Are you interested in securing an auto loan in Erie, PA with bad credit or no down payment? We match you with loan creditors who frequently approve car loans for consumers in Erie, PA. Once you submit your application online, we’ll do our very best to put you in touch with the ideal car loan company, taking into consideration such factors as:
- Where You Are
- Your Credit Rating
- Your Income
- Your Down Payment
In Erie, the average monthly income is $1,163. The average credit rating is 696. The better your fico scores, the better your interest rates.
Nearly all auto loan lenders require you to have a solid job with $1500 income per month, and your level of existing debt, including your car loan, shouldn’t be more than half of your wages. In Erie, Pennsylvania, this comes out to $582, on average. Don’t meet these prerequisites? You might still meet the criteria with a co-signer, more money down, or via buy here pay here car lots in Erie, PA.
In terms of Pennsylvania auto loans, it is best to devote just 18-20% of your monthly income for your car payments, fuel, and maintenance. For the typical Erie resident, this equates to $209 to $233 monthly. With fuel prices rising, you should get an easily affordable car that delivers decent fuel economy. Often, obtaining a used car in Erie, PA is smart. Used vehicles are much less expensive to purchase, and they depreciate much less rapidly than brand new cars and trucks.
Bad Credit Auto Loans: Erie, Pennsylvania
Need to buy a car in Erie, PA with a bad credit score? In Erie, PA, the normal shopper has got a credit rating of 696, which is itself ordinarily thought of as less than perfect credit. This means a whole lot of individuals are in need of bad credit car loans in Erie, PA.
Fortunately for everybody who is searching for a car loan in Erie, Pennsylvania with bad credit, we can often match you up with lenders who don’t instantly refuse individuals with unfavorable credit ratings.
Many auto finance sites claim that all applicants are approved. This is untrue. These are the facts: we are able to get 35-40% of our applicants the auto loan they need.
Buying a Car Without Any Credit Check in Erie (PA)
In Erie, Pennsylvania, buy here pay here financing has become more common.
These dealerships go by a few different names:
- In House Financing Car Lots
- Bad Credit Car Dealerships
- Tote The Note Dealerships
These types of car loans are often provided with no credit check. Alas, there are several significant drawbacks. We would be remiss not to bring up:
- Exorbitant Rates Of Interest
- Substantial Down Payments
- High Mileage Used Cars and Trucks
Always explore any PA in house financing dealership online. You’ll want to find a friend or relative who has purchased a vehicle from them before. Ask them whether or not they had a good experience.
Erie (PA) Used Car Lots That May Offer Auto Loans
- Barber Jack D Autos, 3701 W 12th St, 16505
- Bianchi Mitsubishi, 5305 Peach St, 16509
- Arrowsmith Automotive, 1310 W 38th St, 16508
- Cooks Auto Sales & Service, 5675 Wattsburg Rd, 16509
- Bayview Auto Sales Inc, 2602 West 12th St, 16505
- Bianchi Honda, 8430 Peach Street, 16508
- Bob’s Irresistible Auto Sales, 2603 Perry, 16504
- Direct Auto Network, 4055 West 12th Street, 16505
- Deluca’s Tim Auto Sales Inc, 2670 West 12, 16505
- Bargain Auto Sales, 2817 Buffalo Road, 16510
- Anthony’s Auto Sales, 1602 Pittsburgh Avenue, 16505
- Cherry Street Auto Sales, 563 West 26, 16504
- Bizzarro’s Used Cars, 5462 Peach Street, 16509
- Brown AV Auto Sales & Service, 1302 West 26th Street, 16508
- Elite Motor Car, 129 East 26, 16504
- Erie Auto Sales, 1435 Buffalo Road, 16503
- Bayview Auto Sales Inc, 2602 West 12th Street, 16505
- Discount Auto Sales, 2004 Rudolph Avenue, 16502
- Bob’s Service & Sales, 1001 East Av, 16503
- Contemporary Motorcar, 4910 Peach St, 16509
- Auto Express Isuzu, 10320 Wattsburg Rd, 16509
- Car Factory, 50 East 26th Street, 16504
- Bayfront Automotive Inc, 3041 West 26th Street, 16506
- Ford Rent-A-Car System, 2502 W 26th St, 16421
- O’Baker’s Mini Self Storage, 5520 W Ridge Rd, 923
- Gary K’s Auto Sales, 3407 Peach St, 923
- Bianchi Honda, 8430 Peach St, 923
- Patriot Motors USA, 1223 W 28th St, 16509
- New Motors Kia – New & Used Cars, 8670 Peach St, 16509
- Lakeside Auto Sales & Service, 4844 Buffalo Rd, 16509