Bankrupt Car Loans

Most finance providers will not consider providing personal loans or secured car loans to individuals who have been bankrupt. At Platinum Car Loans, we may be able to assist you if you have recently been discharged from bankruptcy. As long as you have secure employment we will most likely be able to help you.

Bankruptcy and part 9 lending criteria

• Must be discharged from bankruptcy for a minimum of 12 months
• Defaults following bankruptcy (ie not part of the bankruptcy) means an automatic decline except where the bankruptcy is no longer on the client's credit file
• Multiple bankrupts can also cause decline in some circumstances
• Cant help if defaults following Part IX unless it can be proven that default was part of the Part IX transaction or Part IX has dropped off credit file

Bankruptcy vehicle types

• Commercial Vehicles - maximum of 6 years old (some exceptions). Maximum 7.5 tonne
• Standard Vehicles - up to 9 years old
• Vehicles must book within Glass's guide values

Which car financing product is right for you?

Deciding on the right car finance option for your situation can sometimes be confusing. Hire Purchase, Chattel Mortgage, Car Lease? are just a few of the car financing options, Platinum Direct Finance can assist with your decision making and make the process simple and easy.

Why use Platinum Direct Finance?

The Platinum Direct Finance group of companies will finance over 800 million dollars worth of equipment and car finance this year! Due to this volume and buying power, we can give our clients access to the best finance rates and financing products across Australia.

Need further information?

If you require further financing assistance, either complete our friendly enquiry form or call an experienced finance consultant on 1300 554 553 today.

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