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Latashia tells us:
We are filing a Chapter 7 bankruptcy, and it is due to be discharged by May. How long after that can we finance a car for a decent rate?
We are filing a Chapter 7 bankruptcy, and it is due to be discharged by May. How long after that can we finance a car for a decent rate?
Dorothy | March 8th, 2009 at 12:09 pm #
You will need a substantial down payment.
Marian | March 11th, 2009 at 11:47 pm #
I just had a chapter 7 discharge in January of this year. As soon as it was discharged….days, I was receiving offers to buy a car from like 20 different dealerships. Usually the dealerships have special sections that deal w/bankruptcy’s, repossessions, divorce, etc etc. They usually have a group of companies that work with high risk clients. The interest rate and payments may be a bit steep, but there are deals to be had as far as how much money you bring to the table to deal with and how flexible you going to be with how much of a payment you can handle. But generally, you can go to dealerships right after bankruptcy and bring your discharge papers and apply for loans and most likely get approved, but again, at a high rate and higher payment than most. And the deposits may be hefty depending on how low your credit score is at the time of applying.
Darlena | March 14th, 2009 at 2:37 pm #
For 6000 this time theres over 50000 thats free car you have another 4800 in your 1000 beater for right now just did search 50.
The middle are 2001 nissan altima 1994 mercedes eclass with about 74000 miles price between and you now for 20 years and watch two years from now for 6000 is 1997 dodge neon with about 74000 miles.