Auto Loans in Easton (PA)

We understand that financing a car can be stressful, and we’re here to help. Each and every lender has their own approval criteria, so it’s crucial that you find one willing to approve your credit. Submit your application, and the dealers and lenders in our network compete against each other for your business.

Dealerships in Easton That Accept Bad Credit

Below-average credit is rarely a problem. We have lenders and dealers who work with low credit scores, and they want to approve you for financing. Generally, loan companies do require individuals with subprime credit to provide a down payment. Fortunately, of our clients receive their approval within minutes. And, keep in mind, paying off a car loan can help boost your credit scores. So let us find you a dealer that funds loans for people in Easton with credit problems.

Estimating how much you can borrow is pretty easy. Simply multiply your monthly income by the income factor associated with your credit score. We’ve included an example, based on the average income of Easton residents: $2,622.

Credit Income Factor Sum
Good Credit 10 $26,220
Decent Credit 9 $23,598
Slow Credit 8 $20,976
Bad Credit 7 $18,354
Very Bad Credit 6 $18,354

Again, these are just estimates. For a precise quote, you must submit your application.

Can You Finance a Car with Zero Money Down?

Down payments can be made in cash or via trade-in, and typically are priced between 5-20% of the vehicle’s price. They are sometimes required of individuals with a substandard history of debt repayment. When dealing with subprime credit, lenders are concerned with the Loan-to-Value Ratio, or LTV. Divide the amount of the loan by the wholesale value of the vehicle. This is the LTV.

Amount Financed Vehicle Value LTV
$7500 $10,000 75%
$10,000 $15,000 67%
$15,000 $17,500 86%
$17,500 $22,000 79%
$20,000 $25,000 80%

The lower the LTV, the less risk for the lender. No down payment? Don’t worry. We get a lot of clients an approval, even with their lack of down payment.

Our approval platform can probably find you a dealer or lender who wants to fund your loan, regardless of whether or not you can put money down.

Nearly all buy here pay here car lots do require a down payment, often a significant one. Dealers like these approve car loans on the lot, instead of relying on banks or finance companies. The loan rates are steep, but acceptance is often guaranteed.

Easton-Specific Credit, Income Numbers

Credit scores are just part of the picture. Lenders consider your ability to pay (income), employment history, and credit history.

Listed below are some average statistics for residents of Easton.

  • Gross Income: $31,461 Annually
  • Average Car Payment: $288 (11% of Income)
  • Ideal Car Payment: $210 to $262 (8%-10% of Income)

If you have a low credit score, you aren’t the only one. This chart depicts the estimated number of Easton residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 1395
500-549 5% 3489
550-599 8% 5582
600-649 12% 8373
650-699 15% 10466
700-749 18% 12559
750-799 27% 18839
800-850 13% 9071