In this article we are going to talk about whether you should go with bankruptcy car dealers after filing for bankruptcy. When people file for bankruptcy there can sometimes be mixed emotions. On one hand you have now taken care of all your debt, but on the other hand you are going to have a hard time getting any type of financing in the future. While you may have a hard time getting credit cards or loans from the bank, a car Loan after Bankruptcy is not impossible.
Finding Bankruptcy Car Dealers
After bankruptcy it is definitely a little tougher to get a car loan, than it would be if you had not filed, but there are options available for you. There are many dealers out there that can offer solutions for you, like us here at TransCan Leasing. Due to the volume of Bankruptcy Car Dealers out there, you’ll want to make sure you do your research and choose the dealer who is right for you.
How does the process work?
Car financing after bankruptcy is actually quite a simple process, and is much easier than you may think. Here is a breakdown of the process of getting a car loan after bankruptcy:
- Do you research and find bankruptcy car dealers in your area that offer financing, and who will work with you to make sure you get the loan.
- Make sure you have the proper information that the dealer will ask for, such as proof of employment and identification.
- Think about the type of vehicle that you’re interested in. Make sure to be realistic in your expectations, as the changes of you walking away with a brand new car for that year is a little lower.
- You will then go through the application process, and then you’re good to go!