Auto Loans after Bankruptcy in St. Louis / St. Louis County

October 16, 2015  

Filing for Chapter 7 or Chapter 13 bankruptcy can be a devastating decision and a frustrating process. Then, your car breaks down. What more can happen, right? In spite of your financial issues, there are options for auto loans after bankruptcy in St. Louis / St. Louis County to secure affordable and dependable transportation. Many dealers are even eager to extend credit to subprime candidates.

Auto Loans after Bankruptcy in St. Louis / St. Louis County

Before beginning your pre-owned vehicle search it is important to know where you will stand with the dealership. Obtain a copy of your credit report and credit score online and examine it for errors. If you locate any, address those right away. Correcting mistakes can raise your score significantly, although it may take a little time.

Gather as much of a down payment as you can, as lenders will view your situation more favorably if you have more funds. A bigger down payment will also guarantee lower monthly loan payments and paying less interest over the term of the financing.

Loan approval is easy and can even be completed online at your convenience. Be sure to have the necessary documentation to fill out the required information, including proofs of residence, insurance and employment.

After at least 6 months of timely loan payments, you always have the option later to refinance or trade-in and up for a newer auto and your credit is steadily improving throughout the period.

Call 5 Star Auto Plaza at (636)940-7600 today to inquire about auto loans after bankruptcy in St. Louis / St. Louis County, Missouri. We are ready to assist you in finding a great used car with reliable financing availability.

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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