Auto Loans after Repossessions in St. Louis / St. Louis County

October 23, 2015  

Having your vehicle repossessed is not only traumatic, it leaves you without the transportation you need to travel to and from work and for family obligations. There is hope, however. Many lenders and dealerships are pleased to offer auto loans after repossessions in St. Louis / St. Louis County. Selecting a dealer who specializes not only in pre-owned SUVs, trucks, cars and mini-vans but also a variety of financing options is highly beneficial as it provides the convenience of “one-stop shopping.”

Auto Loans after Repossessions in St. Louis / St. Louis County

Ideally, you should plan ahead before purchasing your “new to you” auto.

  1. If at all possible, wait as long as you can after your repo to buy a used car. A year or more is optimal. This allows your credit time to begin repairs and improvement.
  2. Begin to rebuild your credit by acquiring a low balance credit card. Be sure to pay off your balance each month.
  3. Even after your vehicle has been repossessed, pay off the remaining debt. This will be a tremendous positive on your credit report.
  4. On your new car loan application, write an explanation of the circumstances surrounding your repossession. Dealers appreciate your being honest and up-front about your past financial issues.
  5. Get a copy of your credit report and review it carefully.
  6. Reduce your debts by paying off the smaller ones first.

Consult an experienced sales professional at 5 Star Auto Plaza today at (636)940-7600 to elaborate on your particular vehicle requirements and learn details about our auto loans after repossessions in St. Louis / St. Louis County.

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • St. Charles Used Cars

    Review Your DealerThey did me a great deal by working with  me on my trade in. I got into something I actually wanted and didn’t break the bank. Read More
  • St. Charles Used Cars

    Review Your Dealer5 Star Auto Plaza even won my husband over with their sales techniques. There was no high pressure tactics or belittling us. I was also impressed with all the clean cars and their selection. I would go back without hesitation. Read More
  • Chesterfield Used Cars

    Review Your DealerI made an appointment at 5 Star Auto Plaza. They showed me the car and gave me a test drive. They were  very friendly, courteous, and didn’t try to hard sell me. The car sold itself, yet they made the experience easy. Read More
  • St. Louis Used Cars

    Review Your DealerI found the gentlemen  I dealt with at 5 Start Auto Plaza quite respectful and seemed to really have my best interest at heart . My salesman really worked with me on picking out the perfect car for me. I appreciated the personalized approach he offered. Read More
  • O’Fallon Used Cars

    Review Your DealerDidn’t have to go through a big deal on getting a deal. I told them what I thought the car was worth and they worked with me to get me there. Read More
  • St. Peters Used Cars

    Review Your DealerI  wanted a new car for myself so I started checking out some cars online. I found a Lexus LS430 and decided it was the perfect car for me, I just needed to find the right priced one. I found one at 5 Star Auto Plaza, they worked within my budget and I got the car [...] Read More
  • St. Louis Used Cars

    Review Your DealerThey gave me a great price on my trade in and the overall price was very fair according to blue book. I am more than pleased with how the service was here. Read More
  • St. Charles Used Cars

    Review Your DealerFriendly faces and attitudes made all the difference for me from past experiences. They even detailed my suv upon delivery. Great experience. Read More
  • St Charles Used Cars

    Review Your DealerLast summer I purchased a F150  from these guys.  After looking at several local dealerships, I found 5 Star Auto Plaza had the best prices, they had honest sales people and a great selection.  My truck is a great, it runs perfectly and it we absolutely love it!   Read More
  • St. Louis Used Cars

    Review Your DealerRecently after filing for a bankruptcy, our SUV broke down so we need a new family car.  We were really concerned after being turned down by another local auto dealer and our bank for a car loan due to our lack of credit after the bankruptcy.  We were truly elated to find 5 Star Auto [...] Read More
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