Can I Buy a Car with Multiple Repossessions in My Credit History?

car buyer with multiple repossessions holding keys to car

While having one or more car repossessions can cause setbacks in your credit history, it's not the end of the road. Not only is it possible for you to get approved for vehicle financing after a repossession, you can also rebuild your credit history over time. First, let's take a look at how having a repossession can actually impact your credit.

How can a repossession affect my credit history?

According to Experian, a repossession mark on your credit report can last up to seven years from the original delinquency date.

How can I get approved for auto financing after a repossession?

While repossession can damage your credit, the good news is that the negative impact it has on your credit history can lessen over time. If your credit history contains one or multiple car repossessions, below are some ways you can get back on track in your credit and car-buying journey.

Get Pre-qualified