How to Get Car Financing and F.A.Q.

Read our answers to some of the questions we are most commonly asked about getting a car loan with bankruptcy.

Can I get an auto loan while in an open Chapter 13 bankruptcy?
Yes, you can get an auto loan while in an open Chapter 13 bankruptcy. It will, however, require more work on your part and may take longer to complete.

Can I get auto financing during a Chapter 7 bankruptcy?
Yes, you can get auto financing after filing, but before the Chapter 7 bankruptcy is discharged. Not everyone qualifies for these programs, and the lenders who participate in discharged bankruptcy auto loans are limited.

How long do I have to wait after the bankruptcy is discharged before I can complete an auto loan application after bankruptcy?
Most people qualify as soon as the bankruptcy is discharged.

Can a person who has had multiple bankruptcies still get a car loan?
Most people can qualify for auto financing as soon as their most recent bankruptcy is discharged.

How much money down will I need?
When buying a car after bankruptcy, it is recommended that you have some money down. There are no-money-down auto loan programs available, but they usually have less favorable terms.

Will I qualify for bankruptcy auto financing if I had a repossession?
Yes. Most bankruptcy auto loan lenders will ignore the repossession as long as the deficiency balance was included in the BK.

Bankruptcy Questions on Auto Loans

Get a Car Loan After Bankruptcy
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