Auto Loans after Bankruptcy in Knoxville, TN
Getting Auto Loans after Bankruptcy in Knoxville, TN may seem like an impossible feat to accomplish. However, Farris Motor Company of Jefferson City is thrilled to announce that it’s most definitely possible. They will help you to obtain a car loan after you have filed for bankruptcy. They have helped numerous customers throughout the Knoxville and surrounding areas to get back on their feet and rebuild credit with auto loans after bankruptcy – and they will help you, too.
Auto Loans Info
There are two main types of bankruptcy for which individuals may file: Chapter 13 and Chapter 7. With the former, a trustee is appointed by the court. A payment schedule is put in place, which must be adhered to for the length of the bankruptcy. This can usually take three to five years to complete. The latter, the Chapter 7, liquidates one’s assets and turns the money over to the secured debtors.
Procedures before Auto Loans after Bankruptcy in Knoxville, TN
Along with Chapter 7 comes a procedure that is referred to as 341 meeting. During this meeting, the trustee that has been appointed by the court affirms the value of your assets and confirms the information that is covered within the schedule of debts. Getting this 341 meeting is essential for receiving Auto Loans after Bankruptcy in Knoxville, TN. Financial lenders will not even consider loaning with you if this meeting has not taken place and, in some cases, the rate of interest is higher. Farris Motor Company works with you, though, to ensure you get the approval you need for the auto loan that will place you at the wheel of the car you want. They understand that things can get rough, and their pre-approval form virtually guarantees you approval for an auto loan.
With a Chapter 13 bankruptcy, the trustee yields all the power, so apply for a loan must be done through the permission of that trustee. This can take as long as a month to get a letter permitting you to purchase a car. This can make receiving Auto Loans after Bankruptcy in Knoxville, TN difficult, but Farris Motor Company makes it easy.
Farris Motor Company in Tennessee has a knowledgeable and dedicated financing staff with many years of experiencing in helping drivers rebuild their credit and get Auto Loans after Bankruptcy in Knoxville, TN. Take a minute to fill out their online pre-approval form, and you will be well on your way to financing the vehicle you want. Browse their massive inventory of Chrysler, Dodge, Jeep, and Ram vehicles online, and set up a test drive with a sales associate. Farris Motor Company helps drivers get the keys to their dream car, regardless of past credit issues, including bankruptcy.
If you need an auto loan to purchase a new or used car, truck, or SUV, head on over to the Farris Motor Company dealership located in Jefferson City. They offer their unbeatable customer service and financing options to all drivers in the area, plus the surrounding cities of Dandridge, White Pine, and Blaine. They look forward to serving your automotive financing needs, and will be happy to help you with your next new or pre-owned purchase. Stop in at 246 E. Broadway Blvd., Jefferson City, TN 37760 to get approved today.
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