an IVA to be approved at least 75% of the value of debt, however many people that involves to make up the value need to agree on the IVA
  • During and after an IVA

Car leasing with an IVA

As with all applications for credit, the lender will do a credit check on you, IVA’s will show on the credit check.  This will damage your credit score and you will find yourself in the subprime market.

Honesty is the best policy when applying for credit, the lender is going to find out that you have an IVA,IVA Car Lease so be honest.  Did you know that every time you apply for credit with any company each credit search carried out further damages your credit score.  That is why at CVS Ltd it is only when our in house underwriters have passed you in principle that we will carry out a search.

At CVS Ltd we do not believe that people should be penalised because they have an IVA, in fact we do not even look at credit scores when looking at car leasing applications.  We understand that peoples circumstances change, and that’s why we treat each application as an individual case.

As we have our own underwriters (we are the lenders, no third parties) we can also create a leasing agreement that suits your budget. An IVA Car lease is possible with CVS Ltd, Contact us today and find out what your options are.

Please note we are not legal professionals, if you are looking into IVA then seek advice from a professional in that particular field.

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