While bankruptcy can feel like a fresh start, purchasing and financing a car could pose some challenges. While this will leave a mark on your credit report that can make securing loans a frustrating experience, it doesn’t have to be when you choose Byrider near Appleton, WI, for your next vehicle purchase. We are the best way to buy a car after bankruptcy.
Buying a car after bankruptcy is possible with careful planning, realistic expectations, and a proactive approach. Remember that bankruptcy is not the end of your financial journey. Instead, it can be a new beginning, allowing you to rebuild your credit and improve your financial status. At Byrider, we specialize in helping customers with bankruptcy on their credit report, bad credit, or no credit get back behind the wheel of a car, truck, or SUV they want and need. At the same time, a traditional dealership might see your bankruptcy history as a red flag. Many pre-owned car dealerships rely heavily on credit checks and might deny your application. Even if approved, you could face outrageous interest rates that make the loan payments too high to fit your budget. That’s why you should visit Byrider as the best way to buy a car after bankruptcy!
Some of the reasons that make our dealership near Appleton, WI, the best way to purchase a car, truck, or SUV after you’ve gone through bankruptcy is that we can custom a payment plan with a schedule that matches up with the times of the month when you get paid and when you have funds available. We also approve automobile loans through our in-house financing program. Being a buy-here-pay-here dealership gives up the authority and flexibility to decide on loans and payment schedules. The expert finance team will also ensure you fully understand the loan terms, including the loan duration, repayment schedule, and associated fees. We don’t look at your credit score at Byrider to determine your loan approval. We look at your entire financial history, like your income, employment history, and debt-to-income ratio, to consider your ability to repay a loan. We understand that sometimes bad things happen financially to the best of people. Consistently making on-time payments will help to rebuild your credit over time. A positive financial history gets reported to credit bureaus, paving the way for improved future opportunities.
While Byrider can be a valuable resource for buying a car after bankruptcy, it’s important to be prepared before you visit us in Appleton, WI. Get a copy of your credit report to understand your current credit standing. While we focus on other factors, knowing what’s on your report is still helpful. Calculate how much you can realistically afford for a monthly car payment, including insurance and fuel costs. This will help when it comes time to shop our extensive inventory of used cars, knowing what you can afford. Gather your current pay stubs as proof of income, proof of residency like a utility bill, and a valid driver’s license. Then, start browsing our online inventory to get an idea of the available vehicles and their features. If you are uncertain about affordability and what type of vehicle you need to meet your needs, our helpful team is ready to listen and match you to the perfect fuel-efficient commuter, heavy-duty truck to help with work, or an SUV that fits the family, pets, and anything you need to take along. If you have a bankruptcy on your credit report, the best way to buy a car today is at Byrider near Appleton, WI. We hope to see you soon!