Auto loan before final bankruptcy discharge

[Anonymous]

Has anyone ever got a auto loan before final discharge from trustee. It has been a long 5 yrs of chapter 13. My car has been on its last leg for over a year. I got the intital paper form trustee that said I have completed my payments, but final discharge is 90 to 145 days away. I really dont think my car will last that long. Would like to try to get a used car ~ 28 to 30,000 range. My current scores are in the 630's. Never been late only thing on credit report is the Chapter 13. 

[StartingOver10]

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@Anonymous wrote:

Has anyone ever got a auto loan before final discharge from trustee. It has been a long 5 yrs of chapter 13. My car has been on its last leg for over a year. I got the intital paper form trustee that said I have completed my payments, but final discharge is 90 to 145 days away. I really dont think my car will last that long. Would like to try to get a used car ~ 28 to 30,000 range. My current scores are in the 630's. Never been late only thing on credit report is the Chapter 13. 

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Until you actually receive the discharge in hand, you have to get trustee approval for new debt/credit. Do you want to go through all of that now rather than waiting until you get your discharge?

[TRC_WA]

That.  ^

Trustee approval is required until you are discharged. 

[Remember0]

That said, if you get trustee approval, there are companies that will lend to you. A prior poster reported that his father got approved by the dealer for ~18%. But I guess he also applied through his banker at BofA, where he had checking, savings, and a secured card (not a lot of money in checking and savings), and got approved for a ~3% loan while still in CH 13 BK. Could be worth a try. Worst case, after discharge, it should be decently easy to refi as long as you don't over pay for the car (try to keep loan amount under NADA Clean Retail).