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You can always try, I suppose. But the amount you owed on the car you're trading in would be added on to the amount you owe on the vehicle you're buying - IF you get approval, which you probably won't. The dealership will know your vehicle is up for repossession once they run your credit. They might even delay this process long enough to make a call to the repo man and wait for him to show up to snatch the car.
What else can I help you with?
What is involved in a Repossession of a vehicle in Tennessee?
In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.
Can a car repossession in Tennessee result in jail time?
NOT just for a simple repo NO. IF there are other complications added to the repo, maybe.
Where do you get car repossossion permit?
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
How do you write a car repossession letter?
How do you write a car repossession letter?
How long after a vehicle repossession does the bank or car company have to sell the vehicle and is there a maximum time limit in Tennessee?
30 days and 20 minutes dude
Is concealing a car from repossession a felony in Georgia?
is concealing a car from repossession a felony in georgia?
What is the used car sales tax in Nashville Tennessee?
Zero, if you trade a more expensive car in and get a cheaper one
What is the best time to buy a car after a repossession?
When is the best time to buy a car? In summary the best time to buy or trade in a car will be as below: End of Year End of Month Monday to Friday
How long does the repossession process of a car usually take?
The repossession process of a car usually takes about 6 months
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
Do you have to have any license to repo in tn?
In Tennessee, a repossession agent must have a license to operate legally. This requires completing a background check and obtaining a license from the Tennessee Department of Commerce and Insurance. Additionally, it’s important for repossession agents to comply with state laws and regulations regarding the repossession process. Without the proper licensing, repossession activities can lead to legal penalties.
Can you get a personal loan after a car repossession?
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
