How Long After Bankruptcy Can You Buy A Car. Needless to say, this is very disappointing and frustrating for the people who have been waiting for their bankruptcy discharge thinking it would help them get a. Consult with a bankruptcy attorney to get more information about buying a.
Buying a car after a chapter 13 because a chapter 13 is a repayment bankruptcy and takes three or five years to complete, it's possible to finance a car while the bankruptcy is open. The ideal situation is to wait two to three years after bankruptcy before getting an auto loan. If you need a new car while you are still in chapter 13, you will need permission from the bankruptcy court before you can buy one.
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You might think buying a car after bankruptcy is impossible, especially if you want to finance the purchase. They say you won’t be considered for a car loan until two years have passed after you received your discharge. But the good news is there are lenders willing to work with people with bankruptcy on their credit reports — though your interest rate may be high. How soon after bankruptcy can i get a car loan?
