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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.

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โˆ™ 2005-09-27 03:23:40
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Q: After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
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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.


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Can your car be repossessed out of your driveway?

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Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?

Only if your name is on the title, and only if the primary borrower defaults and the vehicle is subject to being repossessed by the lender.


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Can your driver's license be suspended for not paying the balance of a loan after the vehicle was repossessed?

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Can a creditor list your car as repossessed on your credit even if they have not repossessed it yet?

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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.


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Where in Western New York can you buy a repossessed car?

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