Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

Car Loans After Bankruptcy - How To Negotiate The Best Deal

Written by: Carrie Reeder

A car loan after a bankruptcy is one of the easiest types of secure loans to get. Negotiate the best deal by taking control of your financial situation. With so many lending options available, you can choose your lender. Start by tidying up your credit report. Then, look for car financing before you start shopping. Not only will you get a good rate, but you can negotiate an even better price for your new car.

Be Proactive In Securing Financing

Don't fall for dealership financing targeted for those with poor credit. Often times you will get stuck with a high rate loan and a high costing car. Instead, be proactive about securing your financing before you shop for a car.

This way, you have the most options on where you want to purchase a car. And you can get a better price because you have "cash." They will never know you have a bankruptcy in your past.

Straighten Up Your Credit Report

Make sure your bankruptcy has been completely settled before getting a car loan. You can get a free copy of your report online to check that all qualifying accounts have been closed. Also verify that your payment history is correct.

While you are looking at your credit report, you may also want to look at your FICO score. With a recent bankruptcy, you can expect your score to be in the low 500's. After two years though, you can have a score over 650, qualifying for market rates.

Increase Qualification Factors

Even with a bankruptcy, you can lower rates with several factors. A down payment of 20% or more is a good start, so is having little debt and cash reserves in the bank.

You can further reduce your rates by being selective with your terms. Adjustable rates are usually lower than fixed rates loan. A three year loan will also have lower rates than a five year loan.

Search For The Right Lender

Searching for the right lender will also help you save on loan costs. Compare rates and fees based on loan quotes. Car loan broker sites can help you analyze multiple offers side by side.

About the author:

View our recommended C ar Loan After Bankruptcy lenders or view all of our Recommended Auto Finance Lenders Online.

Other Related Articles:

Useful Information About Homeowner Loans UK
Homeowner loans UK are a very versatile type of personal loan that are offered to the owners of homes or real estate. These loans use the value of the home or real estate to secure the loan for the homeowner, allowing for both a larger loan amount...read more

Online payday loans - associate technology to get an instant loan approval
Rightly said by Corita Kent that, "Life is a succession of moments. To live each one is to succeed" Life is full of uncertainties. One never knows when a financial emergency can arise. You will deal it with comfort if urgent cash need...read more

UK Secured Loans Need To Be A Part Of Your Financial Portfolio
All decisions in life need to be made thoughtfully. This is no different from your personal financial decisions. They need to be considered wisely. Through the course of your life you’ll need to assemble a financial portfolio that provides you...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map