After a bankruptcy discharge you can buy a car the very next day.
Many people aren’t aware you can buy a car as soon as your bankruptcy is discharged, but in many cases this is a real possibility.
If for some reason, you find yourself without a car after a bankruptcy discharge, you will want to read further.
The need to purchase a car shortly after bankruptcy may be the straw that breaks the camel’s back.
Bankruptcy Is Painful And Stressful – Getting A Car After A Bankruptcy Discharge Is Easier Than You Might Think
If you have gone through a bankruptcy chances are you can relate to what a difficult time in life this can be.
It can leave a person feeling ashamed, humiliated and embarrassed. No one likes to feel as if they have failed financially.
This entire process requires a lot of self-examination to discover how you got in over your head with your debts. All this can take a toll on the strongest of people.
The experience can be emotionally exhausting.
Perhaps you lost your set of wheels with the filing or maybe the one you did have just decided to quit running. This can add insult to injury.
Most Americans cannot live without a car to get them to their job and around town.
If you can relate to this, let’s remove the straw before it does break the camel’s back. You could have a chance to purchase a car the day after a bankruptcy discharge.
Do Your Homework
The first place to start is to find a licensed dealership that works with special financing situations such as this. There are some lenders that may be able to work a deal for you and put you into a car, but you will have to search them out.
This is because not all dealerships offer this type of financing.
You can try searching online for subprime lenders. Some websites make it possible to enter all your personal information which they will put out to several lenders at one time. This can be referred to as bidding; lending companies will compete to get a loan for you.
This is sometimes a great way to get a cheaper interest rate for a car loan after bankruptcy.
Another way may be to look for an auto consultant through a licensed dealership. An auto consultant does all the work for you. In addition, they understand that this is a temporary situation for most, and they want to earn your trust and hopefully build a relationship with you.
This makes for happy customers and good business sense.
The Bottom Line
Most auto consultants/auto brokers will listen to you and work with you to figure out the best deal with the best monthly payment so that you can get back on your feet.
These types of dealerships have the means to get you the car you want and a payment you can handle after a bankruptcy discharge.
After Bankruptcy Auto Loans | JFR & Associates, Inc.
8371 Southpark Lane
Littleton, CO 80120