How to Buy Used Cars in Wentzville after a Repo

October 4, 2017  

Used Cars in Wentzville

You may think that it is impossible to purchase one of the numerous used cars in Wentzville if your credit is poor but that is actually not the case. While it can be challenging, there are steps that you can take to secure a car loan.

It is even a likelihood that you can acquire auto financing after repossession. While it is in your best interest to wait at least 6 months to a year following your repo to apply for a loan, it is possible to do it earlier.

  • Be certain that you completely understand your credit situation.
  • Know exactly what effects a repo has on your credit.
  • Request copies of your credit reports. Examine them closely to determine their accuracy. Take the necessary strides to repair any errors, as this can raise your credit score.
  • Understand how your credit report and score can affect your ability to get a car loan. Get a pro to explain it to you if there is any confusion.
  • Begin to repair your credit by decreasing your debts. Start paying off your highest debt first.
  • Although it is tempting and may seem like the right thing to do, avoid closing credit card accounts. A lender looks at your available credit and eliminating one or more cards, reduces your existing credit.
  • Be willing to speak with lenders about negotiating rates or terms on your debts. Many companies are willing to help you, particularly if you are a long-standing customer. It never hurts to ask.
  • Start fresh by becoming a responsible payer on your debt. Make at least the minimum payments by posted due dates.
  • Be sure to pay off the current debt on the car that was repossessed and do it as quickly as possible.

It can take time, but by putting forth some effort, you can buy from the many used cars in Wentzville from a reputable dealer like 5 Star Auto Plaza. Call us today at (636)940-7600 to learn how we can work together to get you the transportation you need.

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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