What is the best time to buy a car after a repossession?

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When is the best time to buy a car? In summary the best time to buy or trade in a car will be as below:

End of Year
End of Month
Monday to Friday
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What time of the year is the best time to buy a new car?

When 'that' particular vehicle holds the least real value to the consumer vis a vis cost to the manufacturer. -pay attention projected yearly gas prices -look around you for mode-income (not average but the amount of income made most often in that area at that time of year). A lot of oilfield money (MORE)

When is the best time of the year to buy a used car?

Answer . Depends on how the dealer buys insurance for the car. Most dealers buy insurance on a monthly basis, some don't. So for a dealer the best time would be at the end of the month, when they are more likelly to lower the price to sell the car. Also at the end or sart of the year. This is whe (MORE)

Is it best for your credit to let a jointly-owned car be repossessed?

%DETAILS%. Answer . the finance company won't let you get your name off of it. That way they can keep you on the hook since he can't pay for it. it will hurt your credit, but if you have a car you pay for on your credit and explain in the future what happened, you should be able to get another (MORE)

Where can you buy repossessed cars?

Here is a variety of advice: . If I were you I would check out your county for repossessions to be sold they generally sale for 2/3 of the loan value. . I would NOT buy a car that has been repoed. Simple logic tells me that the driver was NOT doing ANY repairs or even oil changes, before it got (MORE)

Where can you get a loan to buy back your car that was repossessed?

Answer . Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating.\nWith a decent down payment you can always get a ride at a buy-here-pay-here car lot. Good Luck.

What is the best way to repair your credit after a car repossession?

Answer . IF you want a "magic" answer, quit reading now. The best way is to do what built that good rating. SAVE your money and make bigger down payments, make your payments on time, dont over extend yourself and LIVE WITHIN YOUR MEANS. Put money back for the rainy day. Good Luck.

Can you keep buying insurance for a repossessed car and drive legally?

IF you mean a car that is being searched for by the lender, YES. You sure can RISK spending the money one day for ins. and watching it be towed away the next. Its your gamble.. If you just want insurance to drive any car, I once read that you can get insurance without a car. Ask an insurance agent. (MORE)

How do you buy a repossessed car?

If you are trying to buy a specific car, you can contact the bankor whoever holds the lien on the vehicle for more information. Youmay also start online with a free directory search for banks andother financial institutions who are selling repossessed cars. There are also other alternatives. You ca (MORE)

What is the best time to buy a car?

I am a buyer and have been researching this question. Here aremy findings and most experts, bankers, salespeople... agree: if youare not particular but want a really good deal, buy last year'sleftover models in early spring. Next best time is betweenChristmas and New Year when people are short on ca (MORE)

What is the best time to buy a used car?

The end of each month is a good time to buy a car because many of the lots want to get rid of their inventory. Also just before Christmas or the beginning of a new year. Just before Christmas is slow, and the beginning of the year the new models are coming out and they want to get rid of the older o (MORE)

Can you buy another car before your car gets repossessed?

O' yea, that is a brilliant idea. If you can afford to buy another car, then you can afford to pay for the one you agreed to pay for. Make the payments on the car you now own, and your problems will disappear. Stop being stupid and trying to work the system. They loaned you money in good faith. You (MORE)

How much time do you have before your car is repossessed?

Answer . \nDepends on the contract you signed and the state that you live in. Some states require a 15 or 20 day Right to Cure letter be sent to the debtor prior to repossession and some states allow the vehicle to be repossessed the day after you miss your payment.

Can you buy another car after a repossession?

Answer . \nYes, you can. My father did this. The thing is, you get a really high interest rate. You could try to have someone co-sign to get the interest rate down a little.. Answer . Yes but why would you want too??save your money and buy a used car outright.Then\nthere are no car payment (MORE)

Is there a time limit for repossessing a car?

Answer . Unless you have a payment plan figures out with your loan company(I.E. i can pay 100 this month instead of 200) they will usually wait 90 days to proceed with the repossion process.

What is the time frame for a repossession on a car in TN?

Answer . \nRepossession is a complicated situation. The more the consumer knows the less power a Repoman has. Why? Because a Repoman has NO power or jurisdiction.\n. \nEverything a Repossession Agent(more acceptable term)says or does is based on outsmarting the debtor. The contract you signed w (MORE)

Can you still buy-lease a car after 2 cars repossession?

