Bankruptcy is fresh start, and we work with lenders who recognize and appreciate that.
Financing a used car during or after bankruptcy helps repair your credit.
Declaring bankruptcy improves your debt-to-income ratio, which makes you a more attractive borrower than you were before you filed.
Whether you’re doing a Chapter 7 or a Chapter 13 bankruptcy, you can apply for used car financing as soon as you’ve filed – there’s no need to wait.
Many lenders won’t require any down payment at all, but if you can make one it will help.
Will you pay a higher interest rate? Yes, but it’s a small price to pay in order to get the car you need in spite of a bankruptcy.