Where can i find an auto loan if i've filed bankrupt?

Question

I only need about $3500

Answer 1

I had the same problem. I went through the dealer who is motivated to make the sale work. Based on the fact that the amount is relatively small, you may be able to swing it through something like Wells Fargo, if you have been discharged from your bankruptcy. If not discharged, it is very unlikely that anyone will lend you the money, leaving only family and friends.

Answer 2

Don't do it. High risk money lenders usually will charge you such a high rate that it probably isn't worth it. Suze Orman would tell you to save your money instead or settle for less right now. When your credit improves to a point where you can qualify for a better rate, then consider upgrading to a nicer car.

Even if you are considering rebuilding credit, it'll be much harder to do so when you have an auto loan on your back. Pay off your debts if any didn't get settled and start over small. The bus may not always be the most favorable mode of transportation but for me, it's about 20 times (literally) cheaper than driving.

Bankrate.com has excellent advice on things that you should do after bankruptcy. I have included a link below.

Finally, the last link is an article called, "Buying a car during Chapter 13 bankruptcy" which is more likely if it's not Chapter 7.

Good luck.

Answer 3

Be careful, you will be charged large interest rates. If you are determined though, you can compare loans and interest rates from different vendors at the link below.

Answer 4

hi

Answer 5

Just about any "Fast Eddie's" car sales company will finance you at a rediculous interest rate.

Answer 6

anwhere that advertises no credit, bad credit, bankruptcy ok.....you are right that you need that amount of money...a lot of times a larger down is required and the interest is higher but it is the price you have to pay to rebuild your credit