Auto Loans after Bankruptcy in St. Peters / St. Charles County

November 19, 2015  

When you need a car, you need a car, whether you have excellent credit or have had some unfortunate marks against your credit history. More and more dealerships are willing to offer financing for individuals with poor credit scores and even have a selection of auto loans after bankruptcy in St. Peters / St. Charles County.

Auto Loans after Bankruptcy in St. Peters / St. Charles County

Before attempting to secure financing for a pre-0wned vehicle, you need to know where you stand with regard to your credit. You can get a copy of your credit report from so that you will be prepared in advance of your visit to the dealer.

Other beneficial tips include:

  • Know whether you have a reaffirmed loan or not. Continuing to pay on a debt qualifies as a reaffirmed loan.
  • Gather a substantial down payment. If you have a vehicle for which you own the title, you can trade in the car as part of your down payment. This will reduce the amount of ready cash you must pay for purchase.
  • The longer in the past that your bankruptcy is, the lower your interest rate. This also follows that the more recent it is, the more you will pay in interest.

When signing the loan contract, read it very closely to be certain that there are no hidden charges.  Paying your monthly loan debt on schedule will increase your credit score over time. After about 6-12 months, you may be able to refinance.

5 Star Auto Plaza is ready to help you find a great used car and provide affordable auto loans after bankruptcy in St. Peters / St. Charles County. Call us today at (636)940-7600.

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

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    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
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    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
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    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
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    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
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    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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