View of a car getting repossessed

My Car Got Repossessed!

Can I Still Buy a Car If I’ve Had One Repossessed? 

If your vehicle gets repossessed, there are ways to get out of this situation. American Car Center is here to answer your question of whether you can still buy a car if you’ve had one repossessed. Continue reading for more information.  

How to get an auto loan after repossession?  

At American Car Center, we consider any credit applications, including those from previous customers.  

When a repossession occurs, it drops your credit score and can stay on your credit report for up to seven years of time. Over time the impact made on your credit because of the repossession begins to reduce, and hence it is often advised to wait for some time before applying for a new car loan.   

[Read more: Get pre-approved at American Car Center]

In order to apply for a credit loan, you have to first find out your credit score. The Fair Credit Reporting Act allows you to access your credit report once every twelve months. Next, you will require proof of income, residency, and employment. You will also have to provide a couple of references and a down payment. The personal contacts provided should vouch for you and validate the information provided.  

View of a car on the tow truck
View of a car being towed away

Once all your documents are in place, you can fill out the online form or visit the dealership with the papers. After the verification process is complete, our expert sales associates will help you find the perfect car for you.  

[Read more: Shop with American Car Center]

You can now get pre-approved at American Car Center and easily finance your car loan. The dealership caters to over 68 locations, so find the dealership closest to you and visit us today to know more about us and our credit system. Feel free to reach out to us at (877) 720-4477 for further information and assistance.