Car financing in an active 13

[walkthaplank]

I didn't want to derail a different thread, so I thought I would start a new one. I'm sure at some point during our plan I'll have to replace a car. We'll have our newest car paid off in just under 3 years and a 401k loan paid off about the same time. At that point one of my cars (if it is still running) will be 19 years old. Would a trustee allow me to finance my own car with a 401k loan? It would be guaranteed approval at a competitive interest rate leaving more money to pay into the plan rather than a 25% car loan from one of those sharks.

Any thoughts or experiences along those lines?

[lrprn]

Hard to say what might be possible - a lot depends on what your trustee thinks. Your lawyer is likely to have some insights for you around how others in Ch 13 have fared getting a car during an active 13 plan. Some lawyers even help by providing sympathetic auto lender contacts in the area!