Financing with a Repossession


Auto Loans with a Repossession

Finding an auto dealership that offers financing with a repossession can be a difficult task for many people.

If you live in the Louisville, Kentucky area, you’ve undoubtedly seen advertisements for dealerships who promise exceptional loan terms for people with bankruptcies or auto repossessions.

While some of these advertisers may be legitimate, it is important to recognize companies that overpromise and under deliver.

The purpose of this page is to inform and educate Louisville, Kentucky area drivers about the realities surrounding the process of obtaining auto financing with a repossession. 

Auto Financing With A Repossession Louisville KY Contact

Auto Financing with a Repo – Why Is It So Difficult?

Obtaining financing with a repossession can sometimes seem as difficult as financing with a bankruptcy.

The number of local Louisville area dealerships able, or willing, to help drivers secure financing with a repo is surprisingly small. Few dealerships have the ability to arrange auto loans after a repossession.


To many auto finance companies, a repossession is the most serious financial problem that can happen to a driver. 

Lenders recognize that failure to pay a previous auto loan significantly increases the likelihood of a borrower defaulting on a future loan. Higher default rates = more risk for the lender.

Given the statistics, lenders are naturally more concerned that a borrower may fail to pay on the new proposed loan. Simply put: asking a dealership to approve a car loan after a repossession is similar to asking a bank to approve a mortgage after a foreclosure.

Louisville KY Auto Financing With A Repo

Louisville, Kentucky’s #1 Special Finance Professionals

As one of the oldest and largest family-owned auto groups in Kentucky, Oxmoor Auto Group’s special finance department understands the difficulties of achieving financing with a repossession.  

We’ve built a strong network of diverse lenders ready and willing to help local drivers. Whether your repossession occurred because of a bankruptcy or you simply ran into financial distress, our team of Special Finance Advisors can explain the financing process to you in clear, easy-to-understand terms.

Our rapid approval process is very simple. It takes only moments to complete. Click on the link below to get started.

Application Auto Financing With A Bankruptcy Louisville KY

Still have Questions?

Click the phone to speak with a Special Finance Advisor now!