TX Bankruptcy question - ONLY SERIOUS ANSWERS PLEASE!?

Many car dealers have a variety of financing programs for exactly such situations.

Not just "Junk Car" dealers,,,but even New Car dealers.

Call around and ask to speak to the Finance Department.
Then just frankly explain your situation to them.

They actually "specialize" in such loans.

Most banks wont even talk to you.

"No Free Lunch",of course.
The compromise for getting "Hi-Risk" Financing is that You can expect:
Higher Down Payment
Higher Interest Rates

And,typically VERY aggressive Collection Efforts & Repo Efforts.
Meaning,,,,you might get a phone call occasionally to REMIND You that a payment is due"next week".

If you are Late on a payment,,You'll usually get an immediate contact.
There's no "3 day Grace period",or whatever.
And often,,a Late Payment will get the Car Repossessed Promptly.....they wont let You go 2~3 ~6months like a bank usually does

It's Harsh and Strict,,but I think it's easy to see THEIR side.

Shop for something You are certain You can afford.

Avoid the Smaller,Shadier places...they can be ferocious.

Start at the Big,Major Dealerships in your area,,,then work your way down the ladder,, so to speak

Also consider things like Insurance Rates on a specific car.
You WILL be required to have major coverage.
Some cars are lower insurance rates than others.

You can even call around NOW,,tell them what You are expecting and many of the car-folks can help you FIND a deal that's Good for You.

They have an "un-official network",,industry contacts etc.
Example,,a Chevy person has a buddy at a Ford place,,,neither of them has what You are looking for,,,but the Ford guy has a buddy at Dodge place & He does.
They swap lunch money back & forth as Refferal fees,etc.
So it BEHOOVES them to help You.

DO NOT get pushed into a Marginal Deal,,just because "it's available" at that moment and You have an urgency to get a car.

And if you dont find a car/Terms at one place,,,Keep Shopping.

DO NOT deal with ANYONE who treats You like They are "Helping You" or "Doing You a Favor".

That's a scam.

"Millions" of people have Flawed Credit,,a Large percentage of ALL.

So YOUR case is NOTHING New or Unusual,,,and certainly NOT Charity.

Entire Industries are built on Financing situations Exactly like yours.

In a real sense,,,You are "Just Another Customer".
It's Important to understand that,,to help avoid being taken advantage of---and to help control the transaction.
You are a Buying,Paying Customer same as anyone else.

I'd strongly suggest to start shopping around NOW at the Big Car Dealers,,and see what they have available for Financing.

Make sure You get something that's Easily within Your Budget,,,
even if it's not really your personal prefference of vehicle.
You NEED to "protect" the NEW Credit you'll be building for a while.

You can always Trade-In in 6~12Months or whatever.
It's Just a Car,,Not a Tattoo:)
You Dont have to live with it forever,,ya know?

You'll be surprised,,there's Plenty places who'll be Happy to See You,,and will treat you right.

Best Wishes,,I hope things turn out well for you!

**'Nother thing,,,,The Major Cities,,,D/FW,Houston,SanAntone,etc often have more available & better deals.

And heaven forbid,,,but if you DO happen to be un-able to make a payment on time,,
Contact the place ASAP,,,going IN PERSON is actually Best.
You can often forestall RePo efforts by making it clear that You are Still Around and making an effort.
They all spend too much time hunting down people who dodge 'em,,and even just dissapear with what's actually THEIR car.
It's No Gaurantee,,,but Contact or a Visit is an extremely powerful show of Good Faith effort on Your part.
!!!! Do Not EVER,Never give a Post Dated Check.
That can blow-up in your face more ways than ya can imagine.
Lots of places Press Customers who're late to do that.

And in "worst case" scenario,,
Realize that same as with Any Car..
You CAN sell it at anytime or Trade it In.
It's Rare to come out $$$ ahead,,,you'll usually be "upside down" on what's owed.
Just an option to keep in mind.

You can "Float" cars... in even just a Few Months of on-time pmnts your credit will have improved.
Trade In and basically be swapping One Carnote for the Next,,,usually get a Month before 1st note is due.

You MIGHT can find one of the Promotional Deals,,"We'll pay off ANY amount You Owe,,and put you in a NEW Car"
Sometimes it makes good finacial sense to take advantage of such things---you just gotta put a pencil to it and see.



Hope any that helps!

Almost all car dealerships have what is called "special financing" which in essence is financing for people with less than stellar credit. As long as you have a job and make enough money to afford the payment, you should be able to get financed somewhere albeit at a higher interest rate than you would get with a good credit rating. Just check around the dealerships in your area...someone will finance you.

you need to wait until your bk has discharged and then you can get a newer vehicle. In my past experiences in dealing with this, and its a lot, u are going to have to buy your credit back. i would suggest putting about 20% down on the vehicle. not only will that help you get financed, but because you are going to have a high interest rate, it will help you with equity if you ever decide to trade it before its paid for.

get the new car BEFORE u file!!! they cannot take it away from u. if u wait till after u will pay like23-28% on your loan! trust me i`ve been there done that.

ARE YOU LOOKING FOR A GOOD LOAN LENDER WHO CAN HELP YOU OUT? YOU CAN CONTACT VIA EMAIL: [[email protected]]