4 Tips for Finding Bankruptcy Auto Loans in Wentzville

June 30, 2017  

bankruptcy auto loans in Wentzville

You may wonder if you will be able to acquire financing for a vehicle after you have filed bankruptcy. Of course, while every situation is different, the general answer to this question is yes. There are bankruptcy auto loans in Wentzville available for individuals in these circumstances.

There are 4 steps to follow when seeking auto financing after repossession or bankruptcy that can help you lower costs and rebuild your credit:

  1. It is likely that buying used will be a better option than buying new. Since money is a big concern, it is best to not overextend yourself.
  2. A car that ranges in price from $10k-$15k is a good choice. Consumer Reports is a valuable resource for reliable vehicles in this price range. Many autos that cost less might not last for a decent amount of time and might harbor internal operation issues. Utilize Bankrate’s auto loan calculator to get an idea of your monthly payment.
  3. In order to qualify for a loan, you must have a record of a positive payment history and a credit card that is secured or unsecured. Having at least 6 months of favorable payments will work tremendously in your favor.
  4. With a meticulous search, you can locate a dealer who is willing to offer you a fair contract. Do not be convinced that a single deal is the best you can do. Research will really pay off.

5 Star Auto Plaza not only has a varied selection of dependable cars, but also affordable bankruptcy auto loans in Wentzville. Give us a call at (636)940-7600.


5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • St. Peters Used Cars

    Review Your DealerI  wanted a new car for myself so I started checking out some cars online. I found a Lexus LS430 and decided it was the perfect car for me, I just needed to find the right priced one. I found one at 5 Star Auto Plaza, they worked within my budget and I got the car [...] Read More
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    Review Your DealerThey gave me a great price on my trade in and the overall price was very fair according to blue book. I am more than pleased with how the service was here. Read More
  • St. Charles Used Cars

    Review Your DealerFriendly faces and attitudes made all the difference for me from past experiences. They even detailed my suv upon delivery. Great experience. Read More
  • St Charles Used Cars

    Review Your DealerLast summer I purchased a F150  from these guys.  After looking at several local dealerships, I found 5 Star Auto Plaza had the best prices, they had honest sales people and a great selection.  My truck is a great, it runs perfectly and it we absolutely love it!   Read More
  • St. Louis Used Cars

    Review Your DealerRecently after filing for a bankruptcy, our SUV broke down so we need a new family car.  We were really concerned after being turned down by another local auto dealer and our bank for a car loan due to our lack of credit after the bankruptcy.  We were truly elated to find 5 Star Auto [...] Read More
  • St Charles Auto Dealership

    Review Your DealerExcellent, top notch service! We were treated with respect and they listened to our needs 100%- Will be back Read More
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    Review Your DealerI am glad I chose 5star Auto Plaza for my vehicle purchase. Read More
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    Review Your DealerReally good people who are out to help people get in position to help themselves. Read More
  • St Louis Cars For Sale

    Review Your DealerGreat person to help with purchasing a car. Friendly and very professional. Thanks for all the help. Read More
  • St. Louis Bad Credit Auto Financing

    Review Your DealerChris King was very informative about establishing my credit. Very informative on credit building. I was very pleased with customer service in the entire building. They kept me laughing. 5 Star Auto Plaza, you ROCK! Read More
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

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