Have you filed for bankruptcy and are wondering if you can still get a car loan? Well the answer is yes! Believe it or not, you can actually get a car loan the day after filing for bankruptcy, and start rebuilding your credit. You just need to find the right bankruptcy car dealers like TransCan Leasing.
In order to apply for a car loan after bankruptcy, make sure to do these things:
1. Worth with an expert financial adviser to review your credit with you, as there may be some things you need to do before you can apply for a car loan. Make sure they help you with making sure all your accounts are closed, and that your information with the credit bureau of Canada is correct.
2. Make sure your expectations are not too high, as you won’t be driving home with a Cadillac at the end of the day. Here at TransCan Leasing we work with you to find the best vehicle that works for you and your financial needs. It may not be the most expensive car on the lot, but it will work perfectly for you and your financial situation.
You need to remember that taking out a car loan after bankruptcy is the first step in the journey to reestablishing your credit. We will work with you to make sure we setup a system that is within your financial capabilities, and that a bill is never missed. With this your credit should start to build up in no time!
For more information and how you can get started in leasing a car after bankruptcy, contact TransCan Leasing today!