Should I buy a new hybrid car if I just went through Chapter 7 bankruptcy?

"Through bankruptcy, I was able to keep my car and car loan. However, my current car gets only about 22 mpg.

I want a hybrid car that gets at least 35 mpg. Should I get the new car if it will save me on gas, even if I just went through bankruptcy?"

“No, you should absolutely not buy a new car. You just got out of bankruptcy. The last thing you want to do is get back into debt.
Drive your current car until you have to duct-tape the doors on. It’s the only way that you’re going to get yourself out of bad spending habits and crippling debt.”
Eric Schad
Answered on Jun 03, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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