FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Phone

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Re-leasing a vehicle

We are 2 months away from discharge and have 6 months left on our car lease. We are hoping to aquire a new lease when this one runs out. Is that very likely? We have never missed a payment.

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Re-leasing a vehicle”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

This is a question you are best to ask to the lending / leasing institution. Whether on not they will lend is an internal decision and each institution has different guiding policies. However you can expect some intuitions, due to the negative impact of bankruptcy on your credit, to be a little gun shy. As a result you may be looking at a slightly higher interest rates as the financing may have to be provided by higher risk lenders.

Having said this, start with the company you have been leasing with for the last few years, you have a good track record with them and I expect they will be more willing that an institution that doesn’t know you from Adam.