Auto Loans in Butler (PA)

Need a car loan as soon as possible? We can help. A growing number of lenders and dealers have whole departments dedicated to web-based applications, and we can help you arrange your loan right from your computer. Apply online, and the dealers and lenders in our network compete against one another to fund your loan.

Have you got a FICO score of 620 or less? Poor credit isn’t an issue. We have lenders and dealers who work with FICO scores of 620 and less, and they want to grant you your Butler auto loan. A down payment, as well as monthly income of $1500 per month will typically be considered necessary; however, most users are approved right away. Let us get you approved for financing by a bad credit car dealership in your area – and also, since we’re compensated by the dealers themselves, it’s free! It’s a simple process. Just submit your application online.

Factors like credit and income have an effect on how much you can borrow. Below, we’ve outlined how much applicants of differing credit ratings can finance, given an income of $2,293 monthly, which is the average for Butler residents. Please bear in mind that these are only estimations.

Credit Score Income Factor Amount
Great Credit 10 $22,930
Fair Credit 9 $20,637
Subprime Credit 8 $18,344
Poor Credit 7 $16,051
Really Bad Credit 6 $16,051

Simply because you can borrow this amount, doesn’t mean you should. A smaller loan is recommended, because it will put less strain on you from a financial standpoint.

Butler Auto Loans, No Money Down?

We do have lenders in our network who don’t require borrowers to provide a down payment. That said, providing a down payment gives you substantial advantages:

  • Reduces the length of the loan, meaning you pay less in interest.
  • Decreases monthly repayment.
  • Safeguards you against the risks of an underwater loan.

That said, our lenders and dealers understand that down payments are particularly problematic these days. We get clients financed all the time, despite issues with their credit and down payment. Apply now!

Buy Here Pay Here Dealerships in Butler

If you have serious credit problems, then you probably are at least aware of buy here pay here car lots. Consumers who have been unable to get approved for financing due to serious credit problems often turn to these types of car lots. Of course, the interest rates are high, but there aren’t many obstacles to approval.

Butler-Specific Financial Profile

Truth be told, there is more to auto financing than just your credit score. Lenders review your income, stability, and individual credit history.

Here are some average statistics for Butler residents.

  • Average Salary: $27,511 Per Annum
  • Average Monthly Payment: $252 (11% of Income)
  • Suggested Monthly Payment: $183 to $229 (8%-10% of Income)

Next we have broken down Butler’s population by credit rating. These are just estimations, but they should give you an idea of where you stand.

FICO Score % of Population Residents
300-499 2% 1161
500-549 5% 2902
550-599 8% 4643
600-649 12% 6965
650-699 15% 8706
700-749 18% 10448
750-799 27% 15671
800-850 13% 7545

Fortunately, we can help virtually any applicant who has an income of $1500 per month or higher, no matter what their credit score is.