Auto loan post Chapt 7....

[Anonymous]

I just discharged a chapter 7. Have income, not rent or mortgage, have a small unsecured cc. Have a good income. Was pre authorized for 35K with capital one. I do not need to spend that much on a car. I found one for 21k that will work but after talking to a dealership the lender wants any where from 500-4000 for a downpayment. 

Does anyone know of a lender who can help without a down payment?

Cant be 

NFCU

[cartwrna]

Weird, Capital one financed me straight out of bankruptcy Chapter 7 (Oct 2018), with 0 down on a 28k loan.

The dealership can ask that you do 0 down with Cap 1, because originally we had said we would do 1k down, then decided against it and they were okay with it.

Quite honestly though, just save up $500 down and have no issues that way.

[Dj4Money]

 What are the terms of the Cap1 loan? 

 That sound strange that if you're approved up to $35K and you found a car that is $21K but the lender (so the dealer says) wants $500-$4000 down?

 Are you going through one of Cap1 preferred dealers? Not that it matters but you are way under the max approval even with dealer add-ons and taxes should be under $30K OTD.