PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I still get a car loan with a repossession?
My car was repossessed when I was younger. I’ve been borrowing a friend's car and doing those rental rides and leasing. But it’s all adding up, and I’d like to have my own car now. My credit’s still pretty bad, though—it’s under 660. Can I get a car loan? What are my options?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear about your repossession, but don’t worry. You can still get a
car loan
, although it may be difficult, and you will probably have higher interest rates. When you have low or bad credit you should look into:
- Subprime lenders (aka bad credit lenders). These lenders will work with people who have a repo on their application if it’s over a year old.
- Finding a cosigner for a loan from a traditional lender (banks and credit unions).
- Seeing if your current bank or credit union would offer you favorable rates
- Building up your credit some more before you take out an auto loan
A repossession can take about seven years to come off of your credit report.
In order to secure a car loan, you’ll also need to have car insurance. With the
Jerry
app, you can compare competitive quotes from over 50 top insurance providers.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies