Will you be able to finance a new car after a repossession?


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2006-06-13 03:39:38
2006-06-13 03:39:38



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To obtain finance when buying a new car you can go to a bank and take out a personal loan or a car loan. Your local bank will be able to help you get financing.

It may be a result of the repo with the lender you deal with. It usually happens after you were hard to locate when in default and/or they had to search for the car.

You can get a car finance calculator from any car dealership. Also, any loan amortization calculator will be able to do the same job for you. You can get a loan amortization calculator from your bank.

I will love to finance a new car!

Yes, new car dealers can finance a new purchase. Many dealers work with multiple banks to help find financing for their customers.

The amount you owe on your old car is added to the loan on the new car,and that finance company is suppose to pay off your old loan.

It will probably be at least 2 years before you will be able to finance a car. More than likely , you won't be able to finance a new car unless you have a VERY LARGE down payment (at least half of the sticker price. Expect to pay very high interest on the loan. You can do it but it will cost you.

There are many ways to finance a new car. One option is to finance through the dealer as they occasionally offer no interest loans. You can also check at your local bank for a loan.

In some cases yes. In a growing number of states, no. Florida was one of the first to pass this new law. In the state of Florida, if you have a single vehicle up for repossession, you may not be able to register ANY vehicles you own.

Yes you can. However how much you owe and what your current car is worth comes into play. IE if you owe 12000 but the car is only worth 10,000 you will need to finance this extra amount on your new car. Some finance companies will not allow this, so you may need to pay the difference if there is one.

If you want to get the best price on a new or used car, it

Even if your car is brand nee you can still get another car. As long as you can finance or pay for a car, you can have as many as you would like.

Yes Car Finance will help you to aquire the some of the best rates possible for your car credit financing. Something you may need if looking for a new or used car.

Hi I part exchanged a car which was a market value of ยฃ4995 when I bought it on finance after just 9 months. The value of the car I wanted was higher and the way it worked was the new car manu paid me the settlement figure as a part exchange amount and that was paid off. We then started a new finance agreement for the new car. I don't know if it works when you want to buy a cheaper car than the car you are part exchanging.

A New Jersey constable would have to call a police officer in order to have your vehicle impounded. State agencies don't repossess - creditors do that, and hire private companies to carry out the repossession. Impound is your vehicle being confiscated for being in legal violation. Repossession is the lien holder (the actual owner of the vehicle) claiming their property back after the finance agreement has been breeched.

In many of the states where repossession licenses are required, the new or prospective repossession agent will be required to apprentice with a licensed repossession agent. The repossession company will hire new drivers to ride with older, more experienced drivers who teach them the trade. In some cases, new drivers may be required to rider for a time in a "spotter" or camera car. Apprenticeships typically last for one year.

it depends on how long the repo and you interest rate will be real high

not as bad as you think. I filed bankruptcy in 1996 and then was able to finance a new car in 2005. so it only affects you for about 10 years

72 months is about as long as any lender will go. However if you have to finance a car for 72 months then you are buying more car than you can afford. I never finance a car for over 36 months unless I can get 0% financing.

There are many new car incentives now being offered by Ford. This includes a 0% finance deal, a no-deposit finance deal, and free insurance for year for some customers.

Depending on the type of finance one requires, there are many options when it comes to obtaining car finance, whether for a used car from Graham Hilton Cars or a new Golf from the Wayside, St Albans VW Dealership

Buying a new car is certainly possible for someone with bad credit, but it is slightly more troublesome. When one goes to finance a car one may have to pay a higher interest rate in order to finance.

If you don't pay for the car it has a lien on it, and can never be sold. You may not be able to get new tags for it if it is flagged.

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