how can I keep my car?

[ferfermom]

MY husband & I plan on filing CH 7 soon. We live in Washington state. His old truck is KBB value at $700. My car however is valued at $13785. It wasn't our choice to buy a new car last summer.
We had a nice used van that was all paid for, and it was totaled by a man who ran a stop sign last summer. His insurance paid us only $4400 and we got to keep van to trade in for the cash-for-clunkers promo, $4500 toward new car, therefore giving us almost a $9000 down payment on the Hyundai. Our payments are only $150 a month until 2015.

Our attorney says we can keep car but will have to pay trustee to do so. He didn't explain how much , and he is a very fast talker, who rambles, and I didn't understand that part. Don't get me wrong, hes a great attorney so far.

By looking at WA state vehicle exemptions, we're allowed $5000 for 2 cars? And I'm not understanding a wildcard exemptions, is that $2000 to go toward anything, such as the car? And is that $2000 per person?

So, can someone help me figure out what you think I'll have to fork over to the trustee to keep car? And will I have to come up that money right away? Thanks everyone

[Pandora]

if you just purchased the car - then there shouldnt be any equity in it.

What do you owe vs. the value?

You only have to pay the trustee if there is equity in the car - otherwise you just reaffirm your car note or let it go back to the lender. So lets say the car is worth the 13785 - and you only owe 10K on it, that means there is 3785 in equity that you should exempt.