Are you looking at getting a new car? You don’t have to feel ashamed that you’re thinking about spending. Even though the economy is bad, consumer spending is what’s going to actually get us out of it. Well, let’s rephrase that — sensible consumer spending is what is going to get us out of this mess. You have to know when it’s the right time for you to think about getting another car. Some people will automatically know when the right time to get another car really is. It’s into something that we can really determine for you. If you feel that you’re not ready, then that’s okay. You can continue to do other things — like saving up for a bigger down payment.

But if you’ve already saved up a good down payment and you know that you want a new car, you still might have one more stumbling block: your bankruptcy.

If your bankruptcy has already been discharged, then your life is supposed to go back to normal. However, you might still be in the negative frame of mind, beating yourself up about your bankruptcy in a thousand different ways. You need to break out of those habits immediately. No matter what led you to declare bankruptcy…it’s done now. You can’t go back in time and change it, so why worry about it. The reality is that you aren’t the first person to declare bankruptcy, and you’re not going to be the last person. There’s a reason why there are laws in place to allow you to declare bankruptcy in the first place. So what you need to do is put a positive spin on things.

Car Shopping

You’ve gotten out of the bankruptcy process, and you’ve have built up a better credit history. You need to face the auto dealer with a clear mind.

If you want to do so, you can even go online and compare different car loan offers. You want to get a clear picture of the type of setup that you want. The more you can show that you’ve thought about financing, the more likely it is that the dealer will cut you a good deal. You don’t have to assume that you have to beg and plead with the dealer to even get a car.

Believe it not, you’ll find that a lot of dealers are interested in you. They’re not too terribly worried about you defaulting because you can’t run back and declare another bankruptcy for a long time. This means that if you do run into tough financial times, you’ll have to negotiate and work your way out of things slowly. This means that you’re a good credit risk in the eyes of the dealer. They want to earn your business and not scare you away. This is a very good thing on many fronts, so why not take advantage of it?

Make sure that if you do have any questions for the dealer, that you don’t just brush them off with the fear that you’re going to get looked down upon for having questions. That’s just silly. You are better off looking at how you honestly want to be portrayed and considered. There’s no need to plead and hope that everything comes together. Go in with confidence and you’ll find yourself much closer to the car that you’ve always wanted. Good luck!

By Jasmina