On December 1st, 2011 Local Rule 3015-2 went into effect that makes it possible for people in a Chapter 13 Bankruptcy to buy a vehicle without setting up a court date. A letter from the trustee is still required, but no longer is a Motion to Incur Debt 100% necessary. This is a very big step for the State of Washington.

If your plan is already confirmed, then we are often able to obtain Chapter 13 Auto Financing with little or no down payment. These programs work great for newer vehicles that have low miles on them.

If your plan is not confirmed, or you want to get an older vehicle with higher miles, usually a down payment is required. The amount of down payment will vary depending on your situation and the vehicle, but it is doable.

At WA Auto Credit we can help you get auto financing while in a Chapter 13 Bankruptcy. We have been helping people get bankruptcy auto loans for about 10 years now, and we have seen just about every situation imaginable. If you still have questions, give us a call at (888)300-3502, or if you are ready to apply, fill out the form at the top of this page and Apply for Auto Financing.

This experience was rewarding. Ryan showed extremely great tolerance and patience considering we had extenuating financial circumstances. We were impressed with his diligence to have everything complete and ready to test drive, sign, and go when we arrived. He got us approved rather quickly and into a very nice, clean, low mileage auto mobile that will more than fit our needs (and my husband is very tall).

I would tell others to call. They are very willing to work with you via email to get you what you need for your lifestyle. Very patient, tolerant throughout. Explain your situation. He will do everything he can and be very up front with you to help you out. The process was long, but it was worth it in the long run.

–David and Tonia financed a 2004 Chrysler Sebring.

Exeter helps our clients that have a very low credit score, but at some time in the past paid their creditors well. They are a new lender for us, and we are excited to have them.

Charlotte and Patrick with their 2003 VW New Beetle

Ryan and his team took the time to show us multiple options that worked for our auto financing. Although we were not able to get the vehicle we wanted most, Ryan took the extra time to find us a comparable vehicle that we both liked and had all the same features that were important to us as the initial vehicle.

Even if you don’t think you’ll be approved, just go talk to the guys at WA Auto Credit. I’m sure they will try their hardest to get you into a vehicle.

Sharon with her 2008 Mustang GT

My experience was Fantastic! Ron was very easy going, and I never felt pressured. Great experience.

Zach with his wife and their Dodge Caravan

Excellent Customer Service. Very helpful in answering all the questions we had. They were very honest and straight forward. Overall, we would come back if we needed another car and would recommend our family and friends to come here to purchase a car. They really put time and effort in helping us get a car we can fit our family into. They’re great.

Danielle with her Hyundai Santa Fe

The staff gave a lot of attention to my specific interest in the different vehicles and they helped me meet the needs of my family.

A Chapter 7 Bankruptcy is a painful event that many people go through. Not only do you have to go to court and declare that you no longer have the means to continue to pay your creditors, but your credit rating is shot and now you have to try to figure out how to build your credit rating back up. Even with all the negatives of filing bankruptcy, there are several positives. For many, the opportunity to start over and start rebuilding credit is the best thing about bankruptcy.

There is no better way to improve your credit after bankruptcy than to take out a significant installment loan, like an auto loan, and make payments on time that are reported to your credit bureau.

Often times in a Chapter 7 Bankruptcy, people lose their cars, their homes, and even the furniture in their homes. It can be embarrassing. Our goal at WA Auto Credit is to make the process of helping you finance a car after a Chapter 7 Bankruptcy as simple and painless as possible…we know you have already been through enough.  Read More…

When you have good credit, you can walk into just about any bank or credit union, fill out an application for an auto loan, and be told exactly how large of a loan you will be allowed.

When you do not have good credit, you can’t. Why is that?

Higher risk (i.e. Bad Credit) loans have a completely different underwriting process than prime auto loans. These are the factors that are considered when a lender decides whether or not to give you a bad credit auto loan:

1. Monthly Budget

The lender considers your provable income, factors in your current debt, and looks at the size of previous car payments that you have paid successfully. Next the underwriter, or the underwriter’s computer program, will come up with an acceptable monthly payment for you.

2. Vehicle

Higher risk lenders put certain requirements on the vehicles they are willing to lend money on. For example: A lender may say that the vehicle must be under 60,000 miles and a 2006 or newer.  Additionally, the exact Mileage, Year, Make, and Model will affect the term and the interest rate of the loan. All of those things affect how large the loan can be.

3. Down Payment

Lenders look at down payment as the customer’s commitment to the loan. If a car buyer puts $10,000 down on a $40,000 car, the loan is much more attractive to the lender than a person who puts $0 down on a $20,000 car. The payment may be bigger, but the risk is less.

Hopefully, the information provided above helps you understand the bad credit auto loan approval process.  If you have any other questions, you can always call us or check out our Frequently Asked Questions page.

Anthony and his 2002 Ford Explorer

Forrest was attentive, he explained the loan process in detail. Forrest was courteous and open for questions and concerns I may have had. Overall, this was an easy and pleasurable experience for me!

Great service. Nice people. Made me feel very welcome.

SmartWay advisors has a very unique program for people with bad credit including recent bankruptcies. Checkout our recent SmartWay Advisors post HERE for more info.

At WA Auto Credit, we are always looking to add new lenders that will help our customers get better auto loans so they can have more vehicle options or lower payments. With SmartWay Advisors, we have found a way to do both. Read More…

Duane and Laura with their Toyota Tacoma

It was a smooth experience. Go to Forrest. He’s your man! He worked hard and fast to get what we wanted.

This is Duane and Laura’s 2nd Purchase from WA Auto Credit

Approval Specialist: Forrest Hoffman

Phone: 888-300-3502

Forrest did his job very well. I was sold on the second vehicle I looked at.

Jacob purchased a 2005 Explorer.

Approval Specialist: Forrest Hoffman

Phone: 888-300-3502

Positive experience. Ron worked very hard for us and did all her could to help us get into the vehicle that was right for us!

Ken and Denise purchased a 2007 Ford Freestyle.

Approval Specialist: Ron Moore
Phone: 888-300-3502

WA Auto Credit is the place to buy a car with bad credit.

Teddy and Claudien with their Kia Sorrento

It was a great experience. Found a car quickly. I liked the fast approval and how Forrest helped us get the lowest prices, even for our car insurance. I will definitely come back for our next car purchase. Thank you Forrest you’re an All Star.

Approval Specialist: Forrest Hoffman

Phone: 888-300-3502

Forrest was very helpful. He had a lot of knowledge about the vehicle I decided to purchase. He was also very friendly.

Approval Specialist: Forrest Hoffman

Phone: 888-300-3502