Buying a new car after repo and bankruptcy?

I filed Chapter 7 in 2005 and it was dissmissed in jan 06. I bought a truck on my own in nov 2005 and did well for a while. After my mom died jan 2006 and i had to leave california for a bit, i lost my job and had no financial stability. I tried to work with the company but since it was a SECOND chance finance company THERE IS NO WORKING WITH YOU!!!! So after a few months they forced me to give up the truck. I now have to make 250 payments a month since they sold it with 9000 left on my original loan. So now i have a husband who wants to co sign with me. Will i be able to get a car on my own or will he have to cosign???

Buying a new car after repo and bankruptcy?

Let%26#039;s look at this honestly. You filed bankruptcy.

You state you got a loan in 11/05 while still in the bankruptcy. That doesn%26#039;t sound right. Then less than 6 months into this new loan the car was repo%26#039;d. See a pattern here?

There is no way you%26#039;ll get a loan by yourself, and may even have a hard time with a cosigner.

Work it backwards, let the husband get the loan and YOU co-sign. Hopefully he can make the payments and you can get at least one good thing on your credit report.

I wouldn%26#039;t approve you no matter what...you had a second chance and fouled up. Consider paying cash for your next car.

Buying a new car after repo and bankruptcy?

You know that down payment that you usually have to pay up front. Well that is what the company paid for the vehicle. You get screwed after that. Most likely he will have to co-sign but If I were you...I would save enough cash to just buy a used one outright until the first is paid for then go get a new one.

my 2 cents

Buying a new car after repo and bankruptcy?

you could get a loan but your interest rate will be high. having a cosigner will help since it is additional income.