Auto Loans after Repossessions n O’Fallon / St. Charles County

December 3, 2015  

Even if you surrender your vehicle voluntarily, a repossession is generally not a positive experience. Regardless of the origin of the repo, it is important evaluate your finances. It is likely that you will need reliable transportation at some point and you must determine how you will pay for it. Believe it or not, it is possible to finance a car after having one repossessed.  There are available auto loans after repossessions in O’Fallon / St. Charles County.

Auto Loans after Repossessions n O'Fallon / St. Charles County

If at all possible, you should continue to pay the balance on the car that was repossessed. Even if your auto has been repossessed, you should make every effort to pay the balance due on it. Disregarding the debt can lead to issues with big expenditures in the future. Nonpayment of a debt together with a repossession are quite challenging to overcome.

Sending a letter explaining the situation leading to your repo to the credit bureaus can sometimes help, as well. If this is the only bad mark on your credit report, the credit bureaus may look at your credit requests more favorably. Obtaining a copy of your credit report from will aid you in realizing exactly where you are situated financially before making a large purchase.

Ideally, it is best to wait as long as possible after your repo before trying to finance another car. The longer you can wait, the better chance you have to increase your credit score.

Talk with a sales person at 5 Star Auto Plaza about your credit and transportation requirements at (636)940-7600. We proudly offer auto loans after repossessions in O’Fallon / St. Charles County.

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • 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
  • St Charles Auto Dealership

    Review Your DealerExcellent, top notch service! We were treated with respect and they listened to our needs 100%- Will be back Read More
  • St Charles Trucks For Sale

    Review Your DealerI am glad I chose 5star Auto Plaza for my vehicle purchase. Read More
  • St. Charles Auto Loans

    Review Your DealerReally good people who are out to help people get in position to help themselves. Read More
  • St Louis Cars For Sale

    Review Your DealerGreat person to help with purchasing a car. Friendly and very professional. Thanks for all the help. Read More
  • St. Louis Bad Credit Auto Financing

    Review Your DealerChris King was very informative about establishing my credit. Very informative on credit building. I was very pleased with customer service in the entire building. They kept me laughing. 5 Star Auto Plaza, you ROCK! Read More
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

    Read More
    Consumer Satisfaction Reward
    Powered by Top Marketing Agency     |     Sitemap | Privacy Policy