Getting A Car Loan after Bankruptcy

Many people wonder if they can get vehicle financing after filing for bankruptcy. But you don't have to worry because Belanger is always willing to support your irrespective of whether you are bankrupt or not. It is a widespread belief that once a person files for bankruptcy, they are in a deep financial crisis and cannot repair his credit or apply for auto financing. You may indeed face challenges getting your loan approved by some banks, but financial institutions won't mind about your bankruptcy status.

According to statistics from the Canadian government, one in six people will file for bankruptcy at least once in their lifetime. Knowing this tells you that filing for bankruptcy is not a new thing or a financial death sentence. You can still get a car loan after bankruptcy and do many other things.

Question 2: How long to wait?

The amount of time it will take for you to get a car loan depends on the financial institution where you bank. But the good news is that Belanger dealerships work in collaboration with financial institutions to provide financing to their clients.

The Belanger Chrysler can help you fasten the process so that you can walk away with your car without waiting for long. All you have to do is to ensure that you provide the necessary financial documents for the loan to be approved.

Finding Potential Lenders

Although the bankruptcy records in your credit for six years, you don't have to wait for that long before you can apply for a car loan. In any case, applying for a car loan and starting your monthly payments can help rebuild your credit history.

Although not all lenders will be willing to lend you money, Belanger Chrysler dealership will try everything possible to ensure that you get a lender that will offer reasonable rates. We have worked with many lenders, and this won't be a hard thing for us.

Getting Credit Report & Credit Score

When you visit Belanger Chrysler's finance center, we will require you to provide us with your credit report. The credit report will help us to find you the best financial institution based on your credit score.

Refinancing your Car Loan

Bear in mind that you will have the opportunity to refinance your car loan later. Refinancing will also be an opportunity to repair your credit score.

Contact us today to check out our new inventory and start your purchase process.

It's Easy To Apply With Bel Auto Credit

Green Checkmark  Rebuild Your Credit            
Green Checkmark  Divorced            
Green Checkmark  Bankruptcy            
Green Checkmark  Good Credit, Bad Credit            
Green Checkmark  Slow Credit            
Green Checkmark  Long Term Disability            
Green Checkmark  New To Canada

Question1: What does file for bankruptcy mean?

Filing for bankruptcy means clearing all your debts while the bankruptcy record remains in your credit history for at least six years. But despite this, you still have a chance to get a car loan.

2021 Ram 1500 in Rockland, Ontario

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Belanger Chrysler Dodge Jeep Ram

8501 County Road East 17
Directions Rockland, ON K4K 1K7

  • Sales: (613) 446-2222
  • Service: (613) 446-2222
  • Parts: 613-703-6686
  1. Belanger Chrysler Dodge Jeep Ram

    8501 County Road East 17
    Rockland, ON K4K 1K7

    • Sales: (613) 446-2222
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  • Monday 9 AM - 7 PM
  • Tuesday 9 AM - 7 PM
  • Wednesday 9 AM - 7 PM
  • Thursday 9 AM - 7 PM
  • Friday 9 AM - 6 PM
  • Saturday 9 AM - 4 PM
  • Sunday CLOSED - Contact Our Sales Dept. Directly