answersLogoWhite

0

  • Cars & Vehicles
  • Auto Loans and Financing
  • Repossession

Can you still finance a car with two repossessions after chapter 7?


Top Answer
User Avatar
Wiki User
Answered 2015-07-15 18:45:09

With enogh down payment, you can get a car with 10 repos. The more repos, the more DP needed. probably get a higher interest rate too.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...

Still have questions?

Related Questions

Whats worse voluntary car repossessions or regular car reposessions?

It's the same on your credit, However it will save you money on repossessions fees if you voluntary Take the car back, because the Lender or finance company wont have to send out a repo. team to recover the car witch cost a lot of money and time. The repossessions will look about the same on your Credit, However it best to voluntary give it back, Because if you cant pay fo it then the right thing is to give it back to the Legal owner! It's the same on your credit, However it will save you money on repossessions fees if you voluntary Take the car back, because the Lender or finance company wont have to send out a repo. team to recover the car witch cost a lot of money and time. The repossessions will look about the same on your Credit, However it best to voluntary give it back, Because if you cant pay fo it then the right thing is to give it back to the Legal owner!


How do you find out if the owner still owe a finance company on the car you are buying?

how do you find out if the owner still owe a finance company on the car you are buying?


If your car is in the driveway with a Club on the steering wheel or other source of intentional imobility can a repo man still take the car?

YES.Clubs are designed to prevent THEFT. Repossessions are NOT theft.


You still have finance on your car but like a new car how can you do this?

The amount you owe on your old car is added to the loan on the new car,and that finance company is suppose to pay off your old loan.


You have finance a car and she refuse to pay because she say that car is not running?

She still has to pay with the car working or not.


How do you finance a car with bad credit?

Sometimes you can still finance a car from a dealer with poor credit but with a higher interest rate. There are also independent car lots that will finance a car for you. The only drawbacks from an independent car lot is they usually charge more interest and down payment.


What if the finance company cannot get to the car?

They will....eventually. Regardless, you still owe.


How does Chrysler financial handle repossessions?

Chrysler sells their repossessed car at auction.


How do car repossessions get paid for?

The financier gets billed, then passes that cost on to the debtor.


Can you FINANCE a car while you have a suspended license.?

I have a suspended license from a DUI I got and I wanted to know if I can finance a vehicle still?


Uninsured finance vehicle has been stolen Cancelled insurance because car was being repossessed by finance company?

You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.


How can you go back and add a car to your bankruptcy to be included in it?

Assuming you're referring to a car payment, you can add it to your case before discharge, or you can reopen your case and include the automobile finance company. Keep in mind, however, that if you're filing Chapter 7 and your car is collateral, it can still be repossessed.


Can you finance a car with no credit?

its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.


What happens if you part out a financed car?

You still owe the finance company the balance owed.


Still owe finance on car that has been written off do you still have to pay?

Yes, that is what should be done with the insurance money, pay off the car loan.


What if you buy a used car and it breaks and you still owe on it?

My car is in the impound, i still owe 7,000.00 the impound put a lean. Will the finance Co. take me to collection?


What will two car repossessions in three years do to your credit?

it will spoil your credit but will be cleared after seven years


Do you have to get permission from the bankruptcy trustee to finance another car?

If you are in a Chapter 13, then you must get approval from the trustee if you wish to incur more debt.


You like a car and still have finance on your old one so can you trade it in for the car you like and move the finance onto the new car?

Yes you can. However how much you owe and what your current car is worth comes into play. IE if you owe 12000 but the car is only worth 10,000 you will need to finance this extra amount on your new car. Some finance companies will not allow this, so you may need to pay the difference if there is one.


Is it illegal to sell a car when your still making payments on finance?

No its perfectly legal and if you are still making payments on it, that increases values.


Why do car repossessions happen late at night?

Many repossessions are done late at night because most cars are home at night. It is often safer for the repo man to work while people are sleeping because people do crazy things when 'their' car is being taken.


What if your car is bran new do i have the right for a new car?

Even if your car is brand nee you can still get another car. As long as you can finance or pay for a car, you can have as many as you would like.


Car a finance company report your car as stolen?

Yes, they can. They can't finance you car if your car is a stolen car. When you put your car from a finance company, make sure that your car isn't stolen and bought it in a big car company.


If the bank repossess your car do you still have to pay your car payments?

NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.


If the finance company has repossessed your car and you have filed and been discharged in chapter 7 bankruptcy in Kentucky who owes the property tax for the current year on the car?

You do. You were in possession of the car. The car was registered to you. Until the car is sold, you are legally and financially responsible for it.