If I voluntarily let a bank repossess a vehicle, can I still get a car loan elsewhere?
by 
madmuppets1
ANSWERS: 2
-
There's almost always someplace that will give just about anyone a car loan. The problem is that such places have outrageous interest and fees and often are borderline illegal. The question is whether you can get a car loan with a fair an reputable lender. The reposession is going to have an impact there. How much of an impact will depend on how long ago it was and what your credit score is now.
-
If another bank or credit union sees that you have let this particular bank repossess your vehicle it could bring up flags and they may, well more than likely decline you. This also depends on how old you are have you previously had loans and how is your history with them. This would not be the wisest decision to make try to talk with your loan officer if you are having problems of any sort concerning your loan and he/she should give you the suitable answer to you predicament.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC