Lexus/Toyota Lease

[amieric88]

Hi there,
Maybe y'all know the answer to this question in the interwebs.. i had to include my Lexus lease (billed as Toyota lease trust if I recall) in my bankruptcy after a medical event left me 500k in debt - was a bit upside down in the Lexus so my attorney advised to surrender it. I did. I was always current with my vehicle and even after I got another car (at 4.5% less than a year after bk!) but I miss having Lexus' and I want another one. So, long story short - what's the likely hood of me being able to lease again? Have I been blacklisted for life? Anybody know the deal? Any experiences to share? I'm all ears.

[Appleman]

bump, no idea

[Anonymous]

No idea, I think you have to apply to find out.  I don't think they blacklist folks because I believe I have read someone who had a repo with them and a few years later was able to get a lease.  I am sure that like any credit approval they are looking at a lot of circumstances so you will probably have to apply to find out.  I would do so at the dealership versus doing it online.

[JGGM]

I don't know about Lexus, but I do know I have had people who GM Financial won't touch because of issues with GMAC and Americredit in the very distant past. A good friend of mine could not get a lease thru GM Financial because he had a repo with GMAC 10 years ago - the repo does not show up on his credit reports any more, and it was still an automatic decline citing past performance with a GM loan. 

[Anonymous]

If I may ask, how long ago did this happen?  If enough time has passed, there is a chance but it is a fifty/fifty shot. 

[amieric88]

I discharged my bankruptcy May 31st 2016 - they collected the car a month later. I also filed on 2/2016

[Anonymous]

---

@amieric88 wrote:
I discharged my bankruptcy May 31st 2016 - they collected the car a month later. I also filed on 2/2016

---

Then the answer is unfortunately "NO".  Too soon... Give it sometime/ years....