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    #1

    Car Repo Question

    I received my Chapter 7 discharge last October. Currently I am making payments on a Mazda with a balance of about $23,000 and 86,000 miles driven. That loan was never re-affirmed. I was thinking of buying an inexpensive economy car for $13,000 - $14,000 and just allowing my car to be repossessed. Are there any holes in my strategy that I am not aware of ? Any imput would be greatly appreciated.
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    #2
    none that I can see. I surrendered a car approx. 8 months after BK. Was fast and easy with Ford. No problems. Just make sure you can get financing for your new car before you ditch the old one.
    Chapter 7 Pro Se....Discharged Feb. 2006

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      #3
      CindyLynnSmith ....... Thank !

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        #4
        Did they come get it or did you drop it off?

        Originally posted by cindylynnsmith View Post
        none that I can see. I surrendered a car approx. 8 months after BK. Was fast and easy with Ford. No problems. Just make sure you can get financing for your new car before you ditch the old one.

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