Welcome to the forum craigied7.

I'm afraid that I suspect being in a trust deed currently will be a significant obstacle to getting a leased vehicle from most providers.

We are aware of a couple of finance providers that will consider hire purchase applications from people who are in trust deeds. The interest terms aren't attractive, and written consent from your trustee may be required, but it might be a solution.

As always with any kind of credit though, the only way you'll find out for sure is by applying.

That's what I suspected. My employer offers a leased car scheme but the company that deals with the finance advised that a credit check will be made during the application process which no doubt will be my major stumbling block. They did say that they also request bank statements to justify my affordability which I can certainly provide showing I can save £500 a month.
As you say the only way I will find out is by applying and the fact my credit rating will be low for at least another 3 years anyway I may aswell try.
My best option is to continue saving till I get sufficient funds for a newer car than I have and hope my current one doesn't collapse before then!

Thanks again for your advice. Cheers

Have you ran the being able to save £500 a month bit past your trustee? I'd be worried that the discover this and look to revise your payments. My understanding was that everyone is tied in to the same expenditure guidelines. On that basis most people should have the same amount of 'free' cash each month as the other. £500 is a lot to have free after everything has been paid.

I was just about to say the same re the £500 - that is a LOT of spare cash when you are in a TD! Surprised your Trustee hasn't asked why it is spare?? I don't know if this helps but Stoneacre have a specific department for bad credit. I was turned down as I didn't have a deposit, but they offer their own finance with a good deposit. I think they are only in England but maybe worth a shot if you are that desperate!