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Your options for a good interest rate upon buying a new car diminish for a few years after having a car repossessed. That is because it is evidence that you (for whatever reason) do not pay your bills. So, after running that thought past you, you should start saving money for a car by taking the bus, walking, ridesharing or riding a bike until you can pay for the car in cash.

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Q: How can you get a new car with a repo?
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