Long Term Car Rental?

[MBeach222]

If I need to give up my car, I am considering a long-term rental until my CH7 is resolved.

Anyone have any sources on good rental deals? I'm seeing online about $600/month, but prefer less if possible.

If there is a better way to have wheels during this mess, let me know. Lawyer says to avoid having equity in a car that can attract the trustees attention.

thanks

[drowning123]

They won't take your car during your chapter 7. They'll take it after your case is discharged. You still have time to save some money and buy a cheap used car instead of wasting your money renting.

[MBeach222]

They won't take your car during your chapter 7. They'll take it after your case is discharged. You still have time to save some money and buy a cheap used car instead of wasting your money renting.

My lawyer says he will wait about 60 days before filing, so technically I do not have a CH7 filing yet...and I do not think the CU will wait 60 more days before they repo, unless I can successfully negotiate. My lawyer's asst says a CU will repo after being 2-3 mos late and I am thre now.

[AngelinaCatHub]

My lawyer says he will wait about 60 days before filing, so technically I do not have a CH7 filing yet...and I do not think the CU will wait 60 more days before they repo, unless I can successfully negotiate. My lawyer's asst says a CU will repo after being 2-3 mos late and I am thre now.

Hello again 'Beach: There are literally thousands of used cars here in FL. Purchase a nice used car 1K to 3K here in FL. Do this from an individual who may have the service history available. Here in FL only a 1K exemption is allowed so pick up a beater or, and good used one. The determination of the value of a paid car is usually listed as in Kelly blue book or NADA. Since you are in BK7, you can eek out a beater for a length of time. 'Hub

[drowning123]

Thanks, Hub.

[MBeach222]

Hello again 'Beach: There are literally thousands of used cars here in FL. Purchase a nice used car 1K to 3K here in FL. Do this from an individual who may have the service history available. Here in FL only a 1K exemption is allowed so pick up a beater or, and good used one. The determination of the value of a paid car is usually listed as in Kelly blue book or NADA. Since you are in BK7, you can eek out a beater for a length of time. 'Hub

Yes, I know, your idea makes sense. Thanks. I am hoping to avoid repo. I like the car and its worth keeping if I can reaffirm the loan. I also admit there is emotional stigma when friends and neighbors ask me what happened to my car? I know this is purely emotional, but privacy is a major issue for me.

The CU has a group dedicated to BK, so I am hoping for sanity there.

Their Options Are:

1. Repo: they get a 9 yr-old car with 100k miles to deal with, and my car loan goes onto my CH7 debt heap.

2. Reaffirm: they get a continuing monthly payment without fail.