The answer is yes! You CAN buy a car after you have filed bankruptcy! Filing Chapter 7 or Chapter 13 doesn’t mean you have to live without a car.
However, you need to be set up with the proper Bankruptcy Auto Financing
program and a trusted dealer that specializes in working with bankruptcy clients.
Since your car or vehicle is considered an asset, it’s something creditors may want to claim when collecting debt. Your car may, however, be counted under an exemption that protects it from repossession. It all depends on the type of bankruptcy you’re filing, whether you own or lease, and the value of the vehicle.
Over 87% of Ash Auto Group bankruptcy clients state during their consultation that they intend to keep their current vehicle.
However, after explaining how bankruptcy auto financing works and how our program will help put them on a path for long-term financial success,
97% choose to purchase a car during bankruptcy that will put them in a better financial position.
Some lenders may be hesitant to give you an auto loan, but DON’T WORRY, there are financial institutions that specialize inworking with people who have subprime credit or who have filed for bankruptcy.
In fact, some dealerships work with the top bankruptcy lenders in the country that get the best possible rates for people who have filed for bankruptcy.
Certain dealerships are true to their word when they say ALWAYS ZERO DOWN. Like Ash Auto Group, these dealers care about their clients and made a decision that serving bankruptcy clients expectations was worth more than trying to milk the last $1000 out of someone experiencing bankruptcy.
Dealerships that specialize in Bankruptcy Auto Financing give the flexibility and decision making that other dealers/brokers will never have.
For instance, they are able to buy specific inventory for clients, can discount vehicle pricing to make deals work without going through some corporate process, and can sell GAP coverage at cost or many times just throw it in for free.
Call or text today to see why you need to speak with one of our financial consultants who will provide a FREE consultation and give you the best advice for your specific situation. Trust us, we will never sell you on something that does not give you a 100% guaranteed direction towards a better financial solution for YOU!
Ash Auto Group’s innovative and exclusive, industry-changing business model allows you to file your bankruptcy in person or online and then drive directly over to our dealership to pick up your new vehicle the same day.
