Chosen by Asker

Auto finance is what I do for a living and there are several lenders out there that will loan to people with fresh BK discharges. Find a large dealer that advertises Special Finance and go talk to the Manager they should be able to help you.

Source(s)

Finance Manager for a car dealer for over 9-years.

by SPIFIMAN1

2 months ago

Asker's Rating: 

The only people who will approve you are the dealers that "finance everyone" where you'll pay 25% percent interest on a car that sells for twice what it's worth. Think about this for a minute...would you loan you money with bad credit and a bankruptcy? If you really do know people who "walked away with a new car" why don't you ask them how they got it?

by Common Sense- 2 months ago

My god...I had to report 4 or 5 spammers on this question. I was recently discharged from bankruptcy myself this past April and I know for a fact Capital One online will extend credit. I would do a yahoo search for 'bad credit auto loans' and pick a familar name. Merrick bank is also a sub prime lender thats considered a 'big name' bank. Another good place I would check is a local credit union, they are much more lenient to extend credit to people with poor history or past bankruptcies. I was discharged in April and got a personal loan from my bank 3 weeks ago with 4.25% interest for 12 months. Dont let people scare you about high interest. Yeah, its not going to be the market going rate of 6 or 7% but my co-worker filed chapter 7 last year and 3 months post discharge got a loan from a used car lot (dont know the exact bank that did the loan) for 9.5% and 0 down. Good luck!!

by technologic80- 2 months ago

check at a local credit union. they gave me a car loan and a secured credit card which will help re-establish my credit post bankrupcy.

by ConfusednOHIO- 2 months ago