Who were approved through post BK and some details...

Starting a new thread so that we all can start a 'database" of sorts for us BK'ers to review and go to when we are looking for the next vehicle.

Please post the following info:

Date Discharged:
Lender:
Date Applied For:
Approval Amount:
Interest Rate:
Term:


Thanks all..

Date Discharged: 06/30/2006
Lender: Capital One Auto Finance
Date Applied For: 09/28/2006
Approval Amount: $39,800.00 (max)
Interest Rate: 10.95%
Term: 72M

Car of interest: 2006 BMW 325i (putting down about $5k on this thing)

Date Discharged: 02/16/2006
Lender: AmeriCredit
Date Applied and Approved: 05/27/2006
Approval Amount: $28,000 (max)
Interest Rate: 13.40%
Term: 60 months

2006 Chrysler Town and Country Touring
Sticker (w/ Options): $30,495.00
Invoice (w/Options): $28,033.00

Negotiated Price: $27,995.00
Incentive: -$4,000.00
Fees & Tax: +$2,342.09

Total Price: $26,337.09

New Purchase, No Trade, Dealer arranged financing.

Date: 6/14/2006
Lender: Americredit
Approval Amount: $26,337.09 (Full Purchase Price $0 Down)
Interest Rate: 13.25%
Term: 72 months
Payment: $532.17
-----------------------------------------------------------------
ReFi

Date: 9/19/2006
Lender: Capital One
Approval Amount: $26,281.47
Interest Rate: 10.95%
Term: 72 months
Payment: $498.20


-Viper

Lender:Americredit
Approval Amount:up to $12500
Interest Rate:18%!!!
Term:60 mos

Refied last month...
Lender:Road Loans
Approval Amount:8900
Interest Rate:13.5%
Term:up to 72 mos


:)

Could you also include how long after the discharge you waited? I should be discharged any day now, last day for objections was 9/25/06. I am trying to decide if I want to keep my vehicle or get a small SUV. I plan on reafirming my car, but I guess I can change my mind within 90 days after I sign the reafirmation.

Could you also include how long after the discharge you waited? I should be discharged any day now, last day for objections was 9/25/06. I am trying to decide if I want to keep my vehicle or get a small SUV. I plan on reafirming my car, but I guess I can change my mind within 90 days after I sign the reafirmation.

Just a thought, if you are to be discharged any day now, you are likely too late to file a reaffirmation on your vehicle. As for my old car, I was WAY upside down on my old Saturn and did not reaffirm it. It went "bye bye" in the BK. I just called the lender and told them I had filed and wanted to surrender it. No regrets at all.. I was almost $10k upside down on that neg equity rat hole..

How long after your discharge is hard to answer. Some of us got a new/newer vehicle a month afterwards, 2 months, 3 months and etc. It's hard to say. Getting an auto after BK depends on whether or not you've done any credit repairing to make sure all of your accounts that were discharged in the BK are reporting correctly. If they are not, you could have difficulty getting an auto loan, or any loan for that matter, regardless of how long you wait after discharge.

you guys sure have gotten some lousy interest rates. You might as well have bought your cars on a credit card.

r

This thread is a little disappointing.

I understand if you need a car...but you are just coming out of BK and buying new cars, or a BMW...ON CREDIT what the hell? I Suppose all I can say is, I hope you really like the cars you bought, because you will never be able to sell them for what you owe until maybe the last year of ownership.

Let's take Viper's example.
Even by a conservative calcuation, you will pay about $9,700 interest over the life of your refi'ed loan. Your payments will total over $36,000. Right now, if you tried to sell that car today, (based on NADA) you would be lucky to get $19,000 Trade in, and $21,000 in a private party sale, so you're already upside down in the car to the tune of about $4,000 to $5,000.

Also, even if you reduce your interest rate through a Refi, refinancing a car loan is one of the WORST financial moves you can make, you are essentially buying the car twice, especially those of you that are refi'ing within a year of the orignal purchase date, you are essentially paying the same price for the car as you did when you purchased it new, even though the car has depreciated about 20% in value. (you should never have made a bad deal in the first place that required a refi). So in Viper case, he/she paid $26,000 for a car worth $22,000 when he/she refi'ed it.

What viper should have done is..., if he/she can afford a near $500 per month payment, instead of buying a brand new car, (and assuming you did not immediatly need a car for some reason), you should have set that $500 per month aside for 10 to 12 months...and use that $5,000 money as a down payment on a $12K to $15K used car and finance the balance.

