IDA savings can put you behind the wheel
NOTE: IDAs for vehicles are currently unavailable.
Please leave us your information if you'd like to be notified when they become available. We also suggest contacting More Than Wheels, a partner nonprofit that may be able to help you organize your finances and buy a car, even without an IDA.
Do you want to buy a reliable, fuel-efficient car, but aren’t sure you can afford it?
An Individual Development Account (IDA) can help.
By matching every dollar you save toward your car purchase with an additional $8, the New Hampshire IDA Program makes reliable transportation a reality.
You can use your IDA savings, plus the match money you earn, to buy a new or nearly new car through More Than Wheels.
More Than Wheels is a nonprofit organization that helps consumers negotiate with dealers and find affordable financing to get the best deal on a reliable, fuel-efficient automobile.
An automobile IDA can help you:
- Cover some or all of the costs of buying a car
- Save the money you need to buy a car more quickly
- Lower your monthly car payments by reducing how much you borrow
- Pay for a car if you are not eligible for a loan or prefer not to borrow money
IDA funds cannot be used to make payments on existing car loans.
Are you ready to invest in your future?
Contact More Than Wheels today at (866) 455-2522.
You can also contact the Community Loan Fund for further assistance.