BK Friendly Auto Lenders?

[buffetbuster]

I'm looking at purchasing a vehicle, after my trade in probably for about 5k - 7k that I would need to get a loan for. I was wondering what lenders you guys have worked with that have been BK friendly.

[malf1204]

Capital One but the minimum loan is 7500 and the vehicle has to be 2004 or newer with less than 70,000miles and they will only loan 120% of Kelly Blue Book Trade-in Value

[MSbklawyer]

There are a lot of companies out there that specialize in post-bankruptcy auto loans. But expect an interest rate that is higher than you would pay but for the bk. If you can make a substantial down payment though (say, 25 - 30 percent), you can get an auto loan with a conventional lender.

[malf1204]

Cap 1 was 9-12% for 60 months depending on the year and model I wanted. I was discharged 7/6/2011 and just approved for 9K

[buffetbuster]

Do I have to go to find these companies on my own or do dealerships offer financing through these?

[IBroke]

Do I have to go to find these companies on my own or do dealerships offer financing through these?

I'd say you cando both. When you're ready to purchase. Apply at lendingtree and your local credit union, write down the details of the best offer and let the dealer try to beat that.

[malf1204]

There are typically benefits to the dealer if you use "His" financing so he has an incentive to steer you into a higher rate because he sees a higher profit. As the above post says do your homework first so you can see if the dealer can beat it. You can apply to Cap One online.