Toyota Corolla
Car Buying
Auto Loans and Financing
Repossession

Is it hard to get a car once you have a repo?

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2005-10-18 14:06:34
2005-10-18 14:06:34

No, you can always pay cash for something that you can afford, or you can go to the auto dealerships that sell junker used cars with a ridiculously high loan interest rate. Those types plan to repo a car several times and will be all over you if you are a day late for a payment. My advice, take care of your credit history by paying off all present and outstanding loans, start over paying cash for everything and slowly re-estabilish your credit being careful to not overextend yourself.

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Related Questions


http://wiki.answers.com/Q/How_do_you_get_your_property_from_your_car_once_your_car_is_repo"

Yes. once they repo the car the only was to get items back is to pay off what you owe

The car is not yours, it belongs to whoever got the repo company to collect it. They can decide what happens to the car, if they instruct the repo company to break into it, then that's what will happen.

It can happen as soon as they find the car. Sometimes within hours.

repo men are allowed to be on the property... once they have possession of the car, it is legally theres.

Will i be able to purchase another car later on if my car is repo

can my car be repo 38 day's in default?

Q:Can you get an apartmet with a car repo? A: All apartments come without a car repo option. Sometimes you can negotiate utilities, however

Yes. The repo company I work for goes out of state at least once a month to get a repo because the owners have moved, I don't believe any state will stop a repossession just because the car was moved to a different state.

want to know if my car is on a repo list

Yes, afterall, the repo-car is still the legal property of the person who has sent the repo-guy to retrieve it.

Yes, you can self repo your car if you can no longer afford your car and is financially unable to pay the payments for your car.

If they have a repo order, that is between them and the holder of the note. Once it has been repossessed, it is no longer your brand new car.

the repo man come and repo my car the police made him bring the car back because he didn't have a signed consent from magistrate after going to magistrate will I have a chance to answer the dispository or will the car be repoed the same day

Alot of repo guys do drive the repoed vehícles, But be assured If they drive Your reposessed car that Most compañys have a million dollars worth of coverage..to clarify once a car is repossessed it is no longer "your" car.

1st repo?? Pay the arrears and repo fees, have ins. coverage 2nd repo??? Most likely have to payoff the loan unless the lender is in a really good mood. Read your contract

I would hazard a guess that he contacts the finance company first.

You have to read your contract to find that out. You can offer to catch up the payments and keep on trucking - if they will let you do that. I once bought a car from a supposed friend and a repo man show up at my door a year later to repo the car because my friend had a loan on it and hadn't paid. I wouldn't let them have it. The repo people got the Sheriff to come out and get it anyway. I got srowd by my ex friend Jerry G.

Any business is hard work to open so a repo business would be hard to open as well.

Legally, once you have defaulted they have the power to take your car at any time...even after dark. Many cars are repossessed at night as the repo men can expect less chance of confrontation when you are sleeping.

The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.

Probably not. He'd probably ask you to get out of the car.


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