Home / Uncategorized / Shopping interest rates in making a car purchase in a Chapter 13.

Shopping interest rates in making a car purchase in a Chapter 13.

It pays to work these car dealers over to get a good interest rate. The Chapter 13 Trustee will allow you to buy a new car but will not allow the dealer to screw you on the interest rate.

Recently, a client got approval to buy a new car but the dealer insisted on 20% interest. We backed the dealer down to 6% – payments went from almost $600 down to $450 a month.