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Bankruptcy Canada online support group helps you connect with other people who have or are experiencing bankruptcy.
Total members: 11684 (2001 Posts in 553 Discussions)
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Bankruptcy Canada Online Support Group
Consumer Proposals
Welcome to the Consumer Proposals category of the Support Group. Don't want to file bankruptcy? A
consumer proposal
is an alternative. This is the place for discussions about Consumer Proposals.
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Discussion: Car Loans (Read 237 times)
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Car Loans
« on: January 18, 2012, 10:06:45 AM »
wally65
Newbie
Posts: 1
Does anyone know of a lender in Southwestern Ontario for an auto loan while in a consumer proposal? We are attempting to buy out the lease on our current vehicle while two years into our consumer proposal.
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Re: Car Loans
« Reply #1 on: January 18, 2012, 10:30:43 PM »
Geoff
Newbie
Posts: 9
There should be quite a few around, if you still owe a lot in the consumer proposal than forget about a car loan you most likely will not get approved. Now if your 2 years out of a proposal than you should not have much problem getting a car loan.
I know cause I have been through it and the dealership told me this and also I did research on this as well.
If you do find one, research the company, see if they have any complaints against them, they are with the BBB etc etc, and you get EVERYTHING in writing, if they don't want to put things in writing, leave and find someplace else.
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