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You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.
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∙ 9y ago
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Can you finance another car soon after your current car has been repossessed?
YES, IF you have a large D/P, any buy-here-pay-here lot will finance you.
What do You do after your car has been repossessed?
Buy a bus pass. Or get ahold of your lender and see what they want to get the car back.
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
How soon can you get another car if you are getting ready to start a new job and really need transportation and your previous car was repossessed?
You can buy from a private seller or you can use public transportation.
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
Can you make a profit on a repossessed car?
Yes you can make profit on the car if you buy it from the bank.
What can you do if a 'buy here pay here' reports your car as repossessed but you still have it?
Offer to buy it.
Can you buy another car even though is repossessed?
If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
In Utah can your wages be garnished for a car that was repossessed?
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
Approximately how long does it take after your car is repossessed for them to come after you for the deficiency?
As soon as they sell the car so they will know what the balance due is.
Do you have to insure a car that has been repossessed?
No, since the car is no longer considered "your" property.
