CALCULATE YOUR PAYMENT
* Actual financing offer from lender or dealer will vary based on your credit score and other stipulations.
Having a previous automobile repossession makes you an undesirable candidate for a new auto loan with a bank or a credit union. That does not mean however that there are no options available if you are looking to finance a new purchase. There are many dealers and private lenders who specialize in working with customers whose credit is damaged due to a prior repossession. The key is to find one place from where to connect repossession customers with those willing to offer them loans.
Some dealers offer "buy here pay here" options where they can provide financing options to customers who have had a prior repossession. This is achieved by providing a used vehicle as well financing for the vehicle based on each individual circumstances. These dealers also provide "lease here pay here" options. This means that the dealer provides the used vehicle of choice with leasing options tailored to a customer with a repossession. With both "buy here" and "lease here" options, the vehicle will have a Global Positioning System (GPS) unit installed. This allows the dealer to keep tabs on the vehicle as well as recover it should payment lapse or communication between customer and dealer cease.
In general, there are also higher monthly payments for customers who have had repossession. This is due to the higher risk for the dealer in lending to a customer who has had financial complications in the past. Any customer who has repossession in the past must understand that due to their past issues with payment they will be paying higher rates than the traditional customer who has not had a repossession. Understanding this, customers who would like to be matched with a dealer or lender may be able to be given a second chance at owning a car.
Finding a website that allows you to approach all of these lenders and dealers from one place simplifies the process. You can apply online and get contacted by a lender to discuss the specifics of your credit. Sometimes you will not have the option to purchase a new vehicle and may have to choose from the vehicles offered to you. Having a previous repossession does not mean that you can never own a vehicle again. It just means that you will have to work a little harder to prove that you are a desirable and trustworthy loan candidate.
We help those with less than perfect credit and good credit get the perfect auto loan for their situation
If you are an active duty service man or woman then you can apply for a military auto loan through Driver Credit. Your next new car, truck or SUV is waiting for you to complete the online auto loan ap
It has oftentimes been said that having no credit is as bad as having poor credit. This is especially true when it comes to applying for a vehicle loan. When you apply for a Read more
Have a denied car loan by your bank or credit union? It is usually because you have poor credit history or no credit history. Most banks still will not finance an auto loan request even if you have a
Online Auto Loans are in the forefront of auto lending. Applying for an auto loan online offers convenience and simplicity . Once applying with Driver Credit a lender will contact you regardless of yo
Did a bad credit loan ever lead to your loan refusal? Is a low credit score keeping you from receiving competitive rates? New experiences for those with bad credit await you at Driver Credit. Applican
Having a previous automobile repossession makes you an undesirable candidate for a new auto loan with a bank or a credit union. That does not mean however that there are no options available if you a