Toyota of Fort Walton Beach
Sales: 850-357-8984
Service: 850-357-8982
Parts: 850-357-8983
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Bad Credit Auto Financing After Bankruptcy

Getting An Auto Loan After A Bankruptcy Is Hassle-Free At Toyota Of Fort Walton Beach In Fort Walton Beach, FL

 

Having to file for bankruptcy can be a major headache, and it can do real damage to your credit score. After a bankruptcy, life doesn't stop, and if you need an auto loan but have recently filed for bankruptcy, you might not think it possible. However, Toyota of Fort Walton Beach is here to help Pensacola, Panama City, Wright, and Navarre, FL, drivers who are in need of reliable transportation after a bankruptcy. Come to Toyota of Fort Walton Beach's Finance Department for assistance with getting a bad credit auto loan after bankruptcy.

If you're applying for a bad credit auto loan after filing for bankruptcy, here's a few hints to make applying and getting approved for a sub-prime auto loan a bit easier:

  • Obtain and read through your credit report. It won't be pretty, but your lender will be looking through your credit report, so it is best to know what they're going to find before they find it. Check to see if you have previous auto loans and if those loans involved your bankruptcy.
  • Best case scenario: your bankruptcy wiped out your debt and improved your cash flow enough that you will be able to save money for a down payment on your future vehicle loan. While your vehicle will be collateral, the bigger your down payment, the better your chances for approval because the lender is taking less of a risk with your loan.
  • Pay on time; your bad credit or subprime loan will help you in rebuilding your credit score if you make your monthly payments on time.
  • Prepare to refinance; hopefully, after making your loan payments on time for the first six to 12 months of your loan terms, your credit score will have recovered. You may be able to refinance your auto loan and get a lower rate for the remainder of your loan terms. Your refinancing can be done through Toyota of Fort Walton Beach or another one of our lenders.
  • Buy a car you can afford; focus on the basics, choose something small, reliable, and without a lot of bells and whistles. You might not get your dream car, but you'll have reliable transportation that you can afford, and that won't require a huge down payment.


Sales Hours

850-357-8984
Monday 9:00 am - 7:00 pm
Tuesday 9:00 am - 7:00 pm
Wednesday 9:00 am - 7:00 pm
Thursday 9:00 am - 7:00 pm
Friday 9:00 am - 7:00 pm
Saturday 9:00 am - 6:00 pm
Sunday Closed

Service Hours

850-357-8982
Monday 7:00 am - 6:00 pm
Tuesday 7:00 am - 6:00 pm
Wednesday 7:00 am - 6:00 pm
Thursday 7:00 am - 6:00 pm
Friday 7:00 am - 6:00 pm
Saturday 8:00 am - 3:00 pm
Sunday Closed

Parts Hours

850-357-8983
Monday 7:00 am - 6:00 pm
Tuesday 7:00 am - 6:00 pm
Wednesday 7:00 am - 6:00 pm
Thursday 7:00 am - 6:00 pm
Friday 7:00 am - 6:00 pm
Saturday 8:00 am - 3:00 pm
Sunday Closed

Used Car Department Hours

Monday 9:00 am - 7:00 pm
Tuesday 9:00 am - 7:00 pm
Wednesday 9:00 am - 7:00 pm
Thursday 9:00 am - 7:00 pm
Friday 9:00 am - 7:00 pm
Saturday 9:00 am - 6:00 pm
Sunday Closed

Make Ready Department Hours

850-863-2167
Monday 7:00 am - 7:00 pm
Tuesday 7:00 am - 7:00 pm
Wednesday 7:00 am - 7:00 pm
Thursday 7:00 am - 7:00 pm
Friday 7:00 am - 7:00 pm
Saturday 7:00 am - 7:00 pm
Sunday Closed