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Happy New Year!

Happy New Year from all of us at ReplaceVehicle.com! Hope you have a safe and prosperous new year!

3 Tips for Saving Money on Your Car Purchase after Bankruptcy

Being approved for an auto loan after bankruptcy isn’t nearly as difficult as finding a good deal on a new or used vehicle. If you want to keep a few extra bucks in your pocket, you will need to prepare yourself to work to get the best deal possible on the car, truck, or SUV of your choosing. Here are a few tips for saving money on your first car purchase after bankruptcy:

1. Avoid Buying a New Car: Once you are approved for a low-interest auto loan, you may be tempted to go out and buy a new car. Unfortunately, you lose money the minute you drive a new car off the lot. A car is a depreciating asset, which means it decreases in value over time. However, the biggest amount of depreciation occurs in the first two to four years of a car’s life.

2. Get Prices from Multiple Dealers: When shopping for a new car, it’s important that you do just that: Shop! To ensure that you get the lowest price possible, visit multiple dealerships and be sure to make it known that you are shopping around. If you tell the salesman that another dealer is offering a lower price, he will likely make a counter offer to keep your business.

3. Wait on the Trade In: If you are considering a trade in, bring it up only after the final negotiations have been made. You should also research the value of your old car so you can ask fair price for it. If the dealership refuses to pay fair market price for your vehicle, consider selling it yourself. It may take some time to sell your vehicle on your own, but you will cut the dealership out of the equation and keep 100% of the sale yourself.

If you live in the Los Angeles or Orange County area and are looking for a low-interest auto loan after bankruptcy, visit ReplaceVehicle.com. Our low-interest auto loans will allow you to get behind the wheel of a safe and reliable vehicle without costing you a fortune in interest payments. For more information, contact us online or dial (949) 243-5828.

Happy Holidays!

Wishing you and your family a Happy Holiday Season from all of us at ReplaceVehicle.com! We hope that you and your family enjoy this holiday season and have a very prosperous new year!

4 Common Questions about Auto Loans After Bankruptcy

Not many dealerships or financial lenders will offer low-interest auto loans after bankruptcy, so it’s natural to have a lot of questions if you are in that position. Fortunately, ReplaceVehicle.com has a lot of experience with low-interest auto sales following bankruptcy, so we have the answers to many of the questions that you may be asking yourself or others. Some of the most common questions we are asked about car loans after bankruptcy are:

1. How soon after my discharge can I get an auto loan?

After you receive your bankruptcy discharge, you can get a new auto loan almost immediately. It may take some time for the information to get processed, but there is nothing that says you can’t apply for a loan the day you are discharged from bankruptcy.

2. Can I still get a loan if I am currently in bankruptcy?

If you are still in Chapter 7 or Chapter 13 bankruptcy, you can apply for an auto loan only if you have an Authorization to Incur Debt from the trustee of your bankruptcy proceeding. To learn more, consult your trustee or bankruptcy attorney.

3. How does the process of obtaining a loan from ReplaceVehicle.com work?

The process is really quite simple, actually. After receiving your info, we will secure a loan commitment on your behalf from one of our lenders and then forward you all the details via e-mail. We will even supply you with the information necessary to figure out what your car payment will be.

4. Can I pay off my loan sooner if I want?

If you are able to get your finances in order after receiving your auto loan, you may pay off the loan whenever you would like. Unlike other lenders, our low-interest auto loans have no repayment penalties.

If you have more questions about auto loans after bankruptcy, visit ReplaceVehicle.com. As the best post-bankruptcy auto lender in Los Angeles and Orange County, we can help you get behind the wheel of the safe and reliable car you deserve. For more information, contact us online or dial (949) 243-5828.

Los Angeles Car Loan After Bankruptcy Resources from ReplaceVehicle.com

Buying a car is a significant financial decision, and one that can be particularly difficult to make after a bankruptcy. Careful planning and budgeting, and loans from the right lenders can make this process much easier. If you want to learn more about buying a car after bankruptcy, then take a look at these links:

• Learn how to create a solid budget for a car in this guide from DMV.org.
• Get some tips for keeping your car efficient by ensuring that it is properly maintained at FuelEconomy.gov.
• Check out this Cars.com article to learn some of the advantages of buying a used car.
• Take a look at this website to learn how to drive as efficiently as possible.
• Use this list to start learning some basic car maintenance to help you cut down on the cost of car ownership.

For more information, call the car loan after bankruptcy experts today at ReplaceVehicle.com at (949) 243-7277.