Plus with new cars, your insurance rates will be highest on the scale, so between interest, insurance, etc, your cost of ownership is through the roof. Stop and think, and put things in perspective.

As I thought about it some more, here is an even more shocking result of Viper's deal, Viper actually lost money in the Refi....

Here is how:
Under his first loan (when he bought the car), his total interest over the life of the loan would have been $11,900. Under his Refi, his total interest is $9,700. Thus, you saved $2,200 in interest over the life of the loan, or about $30.50 per month.
However, because a new car depreciates rapidly as you drive it off the lot, (and with the NADA data on the Chrysler), when you refinanced the car 3 months later, the car was worth $21,000 (maybe $22,000); but you Refi'd at $26,282, a differnce of $4,281, BUT you only Saved $2,200 in interest.

Thus, even though the Refi saved you in interest, you actually have a NET LOSS on the deal and are paying $2081 more on the deal than if you had not refianced.

Moreover, Viper's monthly payment only decreased by 6%, it hardly seems worth it.

In short, Don't buy new cars out of bankruptcy, and never buy new cars with $0 down. A new car down payment should be at least equal to the first years depreciation, or about 15%-20% of the purchase price. And for god sakes, never refi a car within the first year of ownership, and probably not even in the second year. If Viper would have waited 2 years to refi, Viper's credit would probably be much better, Viper would have paid down some principal, and it would have only cost you less than $1000 in additional interest over the 2 years you waited.

If you do refi, it should be a significant refi, it should cut your existing interest rate in half, and you should not refi until the amount you owe on the car is roughly equal to the amount you could sell it for. (give or take $1,000).

HHM, first off your way off base here and frankly I've would have expected better from you. Anyone who buys a new car is upside down on it the second they drive off the lot, thats just what happens when you buy a new car, BK or not.

Refi on a car loan is not always the WORST move one can make as you say. You are not buying the car twice (that just makes no sense at all), you are just improving your financial ground. It is true that a refi may not always be the best, but it is much better to do it sooner then later. As I'm sure your aware, when paying back a loan you pay more interest then capital in the beginning, so doing a refi after 3 months is better then after 9 or 12 months.

You state that I paid $26K for a car that is worth $22K, clearly that is not the case. I challenge you to find a new car with a sticker of $30,495, invoice of $28,033 and leave paying $22K after all taxes and fees. It can't be done.

Weather or not I refied, I'd still owe the same amount of money, but by doing the refi I can pay back that amount at a lower interest rate. I'm not going to argue that both rates (before and after the refi) are very high, but coming out of a BK7 thats what I (and anyone in my shoes) should expect.

If I could have waited another 10 to 12 months to save up $5K as you had suggested I would have, but there was no way that could happen. I have been driving around in a clunker that just couldn't clunk anymore and I NEED a very dependable van. Sure there are pros and cons to buying new v. used but that has nothing to do with a prior BK, those pros and cons are the same. I chose to buy new so I would have the piece of mind of knowing I hadn't just bought someone else's headache. My income has improved since my BK, and I now can afford this new car. I'm not saying that everyone out of BK should run out and bury themselves in debt again, or even saying you should buy new if you can't afford it. I did what was good for me. This fits in my budget and is what is right for me.

This thread was started so folks could see what deals other have gotten, and what they might expect, not to criticize people and their decisions. Your response had a very Lighting'ess quality to it, maybe your having a bad day but always remember, "It's not what you say, it's how you say it."

I know that you have no prior knowledge of my situations, so it is highly presumptuous of you to assume that you know anything about me and to talk so harshly of me. In the future ask first and get all the facts before you rip into someone.



-Viper

I am not going to get in too big an argument here, but I stand by what I said, and your response is about what I expected, but the numbers don't lie, and my source for the $22,000 comes from NADA (you did mention the car you bought, so I was able to look it up).

When you bought the Car NEW, the $26K was a fine price, but when you ReFi'ed it, the car was worth only $22K because it is now a USED car, and it's in that difference that you suffered a loss, you refi'd at pretty much the same price as when you bought it new. Remember, in a ReFi, you are Refi'ing what is now a USED car, so when you compare apples to apples, your refi and a hypothetical purchase of a similar car, you over paid to the tune of about $4000. Regardless of what you think, a ReFi is essentially you buying your car all over again...except that the price is fixed at what you owe the prior lender. What doesn't make sense, and this is what you are doing, is comparing a financing of a new car (when you bought it new), with the financing of a used car (upon your refi)...the confusion is the fact that we are talking about the same car, nevertheless, in a refi, the way to understand if you are getting a good deal is to compare it to a hypothetical purchase of the same car (but keeping in mind that it is now a USED car).

