Would we have to re-do income/expenses if we request to incur Auto Loan?

[tammygirl1]

We did purchase a newer car before filing but thought another of ours would make it through (already paying minimum to secured/priority + about 3% to unsecured). If we wanted to incur debt to replace our 2003/170kmlg car within the next year or so would we have to redo our whole plan? BTW, we live in N Calif.
Thanks,

[lrprn]

Assuming your 2003 car is paid off in full, whether your plan would have to be amended depends on several things:
- whether you can buy a used car for cash and therefore have no change in your expenses
- the amount of loan money you can finance to purchase a car which determines how much car payment you have each month
- what your trustee considers a "reasonable" monthly car payment
- adding in the new car payment, how much your other expenses have changed since filing

Start by talking between yourselves to sort out whether you want a "new" vs. a "new to you" car first and what you can reasonably pay for a car payment/month. Then set up a meeting with your lawyer and figure out how to proceed if you decide to pull the trigger and ask your trustee to go after a car loan.

Good luck and keep us posted on what you decide to do.