Auto Loan Question

[spatel]

Hello

I had a 2010 bmw m3 leased brand new in 2010 rode out the 3 year lease, payment on time every month never late, then bought it ou tin Feb 2013 payment on time up to March 2014 when i was hospitalized for 3 months and was unable to keep up on the payments and they repossessed it. I have already made plans to pay them the 5k discrepancy and settle the debt. My question is i want to lease a new m4, i am planning to put down 15-20k. My credit score is 550 right now after repo, my income is 80k gross. 

Would BMWFS even consider giving me a new lease or loan with the large down payment as consideration? or just reject due to the repossession??

Any feedback is appreciated

[Remember0]

They might do it with a large down payment. But if I had to guess, your auto enhanced will be even worse and it'll be a rejection. The only person who can really tell you is the dealer imo. You'd have to go to a dealer and see if you can get an approval. A loan might be doable, but it probably won't be from BMWFS and it'll carry a high interest rate. Because of the amount of money we're talking about, it might make sense to start with the dealer and see what they can offer you.