Between the time you file your papers for Chapter 13 and your court date, no one is likely to be interested in giving you a car loan.
You don't get a "court date" in federal bankruptcy. You get the "first meeting of creditors," known to bankruptcy lawyers as the "341 meeting," for the US Code section that requires the trustee to examine the debtor(s) under oath.
You can get a car loan only if the payments will not lower your plan payments, and you will need a proposed loan document, completed but for signatures, to submit to the court, the trustee and any creditors who must be notified.
You may be able to get a car loan approved before the plan has been submitted, but different courts and judges may give you different answers.
If the new car loan payments are not significantly higher than the old car payments, you should not have a problem. If your old car is paid off, absent an emergency of some sort, the court and trustee may not approve a new loan.
Ask your bankruptcy lawyer. Or consult one if you decided to file on your own.
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
On the surface, no. As long as you have not defaulted on the loan contract, there is no reason for repossession. The lender wants your money, not your car.
To receive a car loan after filing for bankruptcy you will probably have to rebuild your credit before applying. You can also find a co-signer with amazing credit to counteract yours.
apply for a loan
No, car loan interest cannot be claimed when filing personal income taxes. One can, however, deduct some costs of upkeep (or mileage) if the individual can demonstrate that the car was used for business and that they were not reimbursed for such usage.
No, only unsecured debt is discharged.
There are many websites dedicated to day to apply for a loan for a car loan. You can compare rates from different banks and shop around for the best loans.
MoneySupermarket is a company based out of the United Kingdom. If you are a resident of the Uk, you could apply for a car loan from the MoneySupermarket.
You cannot return the car. The Buyer's Remorse law does not apply to vehicles. It only applies to unsolicited sales.
No, you cannot get a loan directly, you need a co-signer on whose name the loan will have to be approved. I am suggesting you few website where you can apply for the car loan.
No place. Loans are not guaranteed when you apply. You have to meet the conditions of the loan to get it. Even if you drive a car off a lot the dealership can ask for the car back if the loan isn't finally approved.
Assuming the bankruptcy has gone to discharge, the debtor can apply for a car loan almost immediately, as long as the income is enough to qualify. You will pay a high interest rate, though, if you make the payments on time for a year or so, you may be able to refinance. Watch out for "we finance here" dealers. They are often not licensed as lenders and will have you sign a document with a lot of blank spaces. Don't do it. Go to a credit union or a small local bank, if possible. If the bankruptcy is still pending, you need permission from the court.