| If you are buying a car after bankruptcy, here are a | | | | value of their trade in. |
| few suggestions that could help: | | | | ...and they'll go back and forth with the dealership for |
| First, you want to make sure you've done everything | | | | two orthree hours until everyone agrees on the |
| you canto increase your credit score. Once you've | | | | numbers and a sale takes place. |
| done that you're ready to start shopping for your car! | | | | Chances are the buyer still may have left a pile of |
| Here's a question for you: Is it better to get outside | | | | money on the table - and didn't even know it. The |
| financing or get financing through the dealership when | | | | reason the buyer probably left money on the table is |
| you are buying a car after bankruptcy. The answer is... | | | | that they more than likely made two critical mistakes |
| drum roll please... it depends! | | | | without even being aware of it. One mistake was that |
| It's worthwhile to apply for outside financing when | | | | they didn't negotiate all five parts of the sale |
| buying a carafter bankruptcy. But make sure you do it | | | | separately. The price of the car is just one part. |
| through the right lender. If you don't, you could end up | | | | On that note, another step you will want to take is to |
| paying $100s or $1,000s more in extra interest. If you | | | | improve your car buying skills. How? Visit websites |
| even get approved at all. | | | | that provide car buying tips. Another way is to pick up |
| Now let's assume you've done your homework. You | | | | a good book on how to buy a car - you can find quite |
| found thecar you like, you know how much that make | | | | a few of them out there. Unfortunately, I have not run |
| and model sells for, and you know how much your | | | | across any that provide specific information on buying |
| trade in is worth. It's time to visit the dealership... | | | | a car after bankruptcy. However, After Bankruptcy |
| Let's say you find the specific car you want to buy. | | | | Credit Solutions does cover this topic in detail - so the |
| Now you're going to need to negotiate the price. | | | | information is out there. |
| If you lined up outside financing, then you're in a | | | | Other than a home, buying a car is one of the bigger |
| goodposition from a negotiating standpoint. But what if | | | | purchasesyou're going to make. You need to AVOID |
| you couldnot get outside financing for a car after | | | | any mistakes that cancost you up to $100s or $1,000s |
| bankruptcy? What ifyou need to depend on the | | | | of dollars in extra interest. In other words, you simply |
| dealership to get you financed whenbuying the car | | | | can't afford not to get things right when you're buying |
| after bankruptcy? | | | | a car after bankruptcy. |
| Many people think that since they had a bankruptcy | | | | This article covered some steps you can take which |
| they areat the mercy of the car dealership in this | | | | could help when buying a car after bankruptcy. Put |
| situation. THIS | | | | them to use and they could save you from making |
| SIMPLY IS NOT TRUE! | | | | some expensive mistakes! |
| Let me share a little secret with you: If the dealership | | | | ==================== |
| hasrun your credit report and they start negotiating | | | | Copyright © 2006 Innovative Solutions Publishing, |
| with you,then they're pretty sure they can finance you. | | | | Inc. All rights reserved. |
| After all, do you really think they would waste their | | | | DISCLAIMER: |
| time negotiating a price with someone they did not | | | | This information is designed to provide only a general |
| think they could finance? Of course not! | | | | overviewof the subject matter herein. |
| Here's where things get interesting. How many times a | | | | This information is provided with the understanding that |
| year does the dealership negotiate with buyers? | | | | neitherthe publisher nor author is engaged in rendering |
| Probably hundreds of times a year at a decent sized | | | | legal,accounting or other professional advice. If legal or |
| dealership. Now what about you - how many times do | | | | otherexpert assistance is required, the services of a |
| you negotiate for a car? If you are like most people, it's | | | | professionalshould be sought. |
| probably once every so many years. | | | | Neither the publisher nor author shall be liable for any |
| Most people will thoroughly research the price of the | | | | loss ordamages, including but not limited to special, |
| carthey want to buy. If it's new they'll take time to find | | | | consequential,incidental or other damages, caused by |
| out the dealership's cost and, if they have one, the | | | | the information containedherein. |