So, if you have had a previous repossession, you may wonder if you can get a new car loan. It is possible, not entirely off the cards for you, but it will come with limited options, and you can expect high interest rates too. A repossession will typically drop your credit score by roughly 100 points, severely impacting your credit and staying on your report for 7 years. Depending on the state of your credit score, the options you have will differ. For example, someone who had a perfect credit score before the repossession may have more options than someone who had a poor to moderate credit score before the repossession.  Each case is unique.