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. Charles Used Cars

    Review Your DealerThey did me a great deal by working with  me on my trade in. I got into something I actually wanted and didn’t break the bank. Read More
  • St. Charles Used Cars

    Review Your Dealer5 Star Auto Plaza even won my husband over with their sales techniques. There was no high pressure tactics or belittling us. I was also impressed with all the clean cars and their selection. I would go back without hesitation. Read More
  • Chesterfield Used Cars

    Review Your DealerI made an appointment at 5 Star Auto Plaza. They showed me the car and gave me a test drive. They were  very friendly, courteous, and didn’t try to hard sell me. The car sold itself, yet they made the experience easy. Read More
  • St. Louis Used Cars

    Review Your DealerI found the gentlemen  I dealt with at 5 Start Auto Plaza quite respectful and seemed to really have my best interest at heart . My salesman really worked with me on picking out the perfect car for me. I appreciated the personalized approach he offered. Read More
  • O’Fallon Used Cars

    Review Your DealerDidn’t have to go through a big deal on getting a deal. I told them what I thought the car was worth and they worked with me to get me there. Read More
  • 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
  • St. Louis Used Cars

    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
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

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