Bankruptcy Car Loans at Davis Chevrolet
Declaring bankruptcy is a tough situation for anyone, but it doesn’t have to be a dividing line between you and buying a vehicle. Our Davis Chevrolet finance team specializes in dealing with bad credit financing and can help you make your next vehicle purchase with a Chevrolet, Buick or GMC model that works for you and on terms that align with your restraints. When looking for a car loan after bankruptcy, there are a few things to keep in mind. Read on with our financial experts here at Davis Chevrolet in Airdrie as we outline our bankruptcy car loan solutions.
Learn how to rebuild your credit here.
What to Look Out for When Searching for a Car Loan After Bankruptcy
There are a few key points to ensure you have control when searching for a car loan after bankruptcy. Follow these tips to receive the best possible experience when finding a bankruptcy car loan that fits your needs.
Review Your Credit Report
You need to do a thorough check and clean your credit report before you go out and apply for auto loans. You want to work as hard as possible to get the best score you can and have nothing affecting you negatively that doesn’t need to be there. A good idea is to add a section outlining your current situation.
Keep a Budget
You can only afford so much, and while it is tempting to go above your means to get a different type of vehicle or to more quickly pay off a loan, if you can’t comfortably afford it, you shouldn’t entertain the idea. Figure out what a healthy monthly payment is that you can afford each month, and stick to that line.
Ensure You’re Able to Pay on Time
Car dealerships like us here at Davis Chevrolet will be able to provide unique payment situations and intervals. Make sure you are able to pay these payments on time because consistent and dependable payments like this will help to rebuild your credit.
Lease Here Pay Here Program
Here at Davis Chevrolet, we have a Lease Here Pay here program, which better helps you to purchase a vehicle after bankruptcy. The interest rates may not be as low as banks that you might expect, but are situated as such to promote rebuilding your credit and have you work toward getting a newer vehicle once you’ve paid as required.
How to Rebuild Your Credit with a Bankruptcy Car Loan
The beauty of buying a vehicle in the journey toward recovering your credit situation is that an auto loan is a large portion of payment that goes a long way toward slow but steady recovery. Paying off your auto loan each month on time, does a great deal in improving your credit and also allowing you to borrow more easily in the future. As such, this is a fantastic way to build up your credit again after suffering through bankruptcy. It’s not an overnight process, but consistent and dependable work toward this goal will find you where you want to be, out from your bad credit and further away from the bankruptcy of your past.
How Our Lease Here Pay Here Program Helps You
Our Davis Chevrolet Lease Here Pay Here Program is here to help you, especially those of you who may have fallen on hard times and are dealing with such issues like bankruptcy. Our finance team is sympathetic to your situation and will treat your needs with respect. If you’re not able to find a vehicle or qualify through traditional means with a bank or financial lender, Davis Chevrolet can assist in your time of need. Read more about this program on its dedicated page, and contact us, today, for more information and how you can get started finding a vehicle and payment plan for you.
Get a Bankruptcy Car Loan at Davis Chevrolet
We realize that discussing your bankruptcy situation is a sensitive subject, but our Davis Chevrolet team has helped many before just like you find a car, truck, SUV or van that works for their current needs and budgetary restriction. A new car loan can help you move on from bankruptcy, and our Airdrie finance team is here to help put you on the right track. Click to apply for financing right now, or fill out the form below to contact us with any additional questions you may have.