Over the course of a year, you only saved $408 by doing your refi, that is not even one month's car-payment.
Also, you say that you can now afford it, but have you considered the opportunity cost of your car payment. Opportunity cost is an economics term that helps evaluate the value of a dollar by comparing what you could be doing with that dollar vs. what you are doing with it. Had you bought a used car or less expensive car, what could you be doing with that additional money, i.e., had you bought a car that only required a $290 per month payment, what could you be doing with that $208 per month of savings. I.e, you could be saving it, child's college fund, tax free IRA contributions, who knows? Again, my point being, always keep an eye on the big picture and that in every major financial transaction, there are more factors to consider besides the immediate terms of the particular deal.

Although you may see it as such, I am not attacking you personally, you just happened to provide a real example in this thread for analysis...vs. me making up a hypothetical example.

All I am trying to do is provide more tools for analyzing a given circumstance. Most people simply look at payment and interest rate, but there is so much more to making a good deal, and I hope I have demonstrated that through this example.

You're right, I don't presume to know your situation, and I did try to put some qualifiers in my comments, and I do know that it's easier for a car dealership to get a credit challenged individual into a new car vs. a used car because of the incentives the dealership has to offer. The bottom line is, my only true criticism is that you re-financed too soon, because your savings is so incremental, about 6% overall, that it just wasn't worth it had you waited a year or two to refi, you could have done soo much better. But I am also trying to give others some additional tools and some additional insight before to avoid certain pitfalls.

Date Discharged: Not yet! We filed on 9/29/06.
Lender: HSBC
Date Applied For: 10/04/06
Approval Amount: $20,000
Interest Rate: 11%
Term: 72 months
Vehicle: 2006 Pontiac G6, 21k miles :yahoo:

NADA: $17,200
Sticker: $21,895 (not greedy or anything, are they?)
Purchase Price: $14,400 - included new tires, oil change, full tank of gas, new floor mats, and detailing
Walking out, only to have the salesman call 5 minutes later agreeing to my offer: Priceless

Date Discharged: 6/10/06
Lender: Roadlaons
Date Applied For: 7/30/06
Approval Amount: 28,000
Interest Rate: 13.04
Term: 72


Refinanced on 3/27/07

Date Discharged: 6/10/06
Lender: Citi financial
Date Applied For: 3/17/07
Approval Amount: 27000
Interest Rate: 9.99
Term: 72



Wife

Date Discharged: 6/10/ 06
Lender: Capital One
Date Applied For: 4/01/07
Approval Amount: 36800
Interest Rate: 11.95
Term: 72

Date Discharged: 12/29/2006
Lender: Capital one
Date Applied For: 05/11/07
Approval Amount: 24,000
Interest Rate: 9.95
Term: 60

I found an 2005 Pontiac Montanna loaded with 45k miles - paid 10,900. Boy have I missed my van in the 9 months since we turned it in :D

Discharged 12/18/06

Family car was totalled in April, 2007. Began shopping for a car. Budget goal was $400/mo or less for payments.

Local Ford Dealer offered 11% for 60 months thru a sub prime "Program".

Approved with CapOne Blank Check, 4/27/2007, 8.95% fixed, $38,500, up to 72 months.

Applied with Road Loans just for the heck of it a week later to see if we could get a better offer.

Approved with Road Loans, 5/8/2007, 5.99% fixed, $28,000, for up to 72 months.

Purchased a new 2007 today. 5/17/2007. Financed $25.5K, which includes GAP insurance, State sales tax, State wheel tax, and title transfer fee. Payment $422.50/mo for 72 months with no prepayment penalty.

Part of the decision to go new was market related. Most used vehicles available now are already 3 years old. 30K-40K miles. Limited or no warranty remaining. Price range ran $18K-$22K. For a bit more, we could get new, with bumper to bumper warranty.

I feel you on that one. I am in the market for another vehicle and I have this one guy I am working with who is really trying to put me in a used honda accord...now I love the accord but there is very little warranty remaing,which i have to pay for extended warranty, and then the miles are a bit high, even those that were recent leases that were turned in....

