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Auto Loan post BK7

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amclaughlin42
Regular Contributor

Auto Loan post BK7

My wife is 35 this year, and after years of being afraid of driving she finally decided to learn this year, to help with load since I work alot and our kids require being taken to alot of places due to school, appointments, and activities. We are in the process of filing ch 7 and were needing a second car. I get a discount on brand new cars, I work for parts manufacturer of some big auto makers. 

 

We are looking at 2024 Subaru Crosstrek Sport

$6k 

I get invoice pricing so were estimating a $28000 

 

any chance of getting a rate with a decent approval, in september we bought a subaru ascent at 9% rate for invoice pricing. We couldnt afford to put much down, so our payment is high, with having a 20% downpayment this time. Im hoping for more, any bankruptcy friendly lenders 


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1 REPLY 1
pizzadude
Credit Mentor

Re: Auto Loan post BK7


@amclaughlin42 wrote:

My wife is 35 this year, and after years of being afraid of driving she finally decided to learn this year, to help with load since I work alot and our kids require being taken to alot of places due to school, appointments, and activities. We are in the process of filing ch 7 and were needing a second car. I get a discount on brand new cars, I work for parts manufacturer of some big auto makers. 

 

We are looking at 2024 Subaru Crosstrek Sport

$6k 

I get invoice pricing so were estimating a $28000 

 

any chance of getting a rate with a decent approval, in september we bought a subaru ascent at 9% rate for invoice pricing. We couldnt afford to put much down, so our payment is high, with having a 20% downpayment this time. Im hoping for more, any bankruptcy friendly lenders 


What's the status of your current auto loan, and what will happen to the car with your upcoming BK7 ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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