Will Honda Take Paper Post 13

[Anonymous]

I am looking to do a lease buyout on my Acura.  I am @2 1/2 years post 13 discharge.  The lease was reaffirmed in BK and has never(even prior to BK) been late.  I also have had 4 other Acuras through Honda with perfect payment histories.  Will Honda finance it?

[Anonymous]

I would really be curious to know this as well.  We discharged from a Ch13 a little over a year ago and have great credit history since then.  We have income to support the car loan and have had perfect payment history since the Bankruptcy.  I don't know if Honda is BKR friendly or not.

[Anonymous]

Well - it looks like Honda has a pre-approval tool on their website.  We went ahead and asked for pre-approval last night online and got the results today.  Chapter 13 BKR discharged April 4, 2016.  Perfect payment history since then, no negatives on credit reports other than Bankruptcy.  Scores between my husband and I range from 676-709 between the two of us on the 3 major CB's.  Total household income is around $120k.  Pre-approved for $32,650 financing with Honda!

[Anonymous]

Thanks...had you financed through them before?

[Anonymous]

Nope!  Our current auto is through Huntington Bank and our previous auto loans prior to Bankruptcy were through Capital One.

[Anonymous]

Honda is pretty friendly post-BK as long as you've re-established your credit in a positive manner. In the OP's situation, it's a little different as they carried a HFS loan through a CH13. Some lender's wouldn't re-loan to a person in that situation, I wasn't sure if Honda was one of the lender's, but with positive payment history with Honda I guess it doesn't surprise me.