Like I have a disease

[Keithh1632]

Do people actually buy vehicles while in chapter 13? I have been trying to purchase a vehicle for a few weeks now. I have court approval however, dealing with dealerships who have had trouble finding financing is like I have a disease. I am trading in 2 older vehicles to get one reliable one which is my down payment and I work a full time job. It is very frustrating. It seems like no one wants to deal with someone in bankurptcy.

[steveok]

I am waiting on my court approval which I should receive within the next week. I was approved through Carmax...you might check there...

[ValleYum]

Make a few phone calls to the larger dealerships or a place like CarMax in your area during work hours. Speak ONLY to the finance manager or F&I Specialist. Start the conversation by asking them if they want to sell you a car TODAY. Then explain the Chapter 13 situation by first saying you have Trustee approval. A savvy F&I guy will (1) fall all over himself to sell you a car TODAY and (2) will know about selling vehicles in a Chapter 13.

I worked for a car dealer back in the day and this should help you get to an experienced person within the hierarchy of a dealership.

Did you ask your attorney for a recommendation? They might know where other Chapter 13 debtors have purchased cars during their BK.

Good luck!!

PS: The closer mid-month and/or month-end is - the more amenable and helpful dealers are.

[justbroke]

You may not be able to get "traditional" lending especially through Ford Motor Credit, Toyota Financial Services, and even traditional banks. There is always USBank which is known to have a program for Chapter 13 debtors. You need a bank that specializes in Bankruptcy -- and more particularly active Chapter 13 -- cases.