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    During Debt Review

    Can I buy a car while under debt review?

    No, you cannot take on any new credit while under debt review, including vehicle finance. This is a legal restriction under the NCA designed to prevent you from accumulating more debt.

    However, you CAN:

    • Save up and buy a car with cash

    • Use your emergency savings fund (which you should be building during debt review)

    • Purchase a vehicle once you receive your clearance certificate

    Some clients prioritize paying off their vehicle finance early within the debt review plan to get a newer vehicle sooner after completion. Speak to your debt counsellor about restructuring options if this is a priority.

    Expert Answer

    Provided by NCR-registered debt counsellors (NCRDC3106)

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