Bad credit scenarios in Spokane 

Credit Issues

Chapter 7 Bankruptcy

Is a liquidation debt that generally takes three to four months from the filing date to discharge. We can arrange auto financing in an open or discharged bankruptcy. When your bankruptcy is open, we can arrange financing prior to your 341 meeting (also known as the meeting of creditors).

Chapter 13 Bankruptcy

Is a re-organization of debts typically between one, three, and five year terms. Our lending source will only require that an individual receive written permission from the trustee and/or the bankruptcy court and that your plan has been confirmed.

Multiple Bankruptcies

One or more bankruptcies that have been filed or discharged by an individual whether it is a chapter 7 bankruptcy or a chapter 13 bankruptcy. This credit scenario can still secure auto financing.

First Time Buyer

This individual usually has no revolving or installment credit history. Buyer typically has no credit bureau score, however, there are lending sources available for this type of buyer.

Credit Counseling or Debt Consolidation Programs

This individual has gone to a profit or non-profit organization in an attempt to pay back creditors in full at a reduced rate and/or payment. There are lending sources available for this type of situation.


If an individual has experienced a repossession, voluntary or in-voluntary, the lender will require that the repossession have occurred at least two years prior to the application for auto financing.

Excessive or Unresolved Derogatory Credit

This situation is one that most lenders will shy away from because of the high risk of bankruptcy. There are three forms of resolution: resolving the credit issues through repayment of debt. Resolving the debt through bankruptcy or not acting on the situation at all resulting in a continuation  of excessive unresolved derogatory debt. There is limited means of financing available for this type of customer. A lender willing to finance this type of customer will require a large cash down payment and a shorter loan term resulting in a higher monthly payment.



Larry H. Miller Downtown Honda Spokane

1208 W. 3rd Avenue
Directions Spokane, WA 99201

  • Sales: (509) 353-4718
  • Service: (509) 353-4722
  • Parts: (509) 353-4724


  • Monday 9AM - 7PM
  • Tuesday 9AM - 7PM
  • Wednesday 9AM - 7PM
  • Thursday 9AM - 7PM
  • Friday 9AM - 7PM
  • Saturday 9AM - 7PM
  • Sunday Closed

If you have any questions about credit, special financing or you are wanting to build your credit by buying a car please reach out to our team by submitting a form below or calling us. You can also come meet with us any time at our dealership located at 1125 W. 2nd Avenue in Spokane. Whether you are from the Spokane Valley area, Pullman, Coeur d'Alene, Tri-Cities or Moses Lake or anywhere in between we are here to help you with any and all special financing needs.

How To Get A Vehicle With Bad Credit!

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