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Where can I get a car loan with a bankruptcy?
I had to file for bankruptcy recently, but I need a new car. I can’t afford one without a loan. Where can I get a car loan with a bankruptcy?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear you had to file for bankruptcy recently and need a new car. Depending on the type of bankruptcy you filed, you may need to wait a specific amount of time, but after getting approval from the courts, you have several options for loans, including:
You’ll want to shop around with various lenders to determine the rates and loan amounts available to you. If you can trade in an old car, make a large downpayment, or find a cosigner, it’ll likely make it easier to get approved as well.
However, even if you get a loan you’re unsatisfied with, you can refinance it later. Refinance often allows you to get a lower interest rate or monthly payment.
An easy way to explore your refinancing options is with the
Jerry
app. Jerry makes overpaying and helps you switch over to a new lender. On average, people who refinance save $85 a month.I hope you can get the car you need and get back on your feet soon!
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- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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