Used this process this week to purchase a new vehicle. Pretty easy and straight forward. It feels to good to get back on my feet and have nice things again. BUT we are now staying within our means for sure. Anyway, I got 10% for 72 months on a new Jeep Wranger without anything down. I was able to surrender my Ford Focus back to Ford Motor Credit and keep the Ford Escape that we got in April. We were SO upside down on the focus, which we purchased right before BK last year. Ford was very cool about us returning the focus even though we are keeping the other vehicle we have financed through them. They said it cannot effect the present loan and they will not ever report the CRA again. I felt bad about it but it just didn't seem smart to keep paying on something with such a high rate (18%). I'm rambling, but if anyone if wanting to use Capital One Auto...so far so good. Easy and painless process. Online app took 5 minutes and then I just had to fax a couple of things over. They overnighted the blank check to me. I applied on Wed. and drove home my new car today.
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Chapter 7 Pro Se....Discharged Feb. 2006 -
Well congrats, 10% is alot better than 18%, you'll still be paying seven grand in interest but its better than paying 10-15k. Jeeps are also a fairly solid investment as far as american cars go, they have strong resale value and are reliable, etc. -
thanks for the encouragement!Chapter 7 Pro Se....Discharged Feb. 2006Comment
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