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Posted in Bankruptcy
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Question By
dimples197707

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How soon after your bankruptcy has been discharged can you try to get a new auto loan?

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Auto Loan after Bankruptcy

Helpful to 2 out of 2 people

Hey Dimples, I was in a similar situation about 2 yrs ago. I was in a pickle about 1 year ago when my car died and the cost to fix was to outrageous. Capital One got me approved for an auto loan on a Sentra. The interest rate was 13%, but I had no option. I paid off the car in less than a year (income taxes & selling stuff on ebay). 

Long story short, I got approved approx 1 yr after my bankruptcy

Reply by
fancyred

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Helpful to 6 out of 6 people

I was approved  1 month after my last payment to the Bankruptcy Court.  My interest was only 5%.

Reply by
Tianna04

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Helpful to 1 out of 1 people

Enter Your Reply@fancyred who did you go through for such a quick approval.  I'm in a situation now where I need a vehicle asap I will be discharged in a few months.

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