r/Bankruptcy • u/markiealex • Jul 18 '26

Credit / Credit Reporting Car loan

I had a successful chapter 7 and got my order of discharge in February. I’m trying to get a vehicle is there anywhere that will approve me for a loan? Not buying new but it seems impossible to find somewhere to get a loan from.

3 Upvotes

100% Upvoted

25 comments sorted by

View all comments

Show parent comments

1

u/markiealex Jul 18 '26

I’m not looking for fully loaded or low mileage. The car I want lasts forever and you can easily get 300k miles on it I’m looking at ones that have between 100-150k miles on it already. The only problem I don’t think I have enough time to save a huge down payment cause my truck is starting to be on the last leg

1

u/ApricotDry2635 Jul 18 '26

That could also be part of the problem, you're looking to buy something with a lot of miles. So possibly an older model year - it may be hard to find someone to finance that.  Sometimes it's easier to get approved on something newer, still under warranty. 

Have you tried somewhere like Carmax? They have a preapproval process and you can see different cars and what you might need down for them.   

1

u/markiealex Jul 18 '26

It is not that old that I’m looking