Hello!
I normally just follow along and read but I thought I would post today...
We discharged on November 2nd, 2010 ...
We were driving a 1998 Ford E350 and a 1997 Mazda 626. We were caring for 3 children for a while, hence the giant vehicle (with my 2 and all of them in car seats we didn't fit in even most minivans, throw in some groceries and forget it). Well, both were paid for. After the 3 children went back to their family I had a giant van and a school we volunteer at needed one ... so I gave it to them. We have gone the last few months with only the one car. We looked at all kinds of used cars and I checked craigslist every day for a cheap car. I would email on one and before me there would be 50 other emails. We finally gave up on that and thought we'd look at cheap used cars that we would need financing for. We figured we would have to rebuild our credit some time ... Well, we didn't really have a lot of luck at that either! We ended up getting approval from RoadLoans at 25% interest up to 18k. We brought that to a local Chevy dealer and he got us approved at 19% through GM Financial. So, we're driving a 14k 4dr Aveo, brand new.
I had decided not to buy a brand new car, but the price was barely more than one with 40k miles on it ... and we'll probably keep it for 10 years (you can see from our last vehicles that I'm not afraid of an old car)
The point of my giant post (lol) is that GM Financial is very friendly! They were great to deal with! The interest isn't really low - but we are barely discharged ... and we had two repos in our bankruptcy ... (long story). I think the 19% is good considering our past problems. We are going to make double payments every month and maybe we'll be able to get it refinanced lower in a year or so.
I normally just follow along and read but I thought I would post today...
We discharged on November 2nd, 2010 ...
We were driving a 1998 Ford E350 and a 1997 Mazda 626. We were caring for 3 children for a while, hence the giant vehicle (with my 2 and all of them in car seats we didn't fit in even most minivans, throw in some groceries and forget it). Well, both were paid for. After the 3 children went back to their family I had a giant van and a school we volunteer at needed one ... so I gave it to them. We have gone the last few months with only the one car. We looked at all kinds of used cars and I checked craigslist every day for a cheap car. I would email on one and before me there would be 50 other emails. We finally gave up on that and thought we'd look at cheap used cars that we would need financing for. We figured we would have to rebuild our credit some time ... Well, we didn't really have a lot of luck at that either! We ended up getting approval from RoadLoans at 25% interest up to 18k. We brought that to a local Chevy dealer and he got us approved at 19% through GM Financial. So, we're driving a 14k 4dr Aveo, brand new.
I had decided not to buy a brand new car, but the price was barely more than one with 40k miles on it ... and we'll probably keep it for 10 years (you can see from our last vehicles that I'm not afraid of an old car)The point of my giant post (lol) is that GM Financial is very friendly! They were great to deal with! The interest isn't really low - but we are barely discharged ... and we had two repos in our bankruptcy ... (long story). I think the 19% is good considering our past problems. We are going to make double payments every month and maybe we'll be able to get it refinanced lower in a year or so.
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