If you have recently experienced a bankruptcy discharge, you may be asking What happens after bankruptcy if I lost my car? This is a very valid question for some who have recently had the misfortune of having to file bankruptcy.
There are times when no matter what you try to do you have no other option but to include your vehicle loan in the bankruptcy which may leave you without a car.
There may be a couple reasons you may have to include the car in your bankruptcy. One may be that the payments are simply too expensive for you to keep up with each month. Another reason may be that you have fallen too far behind on the loan payments and the only way out is to discharge the vehicle with the balance of the bankruptcy.
Now you find yourself asking, What happens after bankruptcy if I lost my car? And fortunately the answer is to secure a bankruptcy car loan for a different vehicle. Some resources will tell you that this is simply not possible but that is not always the case.
There are some car dealerships and auto brokers who have special finance departments that will work with you and your situation to help you find financing for a new vehicle.
The first place to begin is on the Internet, research local dealerships and car brokers in your area. Make a short list of the name, address and phone number of a few of these places. Call and ask to speak with the special finance department. If the establishment has one, they will put you through to a salesperson that could possibly help you.
Take note as to the character of the person you speak with in the special finance department. Notice if you feel comfortable speaking with them or if you feel that you are an inconvenience to them. This can be used as a great indicator of the type of service you may receive throughout the transaction.
You deserve to be treated with the same respect as someone who has a perfect credit score and if you do not feel this, you have a choice to move on to the next resource on your list.
Once you have found someone you feel understands and will treat you with respect, ask what paperwork you would need to bring in to have them pre-qualify you for an auto loan. Bring these items into the office and allow the salesperson to begin looking for a vehicle that will suit your needs.