We were just discharged from Chapter 7 last week and are planning to try financing a vehicle this weekend (we need a 3-row SUV for our family).
Both of our current vehicles are older but paid off so we were able to keep them through the bankruptcy, but they’re not super reliable and we’ve outgrown them. We also have a teen driver who will likely be taking one soon. 145k income, stable jobs, 5-10k down payment.
For those who have financed a vehicle after Chapter 7 discharge, I’d love to hear your experience.
If you’re willing to share:• Credit score at the time• Where you financed (dealer, bank, credit union)• Amount financed• Interest rate
Also curious about this:
Did you get approved immediately after discharge, or did you have to wait?
Trying to get a realistic idea of what approvals look like after discharge and hoping to avoid buy-here-pay-here lots or “fresh start” lenders if possible.
Even if your experience wasn’t great, I’d still appreciate hearing it so we know what to expect. Thank you!
submitted by /u/Conscious_Jelly_25
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