subject: Bankruptcy Float [print this page] You just now declared bankruptcy and for your not so good luck you become needed for a new car? Yeah well now its look like a real problem to get a car loan from the bank isn't it? If I was in your place I would not try to enter the car lot office and ask them for a car loan or an Auto Financing arrangement (especially because you need about 100% financing), it is obvious that as soon as you will finish telling the auto dealer that you just gone bankruptcy and you want a car loan for a new car you will kill him due top over laughing at you
But I got an offer for you that may help you out, maybe you didn't know this but there is a new way for businesses that gone bankruptcy to recover and start a new page, many businesses like yours after they gone bankruptcy simply took a car loan from the bank and made sure they are paying their loan payments on time, that way they easily and quickly increased and improved their credit rating which in turn allowed them to take greater loans and with that finance they recovered from their fall and started building up their business again, a good place to search for car loans (by financial companies which are not related to the bank) is the internet, there you can look for a car loan from many different companies that are competing one another (which increase your chance to get a loan)
You should do this fast because this bankruptcy will remain in your records for at least seven years and no car lot will welcome you with open harms until your credit rating will improve, you can trust this way to get out of a bankruptcy since it's checked and working and we are not the only ones who talk about this
