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What can you do if a 'buy here pay here' reports your car as repossessed but you still have it?
Wiki User
∙ 17y ago
Offer to buy it.
Wiki User
∙ 17y ago
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If your car is repossessed by a 'buy here pay here' dealer does it affect your credit?
Only if the dealer reports it to the credit bureaus.
Can you still buy a car at a buy here pay here if you have two repossessed cars?
Buy here pay here lots make the decisions themselves to sell you a car or not. They typically base this on a number of factors not over looking their gut instinct. The only way you will know if a particular lot will sell you a car is to contact them and ask.
Can you buy a car that is repo from a friend?
Provided the lender still holds the lien on the vehicle, it will still be repossessed and you will find you have a problem with a former friend.
Can a buy here pay here car be repossessed?
Even though it is a buy here pay here dealer it is in the contract you signed. You dont pay they will take your car and you WILL have to pay the late payments on top of the repo cost before you get your car returned.
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.
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.
Do you have to pay the difference on a repossession car loan?
Not sure of your question. Do you mean do you still owe after the car is repossessed? Or do you mean do you have to pay off a loan to buy a repossessed vehicle? It depends on the state you are in, contact the lender.
If your car was just repossessed in Utah do you have to pay the balance in full or outstanding charges only if it was a buy here pay here lot?
READ the contract you signed. It determines what you pay.
If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?
Usually when your vehicle is repossessed it is auctioned off and the proceeds are applied to the balance of the loan after any commissions, fees or other charges are deducted. You are then responsible for the remaining balance.
How can you buy a repossessed truck?
Go to bank or other place that repossessed the truck. Pay cash for it etc
How long overdue until your vehicle can be repossessed?
Technically the car can be repossessed when your loan becomes 30 days late. The industry standard is to start looking for the car after 90 days. This is for large banks. If you purchase a car at a 'buy here pay here' lot, they WILL take the car on the 31'st day.
How can a person find and buy repossessed cars?
Repossessed cars are usually auctioned off in the county they were repoed in, you can also try this link to help find repossessed cars, http://ultracarfinder.com/
