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OUR ATTORNEY BASED IN GREEN BAY CAN ADVISE YOU ON HOW TO BUY A NEW CAR AFTER BANKRUPTCY
You may be interested in buying a new car to help you get to a new job. This new position could help tremendously if you are trying to build your credit back up after paying off debts associated with a bankruptcy. However, many people wonder whether they are able to get a new vehicle in this situation. In most circumstances, the answer is, “Yes.” Generally speaking, you will need to wait until you get your bankruptcy discharge before making the purchase, and most people will need to take out a loan. The Law Offices of John A. Foscato, S.C. in Green Bay, WI, can walk you through this process.
Purchasing a Vehicle Can Help You Build Your Credit
You may have saved up enough money to where you can simply buy a car with cash but taking out a loan is typically what is done. Once you have gotten your discharge, you can buy a new car. However, if you wait longer after you have been discharged, then you will likely get a better interest rate for the loan. It is possible that you just cannot wait to get a new car, and in this scenario, it is preferable to review all your options to help you get the best deal. Taking out a loan can do a lot of good for your financial future because if you are able to make your payments on time, it can help you build up your credit score.
A Lawyer Serving Oconto, Shawano & Surrounding Areas
Many people feel that it is hopeless to regain a normal life after bankruptcy, but we have helped numerous people in Green Bay, Oconto and Shawano get a new car. We can help you as well, so call us at 920-432-8801. We can also help you with buying a home.
The Cost of Buying a Vehicle is on the Rise
The cost of buying a new vehicle has risen over the years. Currently, the average car price is roughly $48,000. If you credit is average, in between 600-659, and you put $1,000 down, you’re looking at a note of $928 month for 72 months. If you were to put $0 down, your note would be around $947 a month. Not only has the price of cars risen, but the interest rates have skyrocketed as well.
*12 YEARS RUNNING – GREEN BAY AREA’S ONLY 12 TIME BANKRUPTCY SUPER LAWYER 2008 - 2020
by Milwaukee Magazine
- Voted Top 5% of Attorneys and Peer Reviewed
- Validated by Third Party Research Across 12 Key Categories
