Car financing after a bankruptcy or a proposal
A bankruptcy or a consumer proposal does not close the door on an auto loan. Some lenders finance during a proposal or shortly after a bankruptcy discharge. At Auto Shelby, we know these lenders and prepare your file to present to them.
During a consumer proposal
You can apply for financing even if your proposal is still in progress. The lender mainly looks at your current income and how regular your payments to the proposal are.
After a bankruptcy
Once you are discharged from your bankruptcy, you can rebuild your credit. An auto loan paid back on time is one of the most concrete ways to do it. Keep your discharge certificate: the lender will ask for it.
Choosing the right vehicle
With 3rd chance credit, the lender often sets a maximum amount. A reliable, affordable vehicle keeps your payments realistic and your chances of approval high. Your advisor shows you the vehicles that fit your envelope.
- 2014 Chrysler Town & Country Cuir · DVD · Camera — $8,450 · 179,511 km · Automatic · FWD · Gasoline · Stock x3517171
- 2016 Audi Q3 AWD · Camera · Toit Ouvrant — $8,950 · 236,609 km · Automatic · AWD · Gasoline · Stock 001064
- 2017 Hyundai Elantra Toit Ouvrant · Camera · Air — $9,950 · 187,094 km · Automatic · FWD · Gasoline · Stock X210073
- 2017 Hyundai Tucson Cuir · Toit Ouvrant · Camera — $10,950 · 186,471 km · Automatic · OTHER · Gasoline · Stock 320123
- 2016 Ford Edge AWD · Camera · Mags — $10,950 · 155,178 km · Automatic · AWD · Gasoline · Stock B24362
- 2020 Buick Encore Camera · Air Climatisee · Mags — $13,450 · 165,770 km · Automatic · FWD · Gasoline · Stock X064991
Meet an advisor in Laval
After a bankruptcy or a proposal, talking to someone in person is reassuring. Our team welcomes you in Laval, on Saint-Martin Boulevard West, 7 days a week. Do you live in Montreal or on the North Shore, for example Terrebonne, Blainville or Saint-Jérôme? Call 450-736-1273 first: an advisor can answer your questions before your visit. We are open 7 days: Monday to Friday 9 AM to 9 PM, Saturday 9 AM to 5 PM and Sunday 10 AM to 5 PM.
Directions to Auto Shelby (Google Maps)
Frequently asked questions
Can I get an auto loan during my consumer proposal?
Yes, some lenders finance during a proposal. Approval depends on your income, your payments and the vehicle you choose.
How long after a bankruptcy can I be financed?
Some lenders accept files shortly after the discharge. Call us to check your situation.
Will the rate be higher?
Generally, yes. 3rd chance lenders take more risk. Your advisor shows you the rate, the term and the total cost before you sign.
Will this loan help me rebuild my credit?
Yes, if it is reported to the credit bureaus and your payments are made on time.
Apply for financing · Talk to an advisor: 450-736-1273
Bad credit financing · Financing application · Payment calculator