Post Discharge - SMALL Auto Loan

[Anonymous]

Hello fellow credit builders, 

I'm currently waiting to receive my discharge any day now. However something I haven't found any info on is getting a small auto loan immediately after discharge. I do not have a car right now and it's been difficult to maintain my job that way in a city with POOR public transport (Miami). 

I need a car and I'm looking to get a used one for around 5-8K. I have about $1-2k set aside for down payment but the rest I'd need a loan for. Is it possible to get a loan for that 5-8K amount right after discharge? Only banks I burned were Capital One and Synchrony Bank and my expenses are relatively low.

Open to absolutely ANY tips or suggestions for this situation!

[Anonymous]

From what I've read on here, you should have no problem getting an auto loan if you're post discharge. Good luck.

(fellow Miamian here - public transportation here sucks!)

[tehdrizzle]

Good luck, it's a mixed bag out there.  Hopefully you can get an approval, let us know!  I can tell you up here in Michigan where I'm at, every lender I have spoken with will not even look at you until you are 8-10 years post bankruptcy.

[Mjhall85]

You should be able to get a small loan for an auto. If you have banked somewhere for awhile try with them or a local credit union. 

[Anonymous]

This is unfortunately a tough one. I highly respect that you don't want a big auto obligation, but the problem is that cars in this price are generally too old or have too many miles on them to obtain financing.

I know it's tough with no car, but if you can scrape by just until you get another $1-$2k you can buy something decent for cash. Just be sure to have a mechanic check it out first.