Bankrupt? Have a history of bad credit? The simple act of asking for a free, no-obligation, no-hassle price quote; will reveal the best possible lease deals in your town, after bankruptcy!
A free, no-obligation price quote will grant you access to our exclusive Car Leasing & Buying network specializing in helping you rebuild your credit, get you the car of your dreams, and a low monthly payment you can afford.
Don’t worry, there are always options. Every minute is another chance to turn things around.
Good things will happen, with the right attitude and the right information at your fingertips.
Here are a few examples of how famous role models pulled themselves out of debt. Learning from previous examples is a great way to get on track and stay there to be able to obtain your very own car lease after bankruptcy.
Here are 3 famous people who regained strong financial standing after experiencing bankruptcy:
The Story: The man who invented the ‘assembly line’ method of producing cars, which revolutionized the automobile industry, did not achieve this feat without getting a taste of bankruptcy. Ford started the Detroit Automobile Company in 1899 but quickly went bankrupt in the 1901. Why? The young Henry Ford was still trying to get a firm grasp in terms of establishing a technique in manufacturing automobiles and managed to only produce 20 cars during the life of the company.
The Recovery: Ford perfected his techniques in automobile manufacturing and established the Ford Motor Company in 1903. He eventually left the Detroit Automobile Company–which later became Cadillac Automobiles.
The Moral of the Story: Bankruptcy is not the end of the world. Similar to Henry Ford, you might have done some not-so-perfect things in the past, such as excessive and unplanned overhead costs on your old business and owing too much debt to creditors. The simple act of changing your lifestyle and your spending habits will help you to quickly get a car lease after bankruptcy. You might not be able to invent a new way of assembling and manufacturing cars but this does not mean you won’t be able to recover in the same way Henry Ford did.
The Story: In 1832, Abraham Lincoln bought a store in New Salem, Illinois that sold general goods. The ex-president, who is famous for holding the country together through one of the most perilous times in our nation’s history, experienced sluggish sales and was forced to buy goods from other stores on credit. When Lincoln’s business partner died, he was left in debt for more than $1,000. Remember, $1,000 was a very significant amount of money in 1832.
The Recovery: There were no bankruptcy laws during Lincoln’s time. The creditors took away Lincoln’s surveying gear and horse–yes, a solitary horse. Lincoln was not much of a savvy businessman but his strong character and moral will made him one of the greatest American presidents of all time.
The Moral of the Story: Lincoln was only 23 years old when his general store went under. He may have avoided this if he were more careful when borrowing on credit. In terms of leasing a new car after bankruptcy, it is not a good idea to lease an expensive car or luxury SUV. Remember, lease prices will also depend on the MSRP of the car. You should lease a cheaper, more affordable new vehicle in order to make it easier for you to recover from bankruptcy. Lenders and banks will not take away your surveying gear and your horse if you fail to cope with your lease payments but they will repossess your car. This will definitely leave a negative impact on your credit score yet again.
Henry J. Heinz
The Story: More popularly known as H.J. Heinz, and the founder of the H.J. Heinz Company. Young Henry had a green thumb and began selling garden grown vegetables at the tender age of eight in Pittsburgh, Pennsylvania. Heinz began growing, processing, and selling horseradish sauce at the age of nine. Heinz continued to pursue his entrepreneurial dreams in 1869, establishing the Heinz Noble & Company with Clarence Noble, manufacturing and marketing horseradish sauce for public consumption. The company eventually went bankrupt in 1875.
The Recovery: Heinz decided to start a new company with the help of his cousin and brother, and established the F & J Heinz Company in 1876. Heinz then began to produce one of the most popular condiments in the world: tomato ketchup!
The Moral of the Story: Heinz knew he was on to something and sought the help of his brother and cousin to start a new company. If you are looking to lease a new car after bankruptcy, you should search for lenders or creditors who are willing to give you a second chance. Remember, rejection is inevitable, especially if your credit score is below 659 or if you have a previous history of bankruptcy. Find lenders and car dealers who are willing to help you lease a new car, and prove to them you are dedicated to recovering from your past financial faults by making all your lease payments on time.
If Henry Ford, Abraham Lincoln, and Henry J. Heinz could recover from extreme bankruptcy then you can too. Keep the tips you have learned here in mind to help you get a new car lease after bankruptcy.
Bankruptcy car lease deals can be yours! Ask for a free online quote and let TopCarLeaseDeals.com find the best possible car lease deals. It is easy and quick. No hassle.
It is possible to lease a car after bankruptcy! Ask for a free lease quote and find secret low monthly payment offers in your town. Request a quote and begin your path to financial recovery.