Hi there Twoshoes and welcome to the forum.
What you have heard is not quite right. If your car is worth less than £3000 and you need it for your job then there is no issue. However if the vehicle is worth more than £3000, you can still do a Trust Deed
but you have to pay the difference in the value and £3000 into your Trust Deed. The way that most people get round this if they are intend on a Trust Deed is of course to sell the car and buy a cheaper one. The difference is then paid into the Trust Deed
Ultimately under the rules of the Trust Deed, the car can be valued at the end of the 3 years agreement to double check that the value has not risen above £3000. However generally speaking cars lose value in 3 years (unless you are talking about something that used to be owed by David Beckham) so this is really a non starter.
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