Can you still buy a car a year after your car has been repossessed?
I got my car repo last year, but the weird thing is i have not gotten anything in the mail about my car. now two weeks after my car was repo(last year) they sent me a notice telling me that i was able to come and get my car, for a certain amount of money, but at the time i did not have it, so they went and auction my car. I never did find out how much my car was sold for. Anyway i have just moved about three months ago, and were i am living at now transportation is hard to get. and i now am thinking about getting another vehicle but this time something cheaper with lower monthly payments like a $9,000 or a $10,000 vehicle. now some friends or co-workers i talk to, tell me that i won`t be able to get a car especially with bad credit. others have told me they i might be able to get another vehicle because i have a steady job that i`ve been on for 4years. Not that it matters but my yearly income is $34,000, does anyone think that i would be able to be approved for a $9 or 10,000 car?
Like i am interested in a pre-owned vehicle not a new car. Like i am looking at a 2002 Nissan Maxima, `02 Infiniti I35, `01 Toyota Solara, `02 Acura RL etc. and i have seen ones for under $11,000
you can still buy a car the interest rate will be elevated. They have programs called second chance. Call 1-800-bar-none
they specialize in this. I would just go to a dealership that says advertises they can finance previous repo’s
there are many places that will give you a car, depending on how much you put down on it and how high your interest rates are…places like Drive Time – why don’t you try to buy a used car privately (if you have the money) and try to build up your credit for a few more years – that can save you a lot of money
You can, with out a question, get a car loan. You are going to pay a huge interest rate, but you will get approved.
Some friendly advice, just save your money and buy a car with cash…..Buy a $2000 car, save up another $2000 in a year and sell it. Now you can get a $4000 car paid cash….just keep doing this and pretty soon you will have a 10-14 k car paid for, that now one can ever take from you. Cash is King……
Buy one cash.
You’ve already screwed one lender, what makes you think you deserve another loan, you’ve already proven that you cannot be trusted.
You can get a loan somewhere, it will be an awful interest rate, but fitting for a credit criminal.