IVA Car Finance

  • Take our 1-minute application
  • We find you the best possible deal 
  • We do the paperwork, you drive away!
Get a FREE quote - with no impact to your credit score!*
Applicants must be either employed or self-employed
Representative APR: 19.9% APR
We act as a credit broker, not a lender
Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

*It is only if you choose to proceed with a vehicle then a hard search will be carried out.

If you’re in an IVA or a debt management plan, you might be wondering if you can still get a car loan. The answer is yes, but there are some things you need to know.

Can I Get Vehicle Financing During an IVA or Debt Management Plan?

Being in an IVA or a debt management plan doesn’t mean you can’t get car finance. It just means that you have to work with lenders who understand your situation and are willing to offer you a deal. At Happy Motor Finance, we have access to a panel of lenders who specialise in providing car finance for people in an IVA or a debt management plan. We can help you find the best option for your budget and circumstances.

What kind of interest rate can I expect with an IVA or a debt management plan?

One thing you have to be aware of is that having an IVA or a debt management plan can affect your credit score and make you a higher risk for lenders. This means that you may have to pay a higher interest rate than someone with a good credit history. However, this doesn’t mean that you can’t get a reasonable deal. We will work hard to negotiate the best possible rate for you, based on your income, deposit, and vehicle choice.

Can I refinance my car loan after completing my IVA or debt management plan?

Yes, you can. Refinancing means that you replace your existing car loan with a new one, usually with better terms and conditions. For example, you may be able to lower your interest rate, reduce your monthly payments, or extend your loan term. This can help you save money and improve your cash flow.

However, refinancing is not always available or advisable. It depends on several factors, such as the current market conditions, the value of your vehicle, and the remaining balance of your loan. You also have to consider the fees and charges involved in refinancing, which may outweigh the benefits.

At Happy Motor Finance, we can help you decide if refinancing is right for you. We can also help you find the best refinancing deal from our panel of lenders. We will keep an eye on the interest rate trends and let you know when it’s a good time to refinance.

How can I apply for car finance with Happy Motor Finance?

Applying for car finance with us is easy and fast. You just have to fill out a simple online form on our website and we will do the rest. We will perform a soft credit check that won’t affect your credit score or leave any footprint on your credit file. We will then match you with the most suitable lender from our panel and get back to you with an offer.

Once you accept the offer, you can choose any car from any reputable dealer in the UK. We will handle all the paperwork and arrange the payment for you. You can then drive away in your new car and enjoy the freedom and convenience it brings.

If you are in an IVA or a debt management plan, there are two more things you need to do before applying for car finance with us:

  • Make sure that the vehicle meets the requirements set by the lender. These may include the age, mileage, value, and condition of the vehicle.
  • Get written permission from your IVA supervisor or debt management company. This is to ensure that taking out car finance won’t affect your existing arrangement or compromise your ability to repay your other debts.

We can help you with these steps as well. We can advise you on what kind of vehicle to look for and how to get permission from your IVA supervisor or debt management company.

How Can I Find the Right Vehicle While in an IVA?

Once we secure lender acceptance, the process moves forward to the exciting phase of selecting a vehicle. You have the option to independently find a vehicle or take advantage of our personalised shopping service, wherein we assist you in finding the perfect car, van, or motorbike based on your specific requirements.

A Positive Path Forward

IVAs have become increasingly common in the UK, providing a vital solution for individuals facing challenging financial circumstances. The path toward financial recovery is attainable, and you can soon be back on the road to stability. Happy Motor Finance is dedicated to expertly guiding you through the comprehensive process of securing the necessary financing.

The smart choice

  • If you currently have vehicle on finance, we can help you get your Settlement Figure
  • £0 deposit options
  • No arrangement fees
  • No obligation quote
  • Most credit scores considered
  • Apply online 
  • Get a decision in minutes
  • The smart choice for reducing your payments and keeping the vehicle you love!
Personal Shopper Service
If you've not decided which car you want, you can get your finance approved first then we'll help you search for the perfect car
Receive a Call Back
One of our experts will call you back at a convenient time
Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

*It is only if you choose to proceed with a vehicle then a hard search will be carried out.

