So I filed for Ch.7 Bk in April. Had my 341 meeting in March and now as the 60 days from that date approaches I’m faced with the task of purchasing a new vehicle as I surrendered mine in the Bk (was able to keep my vehicle for these past 3 months). My issue is I don’t know how to go about it. I can get a newer, more expensive car for around 16% apr, or I can get a cheaper car with more miles on it for around 25-28% apr. I know I can refinance in 6-12 months but I know that’s not definite because I’ve heard some people say it took them almost 4 years to be able to refinance. So my question is do I get the cheaper car for way higher apr, or the more expensive car for the lower. I also was not able to save enough to buy a car cash. All I have is $2,000 for a down payment. Any advice would be greatly appreciated!
submitted by /u/LoonieToonez
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