Auto financing during Chapter 13

[jkmommy]

We have a step down in our plan to purchase a vehicle. I have no idea what dealers in this area work with Chapter 13 or what kind of interest rate we would be looking at. Any one with experience financing an auto DURING the 13? Any insight would be appreciated.
We are in the Columbus Ohio area.

[blackngold]

Hi,

I'm in PA but this might help at least. Your lawyer might know of local dealers that will finance people in open 13's. You also need to have permission from your trustee in order to do so. I'm 2 years into my 13 and actually financed a vehicle last week. My interest rate is very high - 15%. My trustee approved the loan for the $10,000-$12,000 range. My credit score is 650. All trustees are different but I would guess you would probably be looking at something like that. Hope that helps. Good luck.

[jkmommy]

I don't think my lawyer does this often. He told me to just make sure payment is same as lease was, $410.

[Nicollette]

I believe the Trustee for the Southern District of Ohio, will not give you permission to finance anything more than 18%? I was in a ch 13, and the interest rate I had was 16.9%. There are alot of dealers in the Columbus, OH area that work with open 13s.