Since bankrupt borrowers pose a high risk, many lenders won’t work with them. While some lenders specialize in bankrupt borrowers, the interest rates will be high, and the terms will be inflexible. Additionally, you’ll need to wait for the bankruptcy proceedings to end before you can apply for a car loan.
Once you’re ready, follow these steps to get approved for a car loan:
Once you rebuild your credit a bit and find a lender with good terms, you’ll be able to get a car loan! That being said, you may be better off waiting for your credit to significantly improve. High-risk lenders tend to offer unreasonable terms and may insist on unrealistic interest rates.