Car financing after a bankruptcy or a proposal in Montreal
A bankruptcy or a consumer proposal does not take away your need to get around. Auto Finance 123, in the Saint-Michel area of Montreal, regularly works with customers coming out of a bankruptcy or paying off a proposal. We offer 1st, 2nd and 3rd chance credit financing and help you choose a realistic vehicle for your budget. Financing subject to lender approval.
Bankruptcy or proposal: two different situations
A bankruptcy and a consumer proposal are two separate procedures. In a proposal, you repay part of your debts under an agreement; in a bankruptcy, the procedure ends with a discharge. When you apply matters: a procedure in progress, a recent discharge or a completed proposal do not look the same to a lender. Tell us where you stand, and we will take it into account in your request.
How we prepare your request
- You fill in the free, no-obligation pre-approval request, about 20 seconds.
- A team member calls you back to understand your procedure, your income and your weekly budget.
- We look for vehicles whose price matches realistic financing for a 3rd chance file.
- Once the lender approves the financing, you sign and leave with a vehicle inspected by a SAAQ mandatary.
Choosing a sensible vehicle
After a bankruptcy, the best strategy is often a simple, economical and reliable vehicle. A lower financed amount makes the request easier to present and the payment easier to keep up. Our inventory has several low-priced sedans and hatchbacks, as well as compact SUVs. The weekly payment shown on each listing is an estimate at 9.99% over 72 months, taxes extra.
- 2018 Hyundai Kona #109389 — $10,998 · 157,640 km · Automatic · FWD · Gasoline · Stock 109389
- 2018 Mazda Mazda3 — $11,498 · 157,640 km · Automatic · FWD · Gasoline · Stock 188850
- 2013 Toyota RAV4 — $11,498 · 146,820 km · Automatic · FWD · Gasoline · Stock 050168
- 2018 Chevrolet Volt — $10,998 · 167,850 km · Automatic · FWD · Hybrid · Stock 122411
- 2015 Mazda CX-5 — $10,498 · 175,560 km · Automatic · AWD · Gasoline · Stock 439297
- 2015 Nissan Micra #224473 — $5,498 · 142,590 km · Automatic · FWD · Gasoline · Stock 224473
Rebuilding your credit with a car loan
- Pick a payment you can make every week without stretching your budget to the limit.
- Make every payment on time: it is what matters most for the future of your file.
- Keep your vehicle in good shape; you can trade it later if your situation improves.
- If you have a vehicle to trade, its value can lower the amount financed.
On Pie-IX Boulevard, in Montreal
Our dealership is at 9380 Pie-IX Blvd #101, Montreal, QC H1Z 4E9, Canada, reached by Pie-IX Boulevard and Highway 40 (Metropolitan). It serves Saint-Michel, Saint-Léonard, Montréal-Nord, Villeray, Rosemont, Anjou and Laval. You can start by phone at 514-324-3773 if you would rather talk about your situation in person before filling in a form.
Directions to Auto Finance 123 (Google Maps)
Frequently asked questions
Can I buy a car during a consumer proposal?
It is possible depending on your situation. We submit your request for 3rd chance credit financing. Financing subject to lender approval.
Do I have to wait for my bankruptcy discharge?
Not necessarily. The timing of the request affects the file: a team member looks at your situation with you before submitting anything.
Is the request free?
Yes. The pre-approval request is free and comes with no obligation, and the form takes about 20 seconds.
Which bankruptcy documents should I bring?
A team member will tell you which documents to provide for your procedure and your situation.
Get my free pre-approval · Call 514-324-3773
Financing application · Bad credit financing · Payment calculator · Under $10,000 · Sell or trade