Poor Credit Rating? Try Bankruptcy Auto Loans in O’Fallon

August 24, 2016  

Bankruptcy Auto Loans in O'Fallon

Filing bankruptcy can have unwelcome ramifications, although it may be the only option available to you at the time. A bankruptcy on your credit report brings down your credit rating significantly, limiting the possibilities for car or home financing. However, there are lenders who are amenable to offering loans to these types of buyers. A surprising number of used car dealerships extend bankruptcy auto loans in O’Fallon. Here are some valuable tips to follow before visiting a dealer:

  1. Get your own copy of your credit report and score. Obtaining 1 credit report per year is a free service. The credit score requires a small fee. Check over the report for any inaccuracies. Mistakes should be addressed quickly as it takes some time to rectify them.
  2. Draft a budget for car spending. Take into consideration the monthly payment, fuel, insurance and maintenance.
  3. Dealers who offer auto financing after repossession prefer a larger down payment from you as it shows a more favorable ability to pay for the car.
  4. When choosing a dealership, accept advice from others as to reliability, honesty and willingness to work with you. There are likely many dealerships who meet these guidelines.

Affordable bankruptcy auto loans in O’Fallon are available to qualified buyers. Doing your homework in advance ensures that you get the best deal from the most reputable dealer. 5 Star Auto Plaza fits the bill. Call us at (636)940-7600 to find out what we can offer you in terms of a dependable vehicle and financing that will not break your budget.

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • 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
  • St Charles Auto Dealership

    Review Your DealerExcellent, top notch service! We were treated with respect and they listened to our needs 100%- Will be back Read More
  • St Charles Trucks For Sale

    Review Your DealerI am glad I chose 5star Auto Plaza for my vehicle purchase. Read More
  • St. Charles Auto Loans

    Review Your DealerReally good people who are out to help people get in position to help themselves. Read More
  • St Louis Cars For Sale

    Review Your DealerGreat person to help with purchasing a car. Friendly and very professional. Thanks for all the help. Read More
  • St. Louis Bad Credit Auto Financing

    Review Your DealerChris King was very informative about establishing my credit. Very informative on credit building. I was very pleased with customer service in the entire building. They kept me laughing. 5 Star Auto Plaza, you ROCK! Read More
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

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