Auto Loans in Harrisburg (PA)

Need to finance a car in Harrisburg for work, school, a growing family? We can help. Our vast network of Pennsylvania dealers and lenders is standing by, waiting for your application. When you apply online, we will match you to a lending specialist given your location, your income, your down payment, and other factors. This specialist will guide you through the financing process, from interest rates to down payments to vehicle selection. After you’ve worked out the specifics, you’ll schedule a time to choose your vehicle from a lot in your area. We’ve been helping people secure auto loans in Harrisburg and Dauphin county for years.

Dealers That Accept Bad Credit in Harrisburg

Harrisburg has been rated as one of the top 3 best places to raise a family in the US, but like any adolescent, a growing family often experiences growing pains in the form of financial stress and credit issues. Fortunately, subprime credit is rarely a problem in our system, because we have forged relationships with dealer networks and lenders who cater to subprime borrowers just as if they had super prime credit. In fact, you could say bad credit car loans are one of our specialties, as we serve clients in each of the three principal bad credit credit tiers:

  • Tier 3/C: 580-660:  10-17% APR
  • Tier 4/D: 520-580:  14-18% APR
  • Tier 5/F: 250-520:  18% APR or higher

The interest rates listed above are merely estimates, and not intended to be representative of what to expect. To be sure, the APR on your loan would be lower if you had a credit score of 700 or higher, but that’s no surprise. Regardless of your score, we have lenders that want to give you a second chance at financing. Don’t delay. Let us find you a dealership that finances bad credit – today! Apply Online!

The table below shows how much you can borrow, based on a monthly income of $1,039, the average in Harrisburg. These sums are simply estimates. You may be eligible for a greater or lesser amount, depending on other factors. Speak with your vehicle finance specialist for more information.

Credit Score Income Factor Amount
Excellent Credit 10 $10,390
Average Credit 9 $9,351
Slow Credit 8 $8,312
Poor Credit 7 $7,273
Really Bad Credit 6 $7,273

To see your own loan amount, multiply your monthly income by the applicable income factor.

Zero Down Auto Loans in Harrisburg?

A number of our dealers work with people in Harrisburg who don’t have a down payment. However, a down payment is recommended for a number of reasons: it reduces your monthly payment, the amount of interest, and problems with negative equity. Listed here are the suggested down payments for new and pre-owned vehicles, given an example sticker price of $10,390.

  • Used Vehicle: 10%:  $1039 down payment
  • New Vehicle: 20%:  $2078 down payment

That being said, today’s lenders and dealers realize that down payments are hard to come by in this economy. Simply indicate your down payment amount when you submit your application, and we will probably find you a dealer or lender who can accept you, even if you don’t have a down payment.

In House Financing Car Dealers in Harrisburg

If you’ve experienced a bankruptcy or foreclosure, you’ve perhaps considered working with a buy here pay here car lot in Harrisburg. Customers who have been unable to secure a loan due to serious credit problems often turn to car lots like these. Without a doubt, the rates are high, but there are a lot fewer hurdles to credit acceptance. Still, you really should be wary of these dealers. Their reputation for hoodwinking consumers is well-earned, and they largely sell high-mileage vehicles with massive down payments and extortionate interest rates. Chances are, you’d have a much better time applying for a bad credit car loan in Harrisburg through us. Go here to apply online.

Harrisburg Consumer Profile

As the state capital of Pennsylvania, Harrisburg employs a lot of residents in governmental positions that help to anchor the economy. In addition, the cities is a small business hotspot, and a growing hub for both the service and tech industries. All of this is important because it impacts the everyday finances of the average citizen, and credit ratings are just part of the picture when it comes to financing. Loan companies evaluate your income, history of employment and residence, and debt repayment history.

Here are some average stats for residents of Harrisburg.

  • Average Earnings: $12,468 Per Year
  • Average Car Payment: $114 (11% of Income)
  • Ideal Monthly Payment: $83 to $104 (8%-10% of Income)

If you have a bad credit score, you’re not the only one. This chart shows how many people in Harrisburg are in each credit tier.

FICO Score % of Population Residents
300-499 2% 3125
500-549 5% 7814
550-599 8% 12502
600-649 12% 18752
650-699 15% 23441
700-749 18% 28129
750-799 27% 42193
800-850 13% 20315