Affordable Bankruptcy Auto Loans in St. Louis

November 22, 2016  

Affordable Bankruptcy Auto Loans in St. LouisUnfortunately, filing for bankruptcy has more far-reaching effects than many people realize. While it immediately helps your financial situation during a difficult time, lingering results follow for years to come. One of these is applying for either home or vehicle financing. Because of your negative credit rating, lenders often are quite wary about extending you credit. However, some dealerships are willing to discuss this matter with you and provide the necessary financing to buy a pre-owned vehicle that meets your transportation requirements. To be sure that you are prepared, consider these steps before applying for  bankruptcy auto loans in St. Louis.

  1. Have a copy of your credit report in hand prior to shopping at the dealership. FreeCreditReport.com will supply you one free copy each year.
  2.  Also, pay the minor fee to get your credit score. Correct any errors that may be present to possibly raise your score.
  3. Evaluate your budget carefully. Include costs for the loan payment, fuel, insurance and routine maintenance.
  4. Even with auto financing with any credit, it is best to pay as much of a down payment as possible. Dealers look upon this favorably and saves you a great deal of money in the long run.
  5. St. Louis has a number of dealers from which to choose. Seek recommendations from co-workers, friends and family for the best dealership options.

For the best bankruptcy auto loans in St. Louis and reliable pre-owned vehicles, call the 5 Star Auto Plaza team at (636)940-7600. We have an ever-changing large inventory and we are prepared to help you throughout the car-buying process.

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
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