Car loans after bankruptcy?

15% interest is going to be hard to beat.

The reason why you can't get anything old with high miles is because of your track record. The bank is not going to stick it's neck out on something that may need repairs soon after getting the loan. The way they see it, if you are faced with a $500 repair bill one month you will pay it instead of the car payment. Something with lower miles will have less chance of problems.

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Shop around. I bought a new car a month after my BK was dismissed. I got a 10% int rate and my payments on a Nissan truck were $250 per month. Look for what they call "fleet cars" These are cars that have been leased to companies for their employees. The absolute best place to buy these is Enterprise/ They keep their leasse cars in top shape. Another way is to buy a "demo" from the dealer. These are cars thar are driven for test drives, etc. They have a few miles on them, (usually around 2, 3000) But they still have the factory warranty. They cannot be sold as new cars because of the milage put on them, but you can get the financing for a new car. A little quirk in the deal can save you thousands. Do not buy a brand new car as you will lose about $3/$4000 as soon as you drive it off hte lot. If you can go through a credit union, not a bank, you would get a better rate.Good Luck

You can't take the 2001 because of the age of the car. Lenders raise the rate and shorten the term on older vehicles. Some major lenders will not even finance a 2000 model, unless perhaps you have pristine credit.

Since you just had your bankruptcy discharged, then those rates are pretty good. The figures you mentioned are pretty accurate assuming a down payment of $3,000 on a $11,000 vehicle. Good luck and you can email me if you have questions.

Sure they will xtend you credit. The interest rate will be sky high. The reason they will give you a loan is because they know you can file only every 7 yrs ! And I cannot believe the bankruptcy court is releasing prvate info ! You are being scammed. Be careful.

interest rate is average for bankruptcy--they will charge you more because of it--they consider you high credit risk--these may be your only options to go with at this time--they are considering resale value and usage should something happen and they would have to take the car back--some places would charge even more interest rate so, if you can't check around anymore then you will have to decide which dealership to go with

for someone with a fresh bancrupcy, that rate isn't all that bad.