Give me some advice on my car..

[RackingJ]

How hard do you think financing is going to be? What kind of rates do you think they will offer?

I think it depends on how long you wait after discharge and what your credit was like before BK. I've read on here that people are getting decent rates all the way up to 25%.

[walkthaplank]

Listen to your lawyer. Ride through and when you are able to buy a more affordable car let this one go back. Any questions from the in-laws, you traded it in for a more "sensible" car

I understand not wanting the family to know. With me, I just don't want to deal with them and their advice and I don't want to tell them to go to he-ll either. It is a fine line to walk.

[mike258]

Everything screams give it back. I'd like something with better gas mileage. I'm easy to please. It can be a small cheap car.

We still haven't filed our income taxes we plan to do that Friday. That will give us $2K in cash plus with what I'd save on the note we would have $2600 at the end of this month alone.

Thanks guys!

If your gut says give it back, then give it back. Take that $2,600 and buy something on Craigs List. If you can come up with another $2,000 or so, you will be able to get a car that will last a long time...

Do this (easy for me to say, lol).
Buy a cheap car on CL. Take that $592 a month payment you planned on sending to the finance company and deposit it in saving account. You will have $24k in the bank in 42 months. After the 42 months is up, take $5k and go on a vacation or something (you would have earned it).

[OhioFiler]

I understand not wanting the family to know. With me, I just don't want to deal with them and their advice and I don't want to tell them to go to he-ll either. It is a fine line to walk.

Actually there are several lines between those two choices. Try this one:

Mom and Dad, I'm a big girl now and I make my own financial decisions. If I were 16 looking for my first car I might ask you for your advice. As it stands now I'm quite capable of handling this myself and I trust you are both capable of understanding that. I'd rather not discuss this any further with you. Thank you for your support.

[aces67]

Well dh is dead set on keeping this darn car. It suddenly dawned on me while I was talking to him about it that we are already behind one note. So instead of paying $592 this month I'll probably have to pay them $1184 right? I mean to bring it current? I don't have that much this month.

I hate to send them $592 and then have them repo it b/c I'm one note behind and not wanting to sign a reaffirm.

My lawyer said he doesn't negotiate car loans. DH wants to reaffirm with the agreement that the payment we missed is forgiven and our account is brought current. In the long run I think that's a dumb financial decision but I can't talk him out of it.

Since they haven't contacted my attorney I'd rather lay low and not bring it up or contact them and hope that my discharge comes up without them asking me to sign anything. But then again I know if that happens and I'm not completely current on my notes they could choose to repo it right then right?