Bankruptcy Auto Loans in St. Louis are Available Now

September 16, 2015  

You may be wondering if you are able to qualify and secure financing when buying a pre-owned vehicle. The answer is definitely “yes.” There are numerous options for bankruptcy auto loans in St. Louis no matter what your financial circumstances. There is even a no down payment auto loan after divorce if required.

Bankruptcy Auto Loans in St. Louis are Available Now

In fact, it may be the case that you have some available income since your debts have been relieved that can be applied to a down payment. Lenders are eager to extend new credit to individuals who have filed bankruptcy. It is an excellent way to re-establish a positive credit history. Your opportunity to make a series of monthly payments on time will increase your credit score and permit you to upgrade or make a different large purchase later in time. Financing, in this case, is better than paying cash so that your credit has the ability to increase.

Depending on the type of bankruptcy you filed, there are different timetables for the best moment to buy a used car. If you filed Chapter 7 bankruptcy, you must simply have your “Notice of Discharge” from the court when you visit the dealership. On the other hand, if you filed Chapter 13 bankruptcy, it may take longer. Since this process may last several years, it can be difficult to wait to buy an auto to meet your transportation needs. By seeking permission from the bankruptcy court, you may be able to purchase a used car in the interim.

Call 5 Star Auto Plaza at (636)940-7600 to discuss bankruptcy auto loans in St. Louis. We are ready to help you today.

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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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