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Where can you get a car financed if you have had a car repossessed?
Wiki User
∙ 13y ago
This is difficult but not impossible. Depending on the time that has elapsed since the repossession, it can get easier.
Immediately after the repossession, you may have to go to a "Buy here/Pay here" dealership. Most of these are very willing to take a chance on anyone with a job. If you take this route, keep all receipts of payment, record all payments in a separate ledger, and make every payment on time.
Several months to several years after the repossession, most local banks will write a loan for you. Develop a relationship with a local, independent bank. Have accounts there, and if possible borrow small amounts and pay them back before you try for the auto loan.
Several years to decades after the repossession most prime lenders like GMAC, Ford Motor Credit, Nissan Acceptance, Toyota, etc. will not write paper. It is not impossible, but it is unlikely.
Wiki User
∙ 13y ago
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Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
Can a car be repossessed if only the rims are financed?
Yes, in some states. The shop can file a lien against the vehicle, as the rims are now part of the vehicle. Some states only allow them to repossess the rims.
When your car gets repossessed after 2 months of non payment can you get your down payment back?
No once it's repo'd you either have to work it out with whoever financed the vehicle to get it back or your at a total loss. And banks will sell the vehicle at an auction to the highest bidder which most likely if you just got the car will be thousands less than what you just financed it for,which you'll also owe on top of your loss.
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
If you have never had a car repossessed you have had a house repossessed Can I still get a car loan?
Most likely not depending on what financial situation you're in.
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
How do you contact a bank that financed a car that was repossessed in 2000?
By phone at the last number you had for them?? Look them up in the book or on the computer? then call them???
Can a car be repossessed by the dealership?
If the dealer ship financed the vehicle, or represents the financing party, such Ford Finance, or GMAC, then yes they can.
Can you be sent to civil court after a car repossession?
Yes. Most lenders will auction a repossessed car and sue the person who financed the car for any balance or fees still owed.
If a car is financed in Texas and repossessed in Kentucky can the lender garnish your wages in Kentucky?
If a garnishment has been ruled against you in a judgment it can be collected no matter where you are.
I failed to pay the pick up payment can the dealer repo my car even if its financed through a bank?
Your car can definitely be repossessed because of nonpayment. The bank can actually send a company to repossess your car.
Your car was repossessed 3 years ago but not recovered can you pay it off now and keep the car?
I'M SUPRISED YOU HAVEN'T BEEN SUED YET... GOOD LUCK TRYING TO EVER GET FINANCED AGAIN
Can you sue a car dealer for repossessing a car that wasn't financed?
If you paid cash for a car and the car dealer repossessed it, yes, you can probably sue the dealer. First contact the cops. Then, you might want to contact the dealer next. Keep records of everything.
What happens if you get your car repossessed?
if i get my car repossessed, can they put a llien on the house?
Can a repoman drive a car that has been repossessed?
Drive it WHERE? They have to drive it to get to their storage lot. If you believe that they are driving it for personal usage, that is a question that isn't covered by criminal or statute law. The appropriateness of it will have to be determined by the lender that financed the car loan.
Can you register a financed car?
You can, should, and are legally required to register a financed car.
