After going through a bankruptcy you’re probably trying to find ways that you can improve your credit. At we care about our customers and have more bankruptcy auto loan programs than our competition. If you have Chapter 7 Bankruptcy or Changer 13 Bankruptcy we can help you get an auto loan and help you to start rebuilding your credit. We have many bankruptcy auto loan options, many of which require $0 down payment! We can even help you purchase a vehicle before your bankruptcy discharges. Let that credit specialist at help you find the auto loan program that will work best for you.

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Can You really get a $0 down bankruptcy auto loan?

Yes! At we are ready to help you. Your dedicated financing specialist will walk you through it. The $0 auto loan programs are the most popular bankruptcy loans we offer. If you’re going through a bankruptcy, most likely you don’t have thousands of dollars available to use for a down payment on a vehicle. We understand this. Our bankruptcy loan programs are specifically designed to help you purchase a vehicle and start rebuilding your credit, without the struggle of having to come up with cash for a down payment.

What kind of requirements are there to be approved for a bankruptcy auto loan?

A lot of our $0 down vehicle loan programs like to see that their applicant has had some kind of good credit in the past. Most of the programs like to see that the applicant has had a previous auto loan that was paid as agreed for at least a year. If you had a long standing auto loan, then added it to your bankruptcy, you will probably still qualify!

Another requirement is you’ll need to make enough money to afford your new payment. Most of our bankruptcy auto loan programs require $2,000/$2,500/month gross income and require your debt to income ratios to be in an acceptable range.

What kind vehicle will qualify for $0 down bankruptcy auto loan?

Most bankruptcy auto loan programs will help you get a vehicle that will get you to and from work. They want to you have a payment that will allow you to make your payments on time. Typically, the lender will require that the vehicle be no more than 6 – 7 years old and have less than 65,000 miles. While no bankruptcy loan programs will get you approved for a Maserati, they will help you get approved for a nice, newer vehicle that will be reliable and help you rebuild your credit.

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Why do lenders dictate mileage and year of qualifying vehicles?

Bankruptcy loans can be risky to the lender. They don’t know how reliable you will be in making installments on your loan after your bankruptcy. $0 down loans are even riskier because you have not made an initial investment in the vehicle. The lender is not in a good position if you don’t make your regular payments. If the lender has to repossess the vehicle, they will loose a lot of money.

The best way the lender can lower their risk is to require a newer, low mile vehicle. If they were to require older vehicles, there is a higher chance that these vehicles would break down or be unreliable. Causing you to miss work or spend your money on expensive repairs. Any of those situation could cause you to default on your new auto loan. Our lenders don’t want to see you fail. We want to see you succeed, and we want to help you rebuild your credit with an auto loan. When our lenders require newer vehicles, they are setting you up for success.

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