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  1. 01-05-2007, 04:35 PM #1
    CreditForums.org
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    Default Getting a Car Loan After Bankruptcy

    Getting a car loan after you have filed for bankruptcy may be something you think is impossible. However, the truth is that there are many lenders around who will lend to you even the day after your bankruptcy is discharged. Following are a few tips to help you make the most of a situation none [...]

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  2. 01-31-2009, 03:58 PM #2
    anjelina
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    How exactly does a car loan work?I bought a 2007 Toyota Camry last August. It is still appraised at $21,900 in the blue book. However, I have not so great credit so I still owe $28k on my car loans from Citi. I have been thinking about trading in my car and getting a used car that is about $13k or so. Is that stupid? Any help would be appreciated. Thanks!!!!
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  3. 01-31-2009, 10:02 PM #3
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    Magic69
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    That doesn't sound stupid to me, but it does sound like you are "upside down" on your current loan. By that I mean you owe more on the car than it's worth.

    Have you tried to find out from a few dealers how much your car is worth on trade-in?
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  4. 01-25-2011, 12:26 PM #4
    lizdowlink75
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    Quote Originally Posted by Magic69 View Post
    That doesn't sound stupid to me, but it does sound like you are "upside down" on your current loan. By that I mean you owe more on the car than it's worth.

    Have you tried to find out from a few dealers how much your car is worth on trade-in?
    Definitely find out how much you can get for it on trade in. Anytime you owe more than something is worth its a sign to get rid of it.
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