What if I am in bankruptcy?

Asked by Cheeks84 Dec 04, 2020 at 06:50 PM

Question type: General

5 Answers

366,745

You take the bus.

1 people found this helpful.
268,505

Right, you cannot buy a vehicle while in bankruptcy. If you do manage to buy a vehicle from a shady dealer and your trustee finds out they can dismiss your case.

1 people found this helpful.
133,415

A bankruptcy lawyer will argue you need a vehicle to get back and forth to work to maintain gainful employment. A private seller, where you pay cash for the vehicle, or a buy here pay here Dealer are about your only two options. Hope that helps! Jim

1 people found this helpful.
366,745

I will disagree with my buddy Js a little bit and say stay away from Buy here, Bankrupt here dealers. They are loan sharks that will fleece you for your last dime and then take your car away if you are a day or two late on payments.

1 people found this helpful.
133,415

Agreed, F_O_R. Not the best dealers to buy from. Jim

1 people found this helpful.

Your Answer:

Sell Your Car Yourself

With a simple, secure transaction.

Shortcuts

General Experts

  • #1
    F_O_R
    Reputation
    102,190
  • #2
    COMETGUY61
    Reputation
    52,800
  • #3
    G A Arne
    Reputation
    40,890
View All

Find great deals from top-rated dealersTM

Search

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.