3640, rue Jarry Est, Montréal, QC H1Z 2G5, Canada

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Car financing after a bankruptcy or a consumer proposal in Montréal

A bankruptcy or a consumer proposal exists precisely so you can start over. The need for a car does not go away: getting to work, driving the kids, doing the groceries. At Auto Focus International, in Montréal, we work with customers coming out of a hard financial stretch who are looking for 3rd chance financing. Our approach is simple: look at where you stand today, tell you honestly what is realistic and let you decide.

Bankruptcy or proposal: what changes for a lender

In a bankruptcy, most of your debts are wiped out at discharge, but the event stays on your credit file for several years. A consumer proposal is instead an agreement with your creditors, prepared with a licensed insolvency trustee: you repay part of your debts in instalments. Lenders do not read these two situations the same way, and each applies its own criteria. Some review files while a proposal is still underway; others wait for the discharge or the last instalment.

Where are you now?

How we prepare your file

  1. You send the online financing application or call 514-593-4333.
  2. A quick answer from our team: an advisor wants to understand your path, meaning the date of the bankruptcy or proposal, your current income and your fixed expenses.
  3. With your agreement, and only then, your credit is checked and the file is presented to lenders.
  4. You then choose a vehicle that fits the terms offered.

Realistic expectations

After a bankruptcy or a proposal, the rate offered is generally higher than for a 1st chance file, and the amount financed may be limited. Financing is subject to lender approval, terms vary with each file and no approval is guaranteed. Three levers matter most: a reasonably priced vehicle, a down payment or a trade-in, and a loan length that respects your means. Your advisor shows you the total cost of credit before you sign anything.

Vehicles between $15,000 and $20,000

Under $15,000 · Under $20,000 · Inventory

Rebuilding after you sign

A car loan paid on time becomes a new positive reference on your file. Schedule your payments for payday, keep a small cushion for surprises and have your vehicle serviced regularly: our mechanical and body shop, on site in Montréal, can take care of it. A reliable vehicle spares you the big repair bills that throw a freshly rebuilt budget off balance.

Finding us

Auto Focus International is located at 3640, rue Jarry Est, Montréal, QC H1Z 2G5, Canada, in the Villeray–Saint-Michel–Parc-Extension borough, north-east of central Montréal. Customers from Saint-Michel, Montréal-Nord, Anjou, Saint-Léonard and Laval come to see us to turn the page.

Directions to Auto Focus International (Google Maps)

Frequently asked questions

Can I buy a car during my consumer proposal?

In some cases, yes: some lenders review files while a proposal is underway. The answer depends on the lender, your instalments and your income, and no approval is guaranteed.

Do I have to wait for my bankruptcy discharge?

Each lender has its own criteria. Talk to your trustee first about your obligations, then to our team to see which options are open to you.

What documents should I bring?

Your driver’s licence, recent proof of income, proof of address and, depending on your situation, the certificate of discharge, the certificate of full performance or proof of your instalments.

Will the rate be higher?

Often, yes, after a bankruptcy or a proposal. The exact rate is set by the lender and shown to you before signing, together with the total cost of credit.

Start my financing application · Talk to our team: 514-593-4333

1st, 2nd and 3rd chance financing · Financing application · Payment calculator · Under $20,000