Just sharing my experience to hopefully benefit and/or give hope to others.
I had no intention of getting a car loan, but after hubby's paid-off car just decided to roll over and die, and the garage quoted $5000 to fix it (yeah right), we were in the used-car market suddenly. I don't work (in a career training program). DH was pre-approved through Santander at 18% interest. (He hasn't filed yet, but plans to.) Ugh. I was discharged Apr. 2. The finance guy at the car dealership thought he might get a better deal than the Santander one if he added me, even though I don't work and had a recent BK. So he added me to the app, and we were approved through Wells Fargo at 10%. Hopefully we'll be in a position to refinance in a year. My credit score through Experian was 691. (It was 780 the month before I filed.) I HATE taking on more debt after what we've been through, but I have to admit I am happy to be rebuilding my credit now, and through a prime bank, not Santander. I think that might be a light at the end of the tunnel I see...
Wells Fargo
10%
60 months
Financed 10K on a certified used car
I had no intention of getting a car loan, but after hubby's paid-off car just decided to roll over and die, and the garage quoted $5000 to fix it (yeah right), we were in the used-car market suddenly. I don't work (in a career training program). DH was pre-approved through Santander at 18% interest. (He hasn't filed yet, but plans to.) Ugh. I was discharged Apr. 2. The finance guy at the car dealership thought he might get a better deal than the Santander one if he added me, even though I don't work and had a recent BK. So he added me to the app, and we were approved through Wells Fargo at 10%. Hopefully we'll be in a position to refinance in a year. My credit score through Experian was 691. (It was 780 the month before I filed.) I HATE taking on more debt after what we've been through, but I have to admit I am happy to be rebuilding my credit now, and through a prime bank, not Santander. I think that might be a light at the end of the tunnel I see...
Wells Fargo
10%
60 months
Financed 10K on a certified used car