707 W 51st St Tulsa, OK 74107 918-376-0438
707 W 51st St, Tulsa, OK 74107
Sales: (918) 376-0438 | Service: (918) 376-0372 | Parts: (918) 376-0372

Getting an Auto Loan after Foreclosure is Possible at Jim Glover Chevrolet On The River, in Tulsa, OK

If you have a poor credit score and it has led to a foreclosure, the Finance Department at Jim Glover Chevrolet On The River can help you find auto financing to get you back on the road and on track financially. Broken Arrow and Owasso, OK area drivers can count on Jim Glover Chevrolet On The River to support them in their bad credit auto loan search. Apply for financing and shop our used car inventory today!

When you apply for a bad credit car loan following a foreclosure, keep in mind the following things:

  • You can qualify for a sub-prime auto loan or bad credit car loan regardless of whether the foreclosure process has been completed.
  • Your current housing situation does not play a factor in your ability to obtain a bad credit auto loan. If you still live in the foreclosed property, the lender will use your mortgage payment to calculate your debt-to-income ratio. If you no longer reside in the foreclosed property, then your debt-to-income ratio will be calculated using your current mortgage or rent payment.
  • Save up for a large down payment! While states vary regarding regulations for obtaining an auto loan after a foreclosure, a higher down payment is to be expected. Plan on putting forward at least 20% of the vehicle's price, but even more if possible.
  • As expected, the interest rate on your bad credit auto loan will be significantly higher than with a conventional car loan.

Drivers in the Broken Arrow, Owasso and Tulsa, Oklahoma area whose bad credit has led to a foreclosure can still find bad credit car loan options available through the Finance Department Jim Glover Chevrolet On The River. Contact us today!

Why Choose Jim Glover Chevrolet On The River

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Our Finance Department is manned by experienced auto finance experts who know where to look to find an auto loan with the best terms for your credit situation. And if you are concerned about poor credit, we can help. Once you apply for an auto loan on our site, we will continue to walk you through the entire process, from the initial application to the signing of relevant documents. We want to make sure you get a car loan that offers you affordable monthly payments.

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