How To Buy a Car After Bankruptcy

Edmunds.comEdmunds.com Member, Administrator, Moderator Posts: 10,316
edited April 2017 in Editorial
imageHow To Buy a Car After Bankruptcy

The key to buying a car if you're in bankruptcy is to shop around for an auto loan, just as you would if there were no black mark on your credit.

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  • JackieLagerDemmaJackieLagerDemma Member Posts: 1
    I'm in the process of closing on my bankrupcy,chapter 13, and I would like to look at an Equinox to build my credit back up. Right now I do have a 2015 Mazda, but I can keep it but One Main wants 20,000.00. Which thats what I paid for it 3 !/2 years ago. And then my payments will be $520.00 a month. But I can just give the car back to One Main and it wouldn't count against me and I won't owe anything.Which thats the way I'd like to go. If you would let me get an Equinox, how much would the payments be? Right now I get my husbands social security check which is $1517.00 and my social security check of $1227.40 I also work for Instacart,which I can work as many hours a week I want. I usually work about 20 to 30 hours a week.The only bills I have right now is rent-$1160.00 plus electric. Also car insurance-65.00 a month.Do you think you could help me?
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