Finding bankruptcy financing for a new car can be hard, but you can find a plan that works for you, no matter what your credit history is. At PA Auto Credit, we work with drivers across the credit score spectrum, including those recovering from bankruptcy. With these supportive plans at your back, you can always find a way to get on the road again.

Getting Financed During a Bankruptcy

After a Chapter 7 bankruptcy is completed, you can apply for financing with no additional steps, although you may have trouble finding financing while the bankruptcy is still on your credit report. However, while you are still making payments for a Chapter 13 bankruptcy, you’ll need court approval to take on any additional debt. That includes car financing, so be prepared to file a motion with the court and explain why you need a new loan.

Ways to Get Approved

Even if there are no legal obstacles in the way of your next car loan, bankruptcy will have a major negative impact on your credit and will stay on your report for seven to ten years. If you are able to get financing at a traditional dealership, you may have to make a large down payment, especially if you don’t have a trade-in to offset the costs.

Co-signing can also be a path to an affordable car loan, but remember that any missed payments affect both signers, so talk to your potential co-signer and put an emergency plan in place in case you can’t keep up with your payments.

Buy Here, Pay Here

At PA Auto Credit, we work with drivers with bankruptcies, repossessions, and other serious setbacks on their record. As long as you you’ve been employed for the last six months, have a net income of more than $300 per week, and have at least one positive credit experience on your record in the last two years, we can find a plan that works for you with a minimum down payment of $299.

Once you’ve had your loan for one year and are in good standing, you can apply for our loan upgrade program for a plan that fits you even better.

Apply for Financing in Fairless Hills, PA

If you’re trying to finance your next car after bankruptcy, we’re here to help. Contact our credit center in Fairless Hills, PA and talk to our expert team to find a plan that works for your budget and explore our wide network of associated new car dealerships. Learn more about our Fresh Start Financing program and get a new set of wheels in no time!