2 months after discharge & got financed for 5.25% through toyota financial!!

[hmsmith]

There is HOPE after bankruptcy!! I filed a Ch 7 that was discharged in June and I wanted to buy my lease which ends next month. I went to several lenders and was turned away immediately after hearing I filed BK, most said they wouldn't lend until 2 years after discharge.

My lease was through Toyota financial which I reaffirmed during my BK because I only had 3 months left to pay on it. So when EVERYONE else turned me away (with a smile), Toyota financial was there. Not only will they finance me, but my rate is 5.25% with ZERO due at signing. I'm SO happy with this deal!! And I think I remember reading other posts that said toyota was not BK friendly....I think someone said they won't even touch you.....so I almost didn't even ask them........but thankfully since I was a loyal customer they want my business!!! YAY!

[LadyInTheRed]

That's great news. Congrats!

[djransom]

That's excellent news. I have my 341 next month and need to purchase a vehicle immediately afterwards.

[hrguy]

Hm, I remember reading your post here when I was just discharged a few months ago. It inspired me to try TFS for myself being a previous Honda Financial customer, and could probably do what you did with TFS with them since I was on my 5th Accord. I decided to try out Toyota for a change, and well TFS gave me 0.9 % for 60 months or 0.0008 Money Factor on a lease just three months post Chapter 7 discharge. Thanks for the inspiration and for sharing your story.

[Phillymanhere]

Great story ... and I'll add mine:

Two years and 4 months after discharge, Toyota approved me for a 0 percent rate 60 months.
So there is hope!

[hrguy]