Auto Loans in Levittown (PA)

At Pennsylvania Auto Finance, we’re revolutionizing the approval process. More and more lenders and dealers now have entire departments specializing in online approvals, and we can help you line up your financing right from your computer. Here is how the process works:

  1. Apply through our website.
  2. Log in to your new account to keep track of your application status.
  3. Have a discussion with your finance specialist about your rate of interest and conditions.
  4. Complete any additional paperwork.
  5. Finally, buy your vehicle from a nearby dealer.

Join the many other Levittown residents who can thank us for their financed vehicle!

Subprime financing is our principal focus. There are three individual credit tiers into which subprime applicants fall, based on their particular FICO score:

  • Tier 3/C: 580-660
  • Tier 4/D: 520-580
  • Tier 5/F: 250-520

No matter your score, there are lenders that want to get you into a new car. Yes, poor credit scores result in increased rates of interest, but that’s to be expected. You’ll typically be approved by a bad credit car dealer or auto finance company. These companies report to the credit reporting agencies. This is a prerequisite for rebuilding your credit.

The chart below shows various loan amounts, derived from a monthly income of $3,456, the average in Levittown. These figures are merely estimations. You may be entitled to a different amount. Speak with your vehicle finance specialist for more information.

Credit Income Factor Sum
Good Credit 10 $34,560
Decent Credit 9 $31,104
Slow Credit 8 $27,648
Bad Credit 7 $24,192
Really Bad Credit 6 $24,192

To work out how much you can borrow, multiply your monthly income by the most suitable income factor.

Can You Buy a Car with Zero Down Payment?

Down payments are payments made the day you sign for your new car or truck. They are often required of individuals who have a substandard history of debt repayment. That is because lending to customers with below-average credit is a much riskier proposition, and a down payment means that at least a percentage of the vehicle has already been paid off. That isn’t to say that dealers don’t offer funding for people who don’t have a down payment.

Submit your application. We’ll place your application with a dealer or lender who can offer you a loan, no down payment necessary.

In House Financing Dealers in Levittown

Ever seen dealerships in Levittown that advertise buy here pay here sales? Customers who have been unable to secure financing because of seriously bad credit often resort to these types of car lots. They specialize in helping people with problems like open bankruptcy or repossession on their records.

Levittown-Specific Financial Profile

There’s more to auto financing than just your FICO score. Lenders check your income, stability, and credit history.

Listed below are average stats for Levittown residents.

  • Pre-Tax Salary: $41,466 Per Year
  • Average Monthly Payment: $380 (11% of Income)
  • Recommended Monthly Payment: $276 to $346 (8%-10% of Income)

Below-average credit. It’s fairly common nowadays in Levittown and across Pennsylvania. This table shows the estimated number of Levittown residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 1293
500-549 5% 3231
550-599 8% 5170
600-649 12% 7755
650-699 15% 9694
700-749 18% 11633
750-799 27% 17449
800-850 13% 8401

The good news is, we can help virtually any applicant who makes $1500 or more on a monthly basis, no matter what their credit score is.