Buying A Car After Bankruptcy
You might think that buying a car after bankruptcy is a difficult task, but did you know there are auto finance companies that specialize in this niche? At BKCarFinance we have over 100 years of combined industry experience to provide real auto lending solutions for the post-bankruptcy population. In fact, we’ve been working in this niche for so long that we’ve developed relationships with direct lenders who also specialize in the post-bankruptcy auto lending arena. If you have a discharged bankruptcy and you need to buy a car, look no further than BKCarFinance.
The BKCarFinance Difference
It isn’t uncommon for individuals with poor credit to go from one dealership to the next in search of a company that is willing to lend them money for a car. While it can eventually work, there’s a better way to do it.
At BKCarFinance we give our customers real lending solutions so when they arrive at the dealership they know what to expect. Here’s how:
- Apply for an auto loan on our secure website
- Within minutes you could receive multiple loan offers. Review which financing terms are most agreeable and select your lender.
- Go to the dealership with an e-check in hand and purchase your car. It really is that easy.
We empower our customers so they can shop with the same confidence that people with good credit do. If your bankruptcy has been discharged, we can help you get into the car you need.
Post-Bankruptcy Car Buying
Buying a car after bankruptcy is easy when you work with BKCarFinance and you meet our lender’s guidelines. They require the following:
- Gross verifiable monthly income of $1,800 or more
- No repossessions within the last 12 months
- A FICO score of 525 or higher
- No open bankruptcies
- A minimum amount of qualifying credit
If you meet the guidelines above, submit an application online and you could be approved within minutes.
Buying a Car After Chapter 7 Bankrupcty
BKCarFinance is integrated with a network of auto dealers and lenders that specialize in post-bankruptcy car loans. Unlike other big ticket purchases like a home mortgage or a boat that require credit, buying a car after Chapter 7 bankruptcy can be easy. Chapter 13, on the other hand, is a bit more challenging and would require you to do business with a buy here pay here lender like CarLotLoans unless the BK 13 is complete and all of your required payments have been made.
If you have declared bankruptcy in the past it really isn’t an insurmountable challenge to get a car loan. In fact, if you meet our lender’s criteria, buying a car after bankruptcy can be quite easy. To get started, complete our secure, online application and you could be driving your new car tomorrow.