New Car Offers Pre-Discharge

[DaisysMom]

I filed Chapter 7 and am awaiting discharge early June. I keep getting these car offers in the mail and they all say I should purchase a new car "before" discharge. I will be needing another car, but was planning on getting it in January when I am going to have an increase in household income. What is the advantage of getting a car "pre-discharge" vs "post-discharge"? Is it just a ploy to get me to buy a car now???

Just curious if it is a valid concern or just another bottom feeder trying to get me in debt again.

DM

[Tater]

I haven't filed yet but I would be leery of any credit offer you receive pre-discharge or even post-discharge for awhile. I've read where the interest rates can be sky high. If you can wait, you might be better off.

[footballfan]

If you can wait, do so. We had to purchase a vehicle pre-discharge (stay lifted for one vehicle) and then a second vehicle post-discharge. 6% interest difference between the two and only 2 months between purchases.

[Drazil65]

We got a ton of offers predischarge and after discharge. We are not in the market but from what I hear the offers are ok for the most part, interest is a little high in most cases though. Know several people that have gone ahead and purchased but waited until after discharge.