2007-06-07 03:27:19 · 4 answers · asked by dreamangel35749 1 in Business & Finance ➔ Personal Finance
Ever is a long time. Yes you will, if you get your credit up by paying your bills for awhile. But the repo will show on your credit report for 7 years, so you could have a problem for that time. When it's say 3 years old, if you show a good payment history since then, you could probably get financed, although would likely pay a higher interest rate that you would otherwise.
2007-06-07 04:06:35 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Yes you will, but be prepared to pay twice the intrest rate than normal. You can shop finance companys and credit unions, and in a lot of areas certain car dealers will finance the car. You might have to wait a few months or a couple of years with no credit problems untill someone will give you financing. Banks are not the place to go with a repo. on your record.
2007-06-07 10:41:16 · answer #2 · answered by jim4vegas2 3 · 0⤊ 1⤋
Yes. Call the company that reposessed the car, and start to make arrangements to pay off the remaining debt. Even if it is just $50/mo. Then, you can find a buy here/pay here used auto shop. They will finance you directly. But be warned, they will not accept late payments. If you are late, they just repo the car, they don't send out warnings.
Once the bad debt on the repo'd car is paid off, and you show that you have made good payments on the used auto, you can then persue financing a new auto again.
Good luck!
2007-06-07 10:36:41 · answer #3 · answered by Stephanie J 5 · 0⤊ 0⤋
Yes, you will be able to finance again, but since you are a credit risk, you will probably have to pay a higher interest rate.
2007-06-07 10:35:39 · answer #4 · answered by Jacqueline M 5 · 0⤊ 0⤋