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Wednesday, October 28, 2009

How To Buy A New Car After Bankruptcy

I met with a prominent bankruptcy attorney today to discuss ways AutoBids can assist his clients with purchasing a car after filing Chapter 7 or 13 BK.

"Believe it or not, most of my clients are more worried about losing their car than losing their home," says Rustin Polk, president and founder of 214Bankruptcy.com. “They are typically looking for a vehicle of a certain category – an SUV for families for something more fuel efficient for instance – rather than a specific vehicle. Price and quality are the two most important considerations for my clients, in addition of course to funding.”

As such, I'm pleased to announce that we are creating a long awaited pre-owned section on the website bringing late model, used cars into the AutoBids family of services. Sources of inventory will come from AutoBids dealers and industry partners and we will be working diligently to find sources of loans who are willing to extend credit to the more risky C and D Tiers of the financial markets.

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