Finance Calculator

Amount to Finance
Monthly Budget
-
£
+
-
£
+
24
36
48
60

Approximate Monthly Payments

Excellent Credit
108
Good Credit
127
Fair Credit
146
Poor Credit
193

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

*Our lenders operate using an initial "soft search" which does not impact your credit score however, if you wish to proceed with the finance offered, the lender may carry out a "hard search" prior to sending you the finance documentation to sign.

Approximate Amount You Could Borrow

Excellent Credit
10.00
Good Credit
10.00
Fair Credit
10.00
Poor Credit
10.00

Get Started
With no impact to your credit score*

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

*Our lenders operate using an initial "soft search" which does not impact your credit score however, if you wish to proceed with the finance offered, the lender may carry out a "hard search" prior to sending you the finance documentation to sign.

What Our Happy Customers Are Saying

Amazing experience from start to finish, the people there don’t push you into anything. The checks are really good, they not only check out the car but who you are buying it from. Thanks to Matthew and Leon for all their support in helping me choose the right car for me.
K Robinson
Trustpilot
They were extremely helpful and did everything they could to get me finance even with a bad credit rating. Couldn’t recommend these guys enough. Leon talked me through it every step of the way, the company are lucky to have you😊
J Baxter
Google Reviews
Very helpful team Leon walked me through the whole process and didn’t push. He also gave brilliant advise and set up warranty package that gave me peace of mind.
Karlrobo
Google Reviews
I've just picked up my new car, absolutely love it, Alan was amazing I told him everything I was looking for in a car and within minutes he found my dream car, Alan kept in contact with me through the whole experience, checking I was still happy with everything, I would highly recommend Happy motors finance and have already done so with friends. THANK YOU SO MUCH! 😊
A Taylor
Trustpilot
Cannot praise this company highly enough. Dealt with Alan, who pulled out all the stops and exceeded my expectations. Everything went so smoothly. Alan also made sure I was given all the details needed and communication was excellent. Keep up the good work guys.
C Cairns
Trustpilot
Song Bird
Song Bird
Could not recommend Happy Motor Finance enough. Kirsty has been so helpful throughout, searching for cars and contacting dealerships on my behalf. She has gone above and beyond and made what could have been a stressful experience a walk in the park. Would definitely use again. Highly recommend
Jordan Little
Jordan Little
Brilliant service sorted everything for me
Tricky Mooney
Tricky Mooney
First class, quick and easy and extremely helpful from start to finish 👍🏼
Lucy Holden
Lucy Holden
Brilliant service from star to finish super fast on the forms and got my dream car ❤️
Debbie King
Debbie King
Excellent company highly recommend. Always available to help, brilliant communication and always kept informed of how the process was going. Swift, helpful and kind. Can’t wait to collect my new car. Thank you.
Nicola Redgrave
Nicola Redgrave
Fab from start to finish! Thank you so much! Can't wait to pick my car up! ❤️
Matthew Moxham
Matthew Moxham
Absolutely 110%.. Extremely helpful very fast replies.. Absolutely could not do enough for me.... Customer service is exactly how it should be... Amazing experience from the start to finish Thankyou
A M
A M
Easy and very helpful in finding the right car for me
Some of our trusted partners
Oodle - Car Finance Loan Lender
Marsh Car Finance - Motor Finance Broker
Advantage Finance - Car Finance Broker Partner
Lendable Car Finance - Motor Finance
Close Finance - Motor Finance Partners
First Response Car Finance Broker Partner
Happy Motor Finance Limited is registered in England and Wales under company number: 14387669. Registered office address: Clippers House, Clippers Quay, Salford, England, M50 3XP

Happy Motor Finance Limited (FRN - 989250) is authorised and regulated by the Financial Conduct Authority. We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) this will not affect the rate you are offered or the amount you will pay back. The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers.

Happy Motor Finance Limited are registered with the Information Commissioners Office under registration number: ZB408604

VAT Number: 456 0212 21