Due to the bankruptcy, your credit rating has declined so you will need to look for a dealer that offers subprime loans for cars.
The standard finance programs won't work for you.
Not all dealers or auto brokers offer specialty financing for a vehicle so this will require a little research on your part.
There a couple ways to go about this.
First, speak with friends, neighbors or relatives to see if any of them have found the need for car loans after bankruptcy.
This may be the best place to start because you can hear first-hand what type of experience they had.
If this doesn't help then you can try doing an internet search.
Go to your favorite search engine and type in "car loans for people with bankruptcy".
In order to get the local car businesses include the town in your search.
Next, contact a couple of these dealers and speak with the salesperson who works with those that need special financing.
Tell them a little about your situation and ask what you would need to bring when you meet with them.
Set an appointment to meet with the salesperson.
Notice what you notice when you arrive at the dealership or auto broker.
It will be important to feel a warm welcome from those you encounter.
Bankruptcy has most likely been a difficult situation to work through and being treated with respect will make the process of purchasing a new vehicle much easier.
Once you feel comfortable ask if you can see the cars available with a bankruptcy.
It will be best to look for a car, truck or SUV that is one to three years old and has lower miles on it.
Finding a vehicle like this will help ensure that the car will be mechanically sound for the duration of the auto loan.
You may want to ask the salesperson if they have technicians that have inspected the engine.
In addition, ask if they did a safety inspection on the vehicle.
It's always good to know that the vehicle you are buying will leave you feeling confident that your family will be safe while in the vehicle.
And, another good question is to see if the dealership has run a Carfax report to reveal any possible prior damage to the car.
After taking a few cars for a test drive, sit down with the salesperson to write up the loan papers.
Once the deal is complete it is important to make the payments on time each month.
This will help you begin the process of rebuilding your FICO score.
Car loans for people with bankruptcy can give you a fresh new start rebuilding your financial portfolio in a positive way.