Believe it or not, obtaining a new car note after bankruptcy is getting easier for San Diego residents. This is because lenders know that once you file a chapter 7 bankruptcy you cannot file again for another 8 years, and most vehicles are only financed for up to 6 years. This means by the time you would be able to file for bk protection again the car would be paid in full.

Because this is public knowledge you will probably receive many letters in the mail offering you “great deals” on a new car loan after bankruptcy from local San Diego dealerships. What they aren't telling you is that these “deals” come with extremely high interest rates that could make your monthly payments unaffordable. Luckily there are some lenders and dealers that can help you.

How BankruptcyAutoFinancing can Help You

Here at BankruptcyAutoFinancing.com we work with a network of San Diego subprime lenders that specialize in bankruptcy auto loans. They have both the tools and experience necessary to help you get into an affordable car note without breaking your budget.

There are some things to keep in mind when financing a car with bankruptcy on your credit report. Bankruptcy clients are considered a high risk consumer to lenders and therefore, the loans carry higher interest rates and short loan terms. Fortunately, once you have made timely payments you credit score will start improving and you may be eligible for a refinance to lower your interest rate and monthly payments.

If you are living in San Diego and are about to be discharged or have been recently discharged and you’re looking for a new or used car, we can help you. To see how much you could qualify for fill out and submit our secure online application today. You could be driving down the streets of California in your new car in a matter of days.

Remember, we are not lawyers and cannot give legal advice. The situations discussed are only our experiences over the years and may vary with each customer.