A Comprehensive Guide to Conditional Sale Finance
Conditional Sale Finance is a straightforward and popular way to finance a vehicle. If you’re looking for a car finance option that allows you to spread the cost of your…
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.
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.
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.
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.
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:
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.
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.
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.
Chelcie RoweExcellent customer service. Friend, helpful and patient. Knowledgeable and reassuring. This company helped when nobody else could in regards to finance, and Leon was exemplary.
Celin RoisinKirsty has been an absolute star the entire way - even when we had to change car last minute, she had it sorted and kept me feeling confident and secure throughout the entire process! I would recommend her to anyone and whoever gets her as an advisor is so lucky!!!!
Andrew DeanReally smooth process, the guys were great from start to finish and couldn't be happier with my new car. Legends!
Dyan WalkerExcellent service. Ali was professional, attentive and extremely thorough. He explained everything clearly and was able to close the deal for me quickly. Initial contact was made on Saturday and by Monday everything was completed. 5* service.
Martin BallHello well had never brought a car this way before but was helped though the whole thing by great staff found a great car and within 24hours had a new car 5⭐ customer service
Toni SeraphinWas not expecting to be looking for another car so soon... and this was at no faulty of Happy motors... They handled the issue with my first car rapidly. Damian, Leon on the day of the bad event went above and beyond to rectify the issue and dealt with the dealership. This meant that Kirsty had to put up with me once again to find another car... and bless her understanding and patience again for dealing with me haha! I eventually found my car, and again Kirsty and happy motors were superb, quick and efficient fro. Auto trader add to the car being at my door... superb. I recommend this team to anyone and will spread their name far and wide.. and sorry to say Kirsty... I will definitely be back again without doubt or hesitation.
John Henry Oluebube MadukaI recently had the pleasure of working with Kirsty at Happy Motor Finance to secure financing for my new car, and I am beyond impressed with the service I received. From the moment we connected, Kirsty was incredibly knowledgeable, patient, and attentive to my needs. They took the time to explain all the financing options available to me, ensuring that I could make an informed decision.What stood out the most was their commitment to finding the best possible Car, rates and terms that fit my financial situation. Kristy navigated through the paperwork with ease, making the entire process smooth and stress-free. A couple of times I was feed up and wanted to give up but Kirsty reassured me that this will workout in the end. Thanks to Kirsty's expertise and dedication, I am able to drive away in my dream car with a financing plan that works for me. I highly recommend Kirsty from Happy Motor Finance to anyone looking for a reliable and supportive finance company and representative. Thank you, Kirsty, for your outstanding service! I appreciate You😊
Kane MillerThank you so much for the help and it was fast, easy and straightforward thank you Ali for the help if I could give you a 10 star I would 🌟⭐️
Hashem AhmedAs a seller, the whole process was absolutely professional and swift. Would highly recommend and definitely work with again!
Alex Timmins-JonesVery helpful and a personal touch. 99% of companies just click a button and leave you alone if rejected. Happy actually worked hard to understand my circumstances and make efforts to match. All completed in a couple of days start to finish. They obviously have a unique selection of finance companies on hand to support. Very happy with happy
