Car finance - discharged bankrupt

dm1983

So, first things first, I've been discharged for over two years now.

I will be needing to get another car later in this year as my current one is starting to cost too much to maintain, and has it's MOT in a few months time as well.

I'd imagine getting finance will likely be difficult given the bankruptcy from 2018 (discharged April 2019) will still be on my file for a few years yet.

But can someone advise what options would likely be out there for me?

I have a small credit card, which is paid in full each month, so don't carry any other debt and the only other credit payment would be my mobile phone contract.

[Deleted User]

Finance secured on a car is easier to get than most other kinds.

However, maintaining your existing car will almost certainly be cheaper than buying a new one.

Don't be tempted to jump straight back into getting unnecessary credit.

[Deleted User]

While your bankruptcy might well go after 6 years off your file, it is recorded forever in the register so could still be found out

Can you not save up and get a cheaper one without finance (if you could afford the finance payments, you can afford to save)? Or use alternatives like public transport, a bike, taxi for the supermarket?

robber2

Facebook Marketplace, you can pick up a good Astra or Corsa for less than a grand. That way you can avoid the loan option completely.