Date Discharged: 5/25/07:yes2:LAST WEEK!!
Lender: RoadLoans
Date Applied For: 6/1/07
Approval Amount: $30,000
Interest Rate: 9.99%
Term: up to 72 months

Date Discharged: 02/28/2006
Lender: Toyota Motor Credit
Date Applied and Approved: 05/24/2007
Approval Amount: $22,500
Interest Rate: 7.8%
Term: 63 months
Down Payment: $5000

Filed Chapter 13 in 2/02, failed, refiled 11/02, successfully completed mid September, 2007. I was approved for a Capital One Blank Check @ 6.38% but was able to secure the following at the dealer--

Date Discharged: 9/2007
Lender: Toyota Motor Credit
Date Applied and Approved: 1/4/2008
Approval Amount: about $27,000
Interest Rate: 4.9%
Term: 60 months
Down Payment: $0 ($800 trade-in)

My credit scores were in the low 700s...dealership said the score they pulled was 732.

Discharged 11-20-07

Lender: Wachovia Bank
Date applied and approved: 2-25-08
Interest Rate: 13.99%
Term: 60 Months
Down Payment: $0
Credit score: 625
Car: 2003 Nissan Xterra (lease buyout)

Lender:CapOne !!!BLANK CHECK ON THE WAY
Date Applied For:1st time 8/2/07 DECLINED
Date Applied For:2nd time 2/29/08 APPROVED
Approval Amount: $30,000
Interest Rate:OMG!!! 7%
Term:72

Chap 7 discharged 2-06-08
Creditor: Honda Financial
CL: $22,400 7.36 % interest rate
Approved: YES!!
Applied: 3/7/08
Pulled: EQ - TU -EX
Score: 646(FICO) 658(FAKO) 593 (FAKO)
State: VA
IIB: No

I was also approved through Capitol One (11.45%) AND NAVY FEDERAL (9.25%).The Honda F & I rep stated that if you have new TRADELINES, Honda will usually approve you. :D

Cards that I've been approved for:

NAVY FED. PLATINUM $10,000
NAVY FED. NAVCHECK $8,000
JARED $800.00
JB ROBINSON $800.00
KAY $800.00
HOOTERS $500.00
TARGET $200
HONDA $22,500

:yes2::yahoo::clapping:

Car one: Planned on this one..
Date Discharged: 06/30/2006
Lender: Justice Federal Credit Unioun
Date Applied For: Sept, 2006
Approval Amount: $60,000 (pre approved credit limit)
Interest Rate: 7.5%
Term: 5 years


Car two: Wife hit deer and totaled her jeep (liability only)
Date Discharged: 06/30/2006
Lender: Justice Federal Credit Unioun
Date Applied For: 10/28/2006
Approval Amount: $60,000 (again pre approved credit limit)
Interest Rate: 7.5%
Term: 5 years

Date Discharged: August 30, 2006 (Chapter 13)
Lender: GMAC
Date Applied For: 4/27/06 (following Chapter 13 buyout on 4/11/06)
Approval Amount: $13,000
Interest Rate: 0%
Term: 4 years

After mine is discharged, I'm changing my life. No more expensive cars!

Im going to get a Harley and save on gas and enjoy the countryside................

Date Discharged: 5/25/07:yes2:LAST WEEK!!
Lender: RoadLoans
Date Applied For: 6/1/07
Approval Amount: $30,000
Interest Rate: 9.99%
Term: up to 72 months

Approved in less than a week of discharge? Amazing. I think I saw another post where they were pre-approved and not even discharged yet.
I know things are different for everybody, but this is great news for me. I hope I am in the same boat. I had to let my nice car get repo'd and have been driving a $2000 clunker. It's getting me by, but the weatherstrips leak water and the suspension is shot. The a/c doesn't work and the seat isn't comfortable. It starts and goes everyday, which is the important thing and gets decent mileage...it's an 82 VW Rabbit, by the way. It's not bad for going to work and around town, but long hauls in this thing would suck. I worry a little about safety, too. No airbags in this thing
I don't want to get buried in something stupid I can't afford, but I need a more modern, safer, comfortable car. I think I will go for a barely used Toyota Yaris or Honda Fit.

We were approved through Chase @ 9.45% for 60 months, 7 mos. after discharge. Oddly enough, we also have our mortgage through Chase and did NOT reaffirm, and my husband discharged $$$ with them on a CC in our BK7. Made me chuckle a bit...seems as though the left hand rarely knows what the right hand is doing.

