http://www.1stsubarudealer.com/subaru-finance-canada/
Buying a car after bankruptcy is not impossible. If you have just filed bankruptcy and you no longer have a car, you probably want to do something about that!
You may have been heartbroken watching your car being towed away (I was), or you may have given it back because you did not want those high payments. Either way, you need transportation-unless you live somewhere that has great public transportation or you can bike everywhere (which is my personal choice if I can).
My first suggestion is to find a car that you can afford to buy for cash. And yes, it CAN be done. You may not want to get a car loan at this time, although it can be done.
It doesn’t have to be a car that has all of the gadgets and it doesn’t have to look “sexy”. It just has to get you to where you need to be and back.
Remember you are in the phase of getting back on your feet and you sure don’t need get yourself back into trouble again. You are not looking for “THE” car right now, and also know that “THE” car will come.
After my car was towed away, I needed to get something that would get me around. I went to a Subaru dealership and found an old Subaru on the lot.
Yes it had some rust and yes the clutch had to be babied, and yes it was embarrassing to drive after the sporty, sexy car that I was used to, but I got it for $800 and had no monthly payments. The insurance was a lot less too. That Subaru just kept going and going and going. It never did need a new clutch. I eventually gave it to my brother.
KNOW THIS: YOU ARE NOT YOUR CAR. So drive what works for you for where you are now.
Do your research on the car that you want. If you need to pay a little more in interest, at least don’t over pay for the car!
I like to use these two sites for checking out values:
http://www.kbb.com and http://www.edmunds.com
It’s easy to find the value of a car you are looking at.
When my daughter and I were shopping for her car, we went to a dealer with the intention of just looking. The sales person was very good. He had us looking at a car we had never even considered and was willing to make us a really good deal.
Since I had never considered this car, I had not done any research on it. The car was a two year old Ford Escort, with very low miles, which I liked a lot. But I did not have any clue what it was worth.
I asked the sales person if there was a computer that I could use and he gave us an office and access to a computer – and privacy. We checked on the value of the car, went back into his office and were able to negotiate a great deal.
The deal was so good that now, four years later with 50,000 more miles the blue book is what we paid for it.
If financing is the way for you to go, check out Part 2 of this article. There are some options to think about.
Maria Bucaro wrote “Bankruptcy Into Abundance”. In this book you will learn how to not only survive bankruptcy, you will learn how to prosper and live a life of abundance. You can have your own FREE copy now as a gift from Maria by going to Click Here to Get my book!
Bankruptcy Into Abundance takes you from answering all of your bankruptcy questions to showing you how to actually prosper after bankruptcy. Pick up a copy of the book to get your questions answered!
2008 SUBARU IMPREZA WRX STI
