It’s 2021 and what better way to welcome the new year than with a new vehicle! Since many of our customers have less than ideal credit situations we wanted to share some advice. Transcan Leasing helps buyers in all types of situations. That’s why we want to share some tips to consider when you’re deciding between bankruptcy car dealerships in 2021. Make 2021 your year to get ahead and stay on track.
Tips to choose between the best bankruptcy car dealerships
Contrary to what you may have heard it’s possible to get a loan after declaring bankruptcy. When you work with a car dealership like Transcan Leasing it doesn’t have to be stressful either! Have you heard that it’s nearly impossible to rebuild your credit after you’ve gone bankrupt? Thankfully this is just misinformation. The reality is that you can most definitely get a car loan because we happily assist customers all over the country with this specific type of financing. So how do you choose the best bankruptcy financing for your new vehicle? It’s easy! We suggest starting with the basics!
Have a conversation!
Preferably a phone call is worth your time in this instance. The last thing you want to do is get wrapped up in some type of online scam. Especially after all you’ve been through up until this point! Scams where they take your data or worse your money are rampant. A quick phone call to verify the people you are speaking with are from a legitimate company is warranted. If the company is real then they will understand your need to verify them and will not be offended by your inquiry.
Get your notebook out and start asking the right questions! For instance you could ask if the bankruptcy car dealerships offer special programs for people in similar situations. You should also ask for a recent reference of someone who has previously attained a bankruptcy car loan from the dealership. Especially if you were not referred to the dealership personally. You’ll also want to know what interest rate they are offering at the time of signing.
Be prepared to take your time!
Expecting that things will take a little longer to process than a regular dealership transaction is great advice. Bankruptcy car loans can involve a little more back and forth. Especially since there is a trustee involved. Set your expectations early to avoid disappointment. Enjoy the process and make sure all your questions are answered before proceeding.
After bankruptcy it’s always a good idea to keep an eye on your own credit situation. Sign up for a credit reporting service so that you can remain informed. Monitoring your credit once per month will help you to form a good habit because you’ll be on top of any errors. Having access to your credit score isn’t something to shy away from. Knowing this number is key to your financial success.
Why Transcan Leasing is the among the best choice for bankruptcy car dealerships
The bottom line is that you should choose from the bankruptcy car dealerships that make you feel the most comfortable. With Covid-19 making in person test drives and financing applications more difficult we see a lot of the process shifting to online sales. Be careful with whom you choose to work with because there are a lot of online scams. The rule is still if it’s too good to be true, well, sadly then it might be a scammer trying to take advantage. Transcan Leasing has a proven track record, and a long list of really happy customers who are now back on their feet!
So if you’re looking to repair your credit with a bankruptcy car loan then give the excerpts at Transcan Leasing a call today to start an application!