I need $7k to buy a car the day after discharge

[debtmonster]

Lame rules like not giving credit to people who have shown they wont reliably pay back what they owe? Credit is not a right, nobody "deserves" credit like marketers would have you believe, lending companies are going out of business left and right because of loose standards, the ones that are left need to protect their shareholders.

Nobody should have credit. All you're doing is paying more for the same thing.

I vote that we all go back to the stone age.

[b_girl]

Cool... I didn't know a 722 Redemption could do that. Why do they call it a 722 Redemption then if you're not redeeming the car?

I learned my lesson. I want to buy a car that already took the brunt of the depreciation and is still like new. I'm in the middle of taking the depreciation now and want to include it in my BK.

I know, the name is definitely misleading. We were confused at first about how it worked and rejected the first offer we received. They actually called us back a few weeks later to see if we were ready to purchase, and that CSR was very helpful. It is high interest, and you are limited to purchasing from dealers who are able to prepare the paperwork (no mom and pop auto lots or individuals) but we came out ahead...found a great, late model vehicle with less miles than the one we gave up and a lower payment. They were also able to negotiate the price down $3k, too.....told the dealer it was take it or leave it...the dealer took it. But there is a limit on vehicle age and mileage, so it may not work for you. Still, it's worth a check. Good luck!

[debtmonster]

I know, the name is definitely misleading. We were confused at first about how it worked and rejected the first offer we received. They actually called us back a few weeks later to see if we were ready to purchase, and that CSR was very helpful. It is high interest, and you are limited to purchasing from dealers who are able to prepare the paperwork (no mom and pop auto lots or individuals) but we came out ahead...found a great, late model vehicle with less miles than the one we gave up and a lower payment. They were also able to negotiate the price down $3k, too.....told the dealer it was take it or leave it...the dealer took it. But there is a limit on vehicle age and mileage, so it may not work for you. Still, it's worth a check. Good luck!

The problem is I find awesome deals on Autotrader.com. Many of them require me to drive as far as 500 miles away to get them. I found some nice Acura MDX's for under $13,000. 2004 and 2005 models under 60,000 miles. Those things should run great for years. BASE PRICE on those cars when new was about $36,000 + options. So $12,900 for one of them is an awesome deal.

I just can't see spending $20,000 on the same vehicle from a dealer and paying 20% interest to get it. That is such a scam.

Now I'll have to get a beater car and try to save $2,000/mo. while not paying a mortgage or car payments and pay cash for the vehicle... if we don't get evicted first from the foreclosure.