IF YOU'RE FILING BANKRUPTCY or struggling to pay off tax liens and get your life back on track you want and need your car. In most cases it's vital to get you back and forth to work and allow you to live your life.
Normally, in a bankruptcy, you have very few options. Your payments may be too high based on the value of the vehicle and if you don't want to reaffirm your loan and continue those high payments you have to surrender the vehicle. If you do surrender the vehicle, your chances of getting a loan through a conventional dealership or lender are highly unlikely. Neither one of these is a good choice.
We offer the legally recognized solutions of REDEMPTION or REPLACEMENT and we can handle all aspects of these transactions whether you're filing a Chapter 7 or 13 bankruptcy.
This can result in a shorter term and lower payments if you keep your car or we can replace it with fresh, low mileage pre-owned vehicle that meets your needs. Please note... it is vitally important to shorten your payment term while you are still in the bankruptcy process. Vehicles depreciate rapidly (lose value as they age) and a long term auto loan with a high payment is one of the key factors that cause financial instability for borrowers. Bankruptcy protection can help you break this cycle and improve your chances of successful financial recovery. Learn more about REDEMPTION or our Wholesale REPLACEMENT program
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