Apply for Bankruptcy Auto Loans in St. Charles

January 18, 2017  

bankruptcy auto loans in St. CharlesIt can often be a difficult decision to file bankruptcy. While it does solve some immediate problems for your financial situation, it can have other unfortunate effects that last for years. Applying for a large purchase like for a home or vehicle can be challenging. Due to your poor credit and having a bankruptcy on your record are red flags for lenders. However, there are car dealers who will take a chance on you and provide financing for a used vehicle that will meet your transportation needs. Be prepared by following these steps prior to applying for  bankruptcy auto loans in St. Charles.

  1. Obtain your credit report from the 3 major credit bureaus before visiting the dealer. You are entitled to one free copy annually from
  2.  It is worth the small fee to additionally get your credit score. Correcting any errors can raise your score several critical points that can save you money on your interest rate.
  3. Examine your budget carefully. Along with the loan payment, consider fuel, maintenance and insurance costs.
  4. Even with auto financing after repossession, it is in your best interest to pay as much money down as you can. Dealers see this as a good sign of your ability to pay the loan can save you money.
  5. There are many auto dealers in St. Charles who will work with you. Recommendations from family and friends can be quite helpful.

For bankruptcy auto loans in St. Charles and dependable used cars, call 5 Star Auto Plaza at (636)940-7600. Our inventory changes constantly. We are ready to serve you.

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.

    Read More
    Consumer Satisfaction Reward