The time frame for buying a car after repossession can vary depending on a few factors such as your credit score, financial situation, and the lender’s policies.
In general, repossession can have a negative impact on your credit score, which can make it difficult to get approved for a new car loan. Lenders typically prefer borrowers with good credit scores, and a repossession on your credit report can make you appear to be a higher risk borrower.
If you have a low credit score, you may need to wait a while before applying for a new car loan. It’s important to take steps to improve your credit score by paying your bills on time, reducing your debt-to-income ratio, and disputing any errors on your credit report.
Additionally, lenders may have specific waiting periods before they will consider approving a loan after repossession. Some lenders may require you to wait a certain amount of time, such as six months or a year, before applying for a new loan.
If you cannot wait, the good news is, the Auto Cave is able to provide affordable in-house financing solutions and approvals that are based on your income and NOT your credit. The Auto Cave has provided reliable transportation and affordable financing to thousands of customers in the Dallas area with recent repossessions on reflecting on their credit. These solutions give you an opportunity to apply immediately without any negative credit impacts, as they do not run your credit as a hard inquiry.
Additionally, once you apply and provide the information needed, you’ll receive your approval without ever needing to visit the dealership. Once approved, you may schedule your appointment to view all of the vehicle options that you qualify for. This has become the easiest and best way to buy or finance a vehicle after a repossession. After all, if you make your payments on time, the Auto Cave will report your payments to the credit bureau, which could positively impact your credit score.
GET APPROVED FROM THE COMFORT OF YOUR HOME!
Be prepared to upload the following:
👉ID or DL
👉Proof of Income: Pay Stubs / Bank Statements
👉Proof of Residence: Lease / Utility Bill / Non-Junk Mail
HAVE OTHER FACTORS PREVENTING YOU FROM GETTING APPROVED FOR FINANCING? NOT TO WORRY!
✅ No Credit = APPROVED
✅ Open Auto Loan = APPROVED
✅ Multiple Repos = APPROVED
✅ Student Loan Debt = APPROVED
✅ Just moved to DFW= APPROVED
✅ New Job= APPROVED
✅ The list goes on… the fact is, we are HERE FOR YOU.
FREE 3-YEAR WARRANTY WITH EVERY VEHICLE!
🚘 By the way, does your current dealer give you a FREE 36-MONTH warranty to cover you?? Probably NOT! We are the ONLY DFW dealer that covers our customers for FREE for that long.
😃 We back our cars and take care of our customers! Check our reviews and see for yourself why THOUSANDS choose RELIABLE transportation and AFFORDABLE financing with the Auto Cave!
🔑Visit one of our locations today or get pre-qualified in seconds online!
📍4201 W CAMP WISDOM RD
DALLAS, TEXAS 75237
📍1110 N. WATSON RD
ARLINGTON, TEXAS 76011