The repossession stays on your credit report for 7 years.
YES its bad you dont get the lowest interest rates IF lenders will loan to you 7-10 years
If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.
7 years is the norm.
Type your answer here... in the USA, 7 to 10 years
NOTICE OF DROPPING PARTY DEFENDANT
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
Only on your CREDIT REPORT. DMV doesnt care how you got it or got rid off it, as long as ya dont steal it or sell before ya pay for it.
It takes seven to ten years.