Can I buy a car after a repo?

Can I buy a car after a repo?

Answer #1

You mean after yours has been repossesed or a repod car?

If 1) It depends on your credit rating, if youve had a car Repo’d, credit companies think your a bad egg and will refuse you any money. Unless you pay in cash. If your buying back a car youve had repo’d it depends upon the kindness of your lender, just dont expect a friendly response!

If 2) Repo’d cars are sold then the money is paid back to the bank/car dealer etc. to pay off your debt. If you want to buy a repo’s car, its just like buying a regular car.

Answer #2

Yes, Repossessed cars are sold at auction all the time. Just remember to be careful. If your car was taken, you can buy a new car. Getting financing will be the problem. If you can somehow find a company that will finance you and a car cheap enough, you can get financing. mahindraxylo.net

http://funadvice.com/r/15512tc9rva

More Like This
Ask an advisor one-on-one!
Advisor

Nuneaton Car Sales

Used Cars, Car Sales, Automotive

Advisor

We Buy Junk Cars For Cash Wes...

Automotive, Junk Removal, Cash for Cars

Advisor

The Platinum Car Company

Car Dealership, Luxury Vehicles, Automotive Services

Advisor

Cash For Junk Cars - Junk My ...

Automotive, Recycling, Cash for Cars

Advisor

Cash Cars Adelaide

Junk Car Buyers, Cash for Cars, Junk Yards