Your first option is to go to a car dealer and see what they can do for you. Most car dealerships have a program for bad credit and that includes loans after bankruptcy. They may require a little more down, but you will be able to get the car you need and the loan you need.
The second option is to go to your bank and see what they can do for you. If you have banked with the same bank for a few years they might be willing to give you a loan against the automobile that you are after. If they are not, they can refer you to a lender that will be able to help you.
The last option is to use a buy here pay here auto dealership to get a vehicle. There are some things you have to know about shopping for a car at a buy here pay here lot, though. You need to make sure they offer a warranty of some sort, and you need to have a mechanic look over the car before you buy it.
These options all work for getting bankruptcy auto loans and you will be able to get into a vehicle you need. Make sure you pay your payments on time and don't miss a single one or you could end up right back in debt again.
Best Auto Loan Rates
Are you thinking about buying a new or used automobile? Do you want to make sure you get the best auto loan rates you possibly can for your purchase? There are some tricks to getting a good rate on your auto loan. You need to arm yourself with these tips so that you can get the best possible deal and rate on your car or truck.
First, you need to understand that if you are purchasing a used vehicle, you can check with your bank to see if they will give you a better rate than the financial institution that the dealership uses. Plus if they give you a better rate you can take it back to the dealership and see if they will make a counter offer. This is a great way to get a lower rate.
Second, shop dealerships and find a couple of vehicles you like that are in the same class. This would be if you are looking for a coupe go to a Chevrolet, Ford, Toyota, and a few other dealerships and find a couple at each that is in the same price range and work out a deal. Then, you can use the best deal as leverage with the vehicle that you really want.
Third, you should try to avoid any auto loan that is over 7% on used and over 3% on new right now. There are plenty of places that will finance you at 0% or very close to 0% on a new vehicle and at 5% to 7% on a used vehicle. There is no need to pay more and you should refuse to pay more than this or you are not getting the best auto loan rates.
----------------------------------------------------
Finding the right auto financing will help you in many ways. Even with bad credit you can get the financing you need for a new or used vehicle. Find out more about auto financing and loans by visiting this website: http://www.free-offer-sites.info/AutoLoans/Articles/Used-Car-Purchase.html
EasyPublish this article: http://submityourarticle.com/articles/easypublish.php?art_id=265626