Repossession

How soon can you buy a car after a car has been repossessed?

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2014-07-09 19:21:19
2014-07-09 19:21:19

You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.

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Related Questions


YES, IF you have a large D/P, any buy-here-pay-here lot will finance you.

Buy a bus pass. Or get ahold of your lender and see what they want to get the car back.

When a car has been repossessed the person paying the insurance should cancel it.

I have a welding machine on the truck they repossessed can they keep that?

Yes you can make profit on the car if you buy it from the bank.

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.

You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.

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.

No, since the car is no longer considered "your" property.

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.

if i get my car repossessed, can they put a llien on the house?

Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.

Repossessors are supposed to notify law enforcement when they repossess a car.

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.

No, but your car can be repossessed if you don't make the payments.

Yes, if you have the money you can buy it. If you are searching for a car loan, you may have some difficulty in that. Paying cash, no problem.

ONLY IF YOU GET THEM FIRST IF THEY TOW THE CAR YOUR OUTA LUK

Not sure of your question. Do you mean do you still owe after the car is repossessed? Or do you mean do you have to pay off a loan to buy a repossessed vehicle? It depends on the state you are in, contact the lender.

As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.

As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.

As soon as you get the cash to pay for it

if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed

Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.


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