Purchase used vehicles. Vehicles decline in value the second you drive them off the lot. Most new vehicles are financed, which means you are upside down in your note the day it rolls into your driveway. It is not unusual for bankruptcy clients to owe $20,000 or more on household vehicles. Used cars may not be as pretty, but when you don’t have a monthly car payment, they look a lot more appealing in your garage.
For more information on bankruptcy, please visit http://www.abankruptcyfirm.com/ or contact your Kansas City Bankruptcy Lawyer, Betsy Lynch at 816.434.6616.