There's a joke there, but this is a semi PG forum.

What is NADA? i am one week away from discahrge. One month behind at a credit union...2-4 thousand under, no idea what to do? please help.

NADA Used Car Guide provides the most market-reflective used vehicle valuation data.

What is NADA? i am one week away from discahrge. One month behind at a credit union...2-4 thousand under, no idea what to do? please help.

Our Credit Union approved us today at 6.24% on a 2007 Saturn for up to 72 months (we're going 48).

We only need to finance $4,000.

Capital One approved us online last night. 11.00% for up to 72 months.

We're taking the credit union offer.

We turned in a car when we filed Ch. 7 (November 2007) that was a lease. It was reported late and in a Ch. 13. I disputed it in February and it was erased off all our credit reports.

Per the credit union representative, my credit score is 586 (up from 514 in March) and my wife's is 650 (up from 547 in March). I cleaned up our credit by myself. Really paid off! :yes2:

I'm still in "preliminary" BK hell. However, if everything goes as planned I hopefully will be purchasing a used vehicle by the end of the year. In the mean time I'm going to use my motorcycle for everything which I pretty much already do. My thinking is that I will save $$$$ on gas and insurance. After say 6 months I should have a hefty down payment.

Date Discharged:5/28/2008
Lender: Capital One Auto Financing
Date Applied For: 6/16/2008
Approval Amount: $27,500
Interest Rate: 13.25%
Term: 72 Month.

I just filed 6-12 and now today I received from two car dealers letters telling me that I should start rebuilding my credit by buying a car before I'm even discharged. They hint at benefits of buying while in process, but for the life of me I cant think of one benefit to me and not them:D

Timing in life is everything in life I guess. Got a p.o.s. 96 Jimmy thats sucking on my wallet (in shop now getting 800 in treatment), fortunately dont drive it too much.

Pa you got that right. I am waiting to hear from my lawyer as to when we should file. I can't think of going back into debt again. I have about 30 years of ghost credit that was in the low 8s high 7s. I really want to worry about the interest rate I am getting not paying.
Creditors are very willing to lend you money after discharge. Now or for at least the next 8 years you have no protection. They will get that money one way or the other. My lawyer should me some offers her discharged clients have gotten I was amazed. You are better pray now then before BK.

Three weeks after discharge:
Got a brand new 2008 Ford Escape with Wachovia @ 11.9% APR.
Term: 72 mos. but will trade after 36 months.

Two weeks later bought my 2006 BMW at end of lease with
BMW Financial Services @ 2.9% APR.
Term: 36 months

Date Discharged: 8/12/08
Lender: Cap One
Date Applied For: 8/15/08
Approval Amount: $35,000
Interest Rate:9.9
Term: 72 months

Not using the whole line but wanted to see what kind of offers are out there!

Date Discharged: 8/12/08
Lender: Cap One
Date Applied For: 8/15/08
Approval Amount: $35,000
Interest Rate:9.9
Term: 72 months

Not using the whole line but wanted to see what kind of offers are out there!

Wow, that's really frustrating to read. We applied about a week ago and were flat out denied. We don't have any charge offs or even any lates on our report. Only blemish is the BK.

Date Discharged: 8/12/08
Lender: Cap One
Date Applied For: 8/15/08
Approval Amount: $35,000
Interest Rate:9.9
Term: 72 months

Not using the whole line but wanted to see what kind of offers are out there!

Date Discharged:5/28/2008
Lender: Capital One Auto Financing
Date Applied For: 6/16/2008
Approval Amount: $27,500
Interest Rate: 13.25%
Term: 72 Month.

are both of these for brand new cars? Maybe that's my problem! LOL

Mine was for a pre-owned 2007..

Mine was for a pre-owned 2007..

Maybe that's our issue...we're looking at 04's....I think I read somewhere that financing for new vehicles is easier to get.

Thanks!

Emailed Capital One Blank Check and got approved for 18500.00. Interest rate depends on year model car you are buying. Only stipulations were it had to be newer than 2001 with less than 71k miles.

Discharged Chapter 13 the first of July and two weeks later started getting letters from every dealer in my state wanting me to buy a car. We are buying a newer car to rebuild our credit.

I will say that the dealership WILL try and bump your rate because they know you expect to pay higher rates, be sure and shop around.

Roadloans approved us for 25,000.00 for an individual loan. Purchasing a car from an individual instead of a dealer.

