how and when can I finance a car after I have had one repossessed.?

I had my car repo'ed in August becasue of a clause in the contract about moving to another state. I want to finance a new car but don't know the best route to take.

Public Comments

1. They repo'ed your car just because you moved to another state? If you were willing to keep payments on the car and were current, I would find a lawyer to see what my rights are about your contract. Just because of the conditions, I believe that you can do something to keep from hurting your credit. I would start by searching this website under consumer - law. I have also included the link to the government website that allows you a totally free credit report to each of the credit reporting agencies once a year. Use them as you like get all 3 at once or spread them throughout the year. This is you right, freedom and your life.
2. The only way a car would get repossessed is if YOU DON'T MAKE THE PAYMENTS AT ALL OR ON TIME. to add to that, you move to another state without telling the finance company (who are the legal owners of your car till you pay them back in full). There is NO WAY in hell they should have repossessed your car just because you "moved to another state". There's something NOT right here. They weren't suppose to do that (unless your leaving some parts of the story out). Anyway, if you want to get another car, YOU CAN, at anytime, no problem. Here are the things you need: CO-SIGNER (who has a decent job & reliable income) DOWN PAYMENT (cash, the dealer will ask $3,000 or more) COLLATERAL (something of yours that's worth the same value or more then the car your buying) Also, they will NOT hesitate to sell you a USED car. A person walking into a dealership with bad credit (history of repossession) is usually pressured to purchase a used car at an extremely HIGH interest rate & ticket price. Don't start hating now, because that's the price you pay for getting a repossession. It's a really BIG dent on your credit history. No one will trust you with financing, they will NOT lend you a dime without the support of a reliable co-signer. Bad credit merely shows that you don't care enough to pay your bills on time. So, before you think about buying a new one, it's best to be smart about it, gather up all your facts together, try & get yourself a co-signer if possible, usually these days, people are afraid to co-sign, once you mention that word, they pull away, because co-sign is a red flag for "bad credit". No one wants to get stuck paying your bills in case you "move to another state" again. I suggest you DON'T finance any car, don't plan to for another 10 years (the exact time it takes for repossession to clear from your credit history). The only choice you really have right now to get a new car is if you have the money to pay it in full & in CASH.