How Hard Is It To Get An Auto Loan After Two Repossesions?
Posted by Finance Enquirer on July 10th, 2009 at 06:47pm
I have two repos, one happened in dec. 04 and another in jan. 07. i want to know how hard would it be for me to get an auto loan, or if its even possible?
Tags: After, Auto, Hard, Loan, Repossesions
Under Auto Loan
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6 Comments for How Hard Is It To Get An Auto Loan After Two Repossesions?
1. Marc | July 10th, 2009 at 7:12 pm
It may be possible but you will be paying a really high interest rate. The best thing to do if possible is save up enough to buy with cash. To those here who have made rude , stupid responses….get a life. The asker doesn’t need you to come down on them. You don’t know what caused the problems they have had.
2. Harley-H | July 10th, 2009 at 7:22 pm
Alot of Buy Here-Pay Here dealers will try to help you but you will need a real strong down payment..
To the guy with the smartass remark about BHPH lots dont know anything more than the experience that he had with one.
I know my vehicles are priced competitively,as my lot sold 7 today..3 cash and 4 financed,so obviously my BHPH dealership is not overpriced,,,and I dont know any that are..
You will have to pay a higher interest rate which im sure you would expect..
Bottom Line,,get about 2500.00 and im sure someone will try to help you..Good Luck!
3. I Joox | July 10th, 2009 at 7:52 pm
Go to a buy here pay here place.They don’t care how many times you lost a car since you will be paying back double of what the car they sell you is worth.
4. town o | July 10th, 2009 at 9:41 pm
The only way you are going to get a car is if you steal one! But then again the us economy is built on ignorance so yeah you may have to jump through some hoops but someone will give you the rope you need to hang yourself with
5. Me M | July 10th, 2009 at 11:12 pm
Someone might finance you for a bus pass. That’s about it.
6. Anastasia C | July 11th, 2009 at 4:04 am
There are many auto loan options available today. Today, stiff competition among auto loan financing companies