How was everyone's scores when they were approved?

I do know this has been the biggest pain in the butt to go through. Roadloans goes through another company to finance you. That company uses another company. So, I am having to go through about 4 different people to get this loan for a car that is locally from a friend of mine. The company Roadloans is using is in Texas. The other ones are in California and I am in a southern state in the Central time zone. So all this is a big mess. It has taken a week so far and I still haven't paid for the car yet.

We were approved through RoadLoans for $16,600 @20.09%....scores are 560's.


We plan on using RoadLoans as long as our other car sells privately!

We were approved at 12.75%. Don't use Roadloans. I am using their program to purchase from an individual. This process is now into the second week and he is still not paid for his car. This is ridiculous. It's really not Roadloans but the company escrow that they go through to pay the loan out. Escrow drags their feet, you will have to pay for their service(400.00) and it is one big joke. They use any excuse to delay the process by a day or two. And they get in no hurry at all. I am ready just to say the hell with it, let him have his car back and then escrow won't get their money if the loan isn't finalized. I have already told this to Roadloans and they apologize for the delay and said their hands are tied. I think Capital One Blank Check would have been a better process but I couldn't find a dealer here who would accept it as payment.

Hi
I applied for roadloans and they emailed me that I did not get a loan but someone in my area will contact me , what does this mean that someone else will turn me down?? I got my discharge in july.
thanks Lee

I got an email in less than 5 minutes after I applied. Said I was approved and went from there. I actually got approved for an individual loan or a dealer loan of 25k. Our 13 ended in July.

I got a car that was finance by Capitoloneauto finance the minute I had file BK they stop withdrawing money from my automatic debit....I never was late on that payment not once....since last july now there's is balance unpaid of $ 5,040.00 and Asuncion Capital took it over from Capitolone...My car Balance is about $20,000.00 and the wholesale value at excelent condition in the Blue book is at $ 11,000.00 My monthly payment is of $631.00 wich I can't afford plus Insurance...Will I be able to refinance at the new market value with Asuncion Capital or do I need to be realistic and let that car go and get a new more affordable car.....and if I need to get a car finance who do I go to..?

newbie here, My question is can you go ahead and apply for a car loan (13,000.)before your 321 meeting?(03/1/09) I am turning in my current car in less that 10 days and need transportation. thanks for any info :(

Usually a bank will not approve you until you've had your 341 meeting.

When you apply for a car through roadloans they approve you or decline your application but they are also uses as a lead source for the dealers that are signed with. So you may get a call from someone at a dealership asking you to come in and do an application.

Thanx carsellermd. I have since had my 341. Tried roadloans, they don't offer service in tennessee. Tried capone no luck there. Working with 722 now will see what happens.

722 may possibly get it done for you. Also call some dealerships and ask them if they use Prestiege or 1st Investors as one of there lenders. These may be other indirect lenders that may help.

Carsellermd, 722 has approved me for 12,000. $400 a month loan. Trying to find dealers that work with them is very hard and choices of cars very limited but it's better than walking. Thanks again for your info :)

I actually use 722 Redemption at my store. They should tell you a list of dealers that use them.

I wonder if it would be these same finance companies everyone has mentioned in this thread who would give financing to someone PRE Chapter 13 with bad credit?

carsellermd, I called 722 and they gave me the name of a second lot near my area. They' re currently looking for the type of car I am interested in. Will be keeping fingers and toes crossed. If no luck there, I'll call again for a list, which would have been helpful from the get go. thank again. This site is wonderful.:)

Will I be able to refinance at the new market value with Asuncion Capital or do I need to be realistic and let that car go and get a new more affordable car.....and if I need to get a car finance who do I go to..?
For anyone looking to refinance their car, from what I found, is no one will refinance a car loan that was around pre-discharge. So stop paying on the car and save up whatever money you can and let the car go. Buy a clunker or not so clunker, until you can get a down payment saved up. This is what I had to do.

true it will be extremely difficult to refi after the bk, but I believe you still have a certain amount of time after the discharge to add anything to the bk. you could but the car into the bk and buy another one. you can actually get financing with $0-$1000/down

Lender: Wachovia
APR: 8%
down payment: $500
months after discharge: 2
months after filing: ~5
credit scores: 610 equifax, 628 transunion, 649 experian

Lender: Santander
APR: 14.9
down payment: $2000
months after discharge: 6
months after filing: 14
credit scores: 580 equifax, 632 transunion, 595 experian