Getting approved for a car loan with imperfect credit can be stressful. The good news is you don't need perfect credit to get the car you need. At Drivers Lane, we specialize in connecting car buyers with local dealerships in or near Harris County that are ready to help them get the financing they need. Get started today by filling out our free and easy auto loan request form.
A repossession will stay on your credit reports for up to seven years. While the initial hit to your credit score can be rough, your credit can still improve over time so you can get the financing you need.
One of the biggest challenges to getting an auto loan after a repossession is finding a lender in Harris County who can work with you. Generally, lenders want to see at least a year pass since the repossession took place before they'll consider financing you. Most people rely on a car to go about their everyday lives, so being without one for a year can be a challenge. If you need a vehicle immediately, there are some quick options such as visiting a buy here pay here lot or paying cash.
But, if you can prevent a repo from happening in the first place, it's best you do so by contacting your lender and discussing any available options at the first sign of trouble. If this fails and your car was repossessed, Drivers Lane wants to help you get behind the wheel again. Fill out our auto loan request form to get connected to a dealer in or near Harris County that knows how to work through unique credit situations today.