Car is worth more than the asking price, how difficult will it be to get a loan for it?

  • Thread starter Thread starter drunkinshooter
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drunkinshooter

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I am fresh out of a bankruptcy, it was completely discharged Nov. 30th and I am looking at buying a used car from a friend. I had good credit before the bankruptcy but was forced to file due to divorce. My question is will it be difficult for me to get a 5000$ loan for a car that Blue Books at roughly 8000$?? I am buying it from a friend that is giving me a good deal to cut me a break plus he lost his license for a long time to a DUI. I would really like to get a good idea of what I am up against before I start hitting up the local banks. Thanks for reading
 
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