No. Unless you go to one of the dealers that offer a little box on the dash board that requires payment to run. Total rip off. A repossessed vehicle will stay on your credit record for 7 years. Due the recent economy no one will get you a new car loan or lease. Your best bet is save mnoney and pay c (MORE)

What is the best time of year to buy a used car?

Answer . \nBest time is at Christmas. Usually sales are slumping during December do to everyone shopping for Christmas. I bought a used car on Christmas Eve at a great discount becasue the sales manager just wanted to hear the cash register ring once during the day.

When is the best time to buy a car?

The best time to buy a car is at the beginning of spring because it is easier to take care of when there is no snow. If you live in the south where it never snows, you can buy it anytime during the year. when you get you income tax.

What is the best course of action when your car is repossessed?

Answer . You should have taken care of this before it went this far. But as you did not, you may still have a chance to get the car back. If you hid the car to avoid repossession, trashed the car, or lied on your credit application, you are probably out of luck. You know that they are going to s (MORE)

What is the time frame to repossess a car in Texas?

Under Texas law, a vehicle may be repossessed even if payment wasonly late for 10 days. This means that is payment was due on thefirst day of the month, and payment has not been settled on thetenth, then, vehicle will be repossessed on the eleventh.

Where in Western New York can you buy a repossessed car?

First off buying a repossessed car is a horrible idea. You are buying a car that someone could not even make payments on. Do you think they took care of this vehicle? Do you think it was serviced regularly, the oil/filter were changed, and anything else necessary was done. More than likely the car w (MORE)

What is the catch in buying repossessed cars?

The biggest turn-off when buying Repossessed Car: As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the (MORE)

Where can you buy repossessed cars from?

Repossessed cars can be purchased directly from Banks and Credit Unions. Many larger Banks and Credit Unions will simply send the vehicles off to "dealer only" auctions, but most of the smaller Banks and Credit Unions will offer these vehicles for sale on their websites to the general public. If you (MORE)

What is the law for car repossession for a used car at a buy here pay here dealership?

It may vary by state, but car repo (snatch and run) is against the law in Louisiana. If the repo man shows up wanting you to sign some papers, and has a cop sitting close by, don't worry. By law, if you don't sign that piece of paper, they cannot take your car. (The cop and repo guy are friends, or (MORE)

How can you buy out a leased car when the lease expired and car was repossessed?

When a vehicle gets repossessed it either goes back to the dealer who leased it, or, and more commonly, it is auctioned by the reclamation company. You would need to attend one of these auctions to be able to bid on one, and even then, a lot of times you have to be a licensed dealer to participate (MORE)

Can a buy here pay here car be repossessed?

Even though it is a buy here pay here dealer it is in the contract you signed. You dont pay they will take your car and you WILL have to pay the late payments on top of the repo cost before you get your car returned.

Does buying a repossessed vehicle raise your car insurance?

In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a (MORE)

Best used cars to buy?

I bought 6 used cars in my life, some of them just about to be scrapped and used them for 8-12 years, some are still "alive". Try to find out how many were produced and see how many are still on the road, that is the best way to compare brands/models. Plus, chances are that you will find many chea (MORE)

What is the best car buy today?

The best will be the car will serve your needs the best. If you need a car for driving from home to work only - than think about fuel economy. If you have a children you might consider a minivan. Even if the price is a biggest concern you have to consider your needs fist.

What are the best websites on which to buy a car?

Some of the most popular car-buying websites include: autotrader.com, Craigslist, carmax.com and cars.com. These sites list many cars--typically used--for sale. If you are interested in researching which cars to buy, you should also look at sites such as Edmunds.com, US News and World Report, Motor (MORE)

How many times can your car be repossessed?

After it's been repossessed once, it's not your car anymore, so... once? If it's repossessed and you're able to bring the loan current and redeem the car before it's sold so that you get it back, there's no limitation on the bank repossessing it again should you again fall behind. This could theo (MORE)

When is the best time to buy a car throughout the year?

The best time to buy a new car is in September or October. This is when the new line of cars come out and the dealers must make room for them and you can usually get a good deal on the "leftovers" of the previous year.

What research should one do before buying repossessed cars?

Before buying repossessed cars, you should first research the frequency of repair and maintenance costs on the models in auto-related consumer magazines. You can also ask for the car's maintenance records from the owner, dealer or repair shop.

Can you buy another car even though is repossessed?

If you have had a car repossessed, you have not kept up with thepayments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford topurchase another car and would not be able to obtain the finance todo so.