Need opinion/advice

[GaPeach]

My husband and I are planning on filing around the first of the year and here is our delimma. We have a car that is 9 years old and has about 120,000 miles on it. We are afraid that is won't last another 5 years. We are considering buying a new car - a 2009 Hyundai Elantra with a $1500 cash rebate that we can put away- but we don't know if we should. We have been approved for financing through Capital One Blank Check for 72 months. Since the loan is for 72 months then I would have to pay that outside of the plan right? We only bring home about $2800 a month and once we add all our necessities and the car payment, we would only have about $200 a month to put into a plan. What should we do? Should we buy the car or just hope the old ones hangs on for 5 yrs. Would $200 a month be too low of a payment for Chapter 13? I am really scared about this whole process. Thanks for any help/advise you can give.

[NowImDownInIt]

From what I've read on here, you should NEVER go into a ch 13 with a car that you don't think will make it, as it is very hard to secure financing during your BK... However, I would suggest looking at a more economically practical USED car... that way you'll have much lower payments. You should try to find HHM's thread on new/used cars. It's really educational. I would suggest looking at maybe an 06 of the same model. It would cost you so much less. The 1500 rebate is a gimmick.