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Repo Car Loans

Work to re-establish your credit with a repo car loan.

If you’ve had a car repossessed or have credit score issues, getting a new car loan may seem challenging. With Red River Credit Union, you may still be able to obtain a flat rate interest repo car loan to help you reestablish your credit. We even offer repo loans for RVs and other vehicles. Get back on the road sooner than you think.

Allow us to customize a loan to fit your needs with features such as:

  • One flat interest rate (with approved credit)
  • Easier credit qualifications
  • Fast approval times
  • Flexible loan terms
  • Easy eSign service*

*Some restrictions apply.

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Repo Car Loan Rates

Red River Credit Union works to provide our members with a rate often lower than our standard used auto loan rates. The better your rate is, the more affordable your monthly payment can be, and the less you’ll spend to buy your next vehicle.

Repo Auto Loans are treated differently at Red River Credit Union. For a standard used auto loan, credit qualification can impact the interest rate charged to you. With a repo loan, you’ll receive the same great rate regardless of credit score* or year model.

*Repo loan term based on year model (auto). Rate subject to change without notice. With approved credit.

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Repo Car Loan Resources

Red River Credit Union aims to educate you on all of the options available. We’re dedicated to providing you information on terms and features that may make financial management a bit easier. Check out these resources available to you.

Repo Car Loan Frequently Asked Questions

Do I qualify for a repo car loan?

Members with low or no credit, or with a repossession on their credit report may find some lenders limit access to new or used car loans. At Red River Credit Union, our team works to maximize your access to repo car loans. Your ability to obtain an auto loan depends on various factors, including your income, credit score, and the vehicle itself.

Can I get a vehicle loan on a car that’s been repossessed?

If you wish to purchase a car that’s been repossessed, our loan specialists will work with you to ensure you gain access to your best used auto loan options. If you want to purchase a repo from Red River Credit Union, be sure to ask a loan specialist about our special repo rate. All Red River Credit Union repo vehicles are sold in “as is” condition with no written or implied warranties or guarantees outside of any applicable manufacturer's warranties. These restrictions are common for most repos outside the credit union, too.

Find Out If You Qualify For A Repo Car Loan Now

Are you ready to learn if you qualify for a repo car loan? Red River Credit Union’s loan specialists are always just a phone call away if you have questions during the application process.

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Lending Options To Meet Your Financial Needs

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Checking & Savings Options To Meet Your Financial Needs

Not signed up for Online Banking? CLICK HERE, call us at 903-735-3000 / 800-822-3317, or visit a local branch to get started.