Buying a car during an IVA is possible but comes with strict financial boundaries that you need to respect. You must be at least 21 years old and have valid UK residency for the last three years to even qualify for consideration. The financing terms often require a deposit between £100 and £10,000, and the difference between your deposit and the loan amount must be at least £5,000. Interest rates can start from 9.9% APR but may climb higher depending on risk, so check the numbers at Car Plus Always calculate the total cost over the full term to ensure it fits your restricted budget.