Cars and a proposal
September 24th, 2009 by Questions
I am in a position that will very likely mean I need to do a consumer proposal in the next couple of months. My income is now a quarter of what it was so my 2 cars are far too expensive to keep but we do very much need two vehicles. My parents will give me some down payment money for a couple of cheap used vehicles. My plan would then be to get rid of the 2 vehicles costing me $2,500 a month in my proposal for the 2 vehicles costing me maybe 300-400 a month. Will this be a problem? I would not use existing credit sources to get any of the down payment money.
In the end I have 2 vehicles that I must get rid of and I need 2 cheaper ones while I’m paying out my proposal
Posted from: Ontario