Can you get an auto loan in chapter 13?

Answer 1

Yes, it's possible. With the economy being what it is right now, it might not be easy, but it can happen. In fact, if you do get one, it's a great opportunity to make payments on time and reestablish your credit. Some companies like Autotrakk offer a service that is referred to as pre-paid auto leasing. You will actually make payments in advance, much like a prepaid phone. When you make a payment, you will receive a code to enter into a device in the vehicle. If you don't enter a code when your payment is due, the car won't start. It sounds worse than it really is. It's a good way to ensure that you will pay your payments on time because you have to if you want to drive the car, and it's a good way to rebuild. There may be other sub-prime lenders as well that may not require the prepaid service, or you could consider buy here pay here. Unfortunately, buy here pay here doesn't usually report to the credit bureau unless you don't make your payments, so that won't help your score much.