When you've filed bankruptcy, your auto loan options are going to be limited, which means that buying an ugly car could be a great deal for you. Car dealers typically mark down less desirable cars in an attempt to get them off the lot. You could take advantage of this to get a cheaper vehicle that will get you where you need to go for now.
Buying an Ugly Car Makes Your Auto Loan Go Farther
Because people often pass up ugly cars, you can make your bankruptcy auto loan go farther if you buy one, because they are often offered at a discounted price. Dealers don't like vehicles to sit on the lot for too long because they don't make a profit that way. Whether it's a hideous color, an unsightly design, or is just not much to look at, you can use bankruptcy car financing to buy a cheap automobile that otherwise meets your needs.
Although you're unlikely (we hope) to find a Chevrolet El Camino, an AMC Gremlin, or a Ford Pinto at a used car lot, you may run across a perfectly acceptable but unsightly pre-owned Honda Element, Nissan Cube, or Toyota Scion IQ. These vehicles get decent gas mileage, and rank well in safety and reliability. Because they are less popular than comparable models, they are likely to be slow moving on the car lot, which could mean savings for you.
Car Financing for an Unsightly Vehicle
When it comes to getting bankruptcy car financing for an unsightly vehicle, BankruptcyAutoFinancing.com is here to help. Our lenders who work with bankruptcy will get you the loan you need, with payments you can afford. You may even be able to drive your new-to-you car the same day if you've completed your bankruptcy.
To get started, submit our quick and easy application today. One of our friendly bk car loan specialists will then contact you with your approval information. Then you can go pick out a car that meets your needs, and will help repair your credit. As your credit improves, you could trade it in for a prettier automobile, if you choose.
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.