Need a Car Now

[howdidithappen]

My chapter 7 bankruptcy is being reopened (no record of completing second course). My 2003 car with 208,000 miles needs over $8000 of work. --Can't afford it nor would it make any sense. I need a car - I am disabled and nothing is within walking distance. My lawyer tells me Auto Lenders will loan to people in bankruptcy. Anyone know of some lenders that would help me? What rates are people like me currently paying? Will buy something used but don't want to buy something that will break down after I buy it. How about down payments? Was going to put down $1000 - how much loan would that get me?
Thanks to all that reply!

[tobee43]

so you were discharged but not closed correct??? i'm wondering if you can try cap one auto??? wouldn't hurt. we got loan there. people were saying on the forum they were getting 3.1 or there abouts, our credit scores are in the low 700 and we got 5.1 from them on a new car. point is we got it and got the car (although i'll pay off the car in a few months if that). i just google cap one auto loans .com or something close. it's worth a try to see if you get approved!

being that you are most likely discharged the re opening for the course issue hopefully shouldn't get into the way of your getting the car loan.

[howdidithappen]

just found out I was dismissed with no discharge

[tobee43]

well there are two orders one closed order and one discharge order. so you can't be dismissed without a discharge? but you can be dismissed. i mean your entire case can be dismissed by the bk trustee.

either you case is open or close or discharged or not. i know confusing.

it it's discharged but open you have a shot at getting the loan.

[howdidithappen]

yes, confusing. case is going to be reopened, witihn the week, so I don't know where I am according to your descriptions. Am currently renting a car which is costing a fortune.

[tobee43]

just go to the cap one site and apply for the auto check.... it will be a hard hit on your credit but you may be surprised and qualify. it they say yes you get approved and you get a blank check you rec it about 4 days and then you go take the check and get yourself a reliable car so you can stop worrying.

ok so it was close and now going to be reopened but it sounds like it was discharged which is good. go try it what to you have to lose other than that hit on your credit inquiries!

[RichM]

And if tobee's advice doesn't work out for you...

You're in New Jersey. I think New Jersey is one of the best places on earth to buy a used car. My best deal ever on a used car was from a lot in Newark. (Or close to Newark... somewhere around Newark.) I bought that car for $1,850.00 three years ago, and by the grace of God, she's still running.

There are a lot of car dealers in New Jersey who offer good deals on less-than-perfect used cars that may get you through this storm. A lot of trade-ins from all over the Northeast seem to find their way to New Jersey. If you can come up with $2,000.00, you can probably get into a car today that will at least pass state inspection, and maybe last you a year, until you can start getting decent financing on something better. It's something to at least think about.

The trick, of course, is to find an honest car dealer, which is always a challenge. But ask around. Find out if any of your friends or relatives know someone honest in that business. Some used guys can actually be quite decent, especially the ones who've been around for 10 or 20 years in the same place. A few will even finance you on the spot (or at least let you spread the payments out over a few months). You'd be surprised: There are some pearls among the scum in that business.

-Richard

[tobee43]

And if tobee's advice doesn't work out for you...

You're in New Jersey. I think New Jersey is one of the best places on earth to buy a used car. My best deal ever on a used car was from a lot in Newark. (Or close to Newark... somewhere around Newark.) I bought that car for $1,850.00 three years ago, and by the grace of God, she's still running.

There are a lot of car dealers in New Jersey who offer good deals on less-than-perfect used cars that may get you through this storm. A lot of trade-ins from all over the Northeast seem to find their way to New Jersey. If you can come up with $2,000.00, you can probably get into a car today that will at least pass state inspection, and maybe last you a year, until you can start getting decent financing on something better. It's something to at least think about.

The trick, of course, is to find an honest car dealer, which is always a challenge. But ask around. Find out if any of your friends or relatives know someone honest in that business. Some used guys can actually be quite decent, especially the ones who've been around for 10 or 20 years in the same place. A few will even finance you on the spot (or at least let you spread the payments out over a few months). You'd be surprised: There are some pearls among the scum in that business.

-Richard

richard, i had to crack up when you were talking about those car lots in newark. we use to drive through downtown that and jersey city when all those scary cars LOL!! i use to think oh, i wonder if someone was murdered in one of those. they were such scary places and you never know where that car has been. i know when my daughter and son in law needed one we just went to a respectable known dealer down on route 22. now that's nothing but auto role. so that's another place OP may try?