Hi all,
I lease my car, the lease will be up November 2010., I called the dealer today and asked about me buying the car early, he advised not to buy the vehicle I lease, but another, I explained to him about the Chapter 13 I am going to file., and he advised what we should do is, turn in her lease early., then purchase not lease but purchase(similar to what others have said on this board), a new vehicle., he pulled my credit score and it already went way down., so he advised I will need a cosigner in order to obtain and puchase a vehicle., so my mom offered., she works part time.., but knew up till this situation I have always paid my bills on time., so the sales man is going to run everything thru the account manager., but he feels it should be fine if need be my dad's retirement could be added in as a cosigner also. But he feels just my mom cosigning is enough., My payment will be about $450.00, I had to do something as when my lease comes up I will be in Bankruptcy and I am sure even with a cosigner they wouldn't give me a loan. So hopefully this is all taken care of this week. Any suggestions., or advice please ....also., I am not including anything whatsoever with my auto in my bankruptcy. Other question, I will probably have the loan for 5 years so then my bankruptcy would be discharged, what happens in the meantime if my car would be in an accident and be considered totaled., I guess I would not be able to obtain another vehicle., then I would be in a fix., boy this is so difficult., I certainly wish I didn't have to file bankruptcy, but I have no choice.
I lease my car, the lease will be up November 2010., I called the dealer today and asked about me buying the car early, he advised not to buy the vehicle I lease, but another, I explained to him about the Chapter 13 I am going to file., and he advised what we should do is, turn in her lease early., then purchase not lease but purchase(similar to what others have said on this board), a new vehicle., he pulled my credit score and it already went way down., so he advised I will need a cosigner in order to obtain and puchase a vehicle., so my mom offered., she works part time.., but knew up till this situation I have always paid my bills on time., so the sales man is going to run everything thru the account manager., but he feels it should be fine if need be my dad's retirement could be added in as a cosigner also. But he feels just my mom cosigning is enough., My payment will be about $450.00, I had to do something as when my lease comes up I will be in Bankruptcy and I am sure even with a cosigner they wouldn't give me a loan. So hopefully this is all taken care of this week. Any suggestions., or advice please ....also., I am not including anything whatsoever with my auto in my bankruptcy. Other question, I will probably have the loan for 5 years so then my bankruptcy would be discharged, what happens in the meantime if my car would be in an accident and be considered totaled., I guess I would not be able to obtain another vehicle., then I would be in a fix., boy this is so difficult., I certainly wish I didn't have to file bankruptcy, but I have no choice.
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