Yes, You Can Get a Car Loan After Bankruptcy
Financial setbacks happen, but they don't have to stop you from owning a car. Whether you've filed Chapter 7 or Chapter 11 bankruptcy, our network of car dealers are here to help you secure an auto loan that works for your situation. Our trusted network of dealerships and their lenders lenders are ready to help you get back on the road.
Understanding Bankruptcy Chapters
Chapter 7 Bankruptcy Auto Loans
You can often qualify for automotive financing even before your bankruptcy is discharged. After your 341 meeting with creditors, you're eligible to explore options for purchasing a reliable new or used car, helping you regain independence quickly.
Chapter 11 Bankruptcy Auto Loans
In Chapter 11 bankruptcy, financing is possible after discharge with trustee approval. While this process can take longer, we'll help guide you through securing an auto loan to meet your needs.
Tips for Bankruptcy Car Buyers
Follow these expert tips to improve your chances of approval
Know Your Credit
Review your credit report and dispute any errors. A clean report improves your chances of approval.
Save for a Down Payment
Providing a down payment of 10-20% shows lenders you're committed, improving your approval odds.
Use Trusted Dealers
Work with reputable dealers like those in our network to find reliable vehicles and transparent financing options.