Starting a new business in a professional field as soon as licensing is complete, and I will want to get into a second car (own first outright). I won't have any source of provable income, but I will have some money in the bank. Plan has been to just buy a beater for cash and then make the move to something nicer once things settle in.
Lately I have been kicking around the idea that I might just try to get into something certified pre-owned, think 2009-2010, with a price of 10-15k. I would have a minimum of $3500 to spend, and would increase that up to maybe around $7500. I dont need anything flashy, just reliable and comfortable.
Scores with a Ch 13 BK a little over a year old are around 670-700 depending on bureau.
Any shot on something certified or should I be prepared to only be able to just plunk down 5k and PIF something older and ride it until things change?
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If the end LTV % is low enough, a primary lender might waive POI in your situation.