Auto Loans in Pottstown (PA)

Why waste your time trekking from one lender to another, trying to secure financing? No matter credit, we can get you financed faster. We’ve been in the automotive business since 2009, developing a deep network of lenders and dealers who are standing by, ready to approve you for financing. The application itself is easy to understand, and we’ve made sure it asks less information than other services.

Credit Scores Classified as Subprime

Do you have a FICO score of 620 or less? Below-average credit is rarely a problem. There’s no minimum FICO score to worry about, and we can help applicants in all of the subprime credit tiers. A down payment, as well as income verification will typically be considered necessary. Fortunately, of our clients are approved nearly instantly. Let us get you approved for financing from a bad credit car dealer in your area – today! Apply Now!

It’s easy to estimate the amount you can borrow. Simply multiply your monthly income by the income factor associated with your credit score. We’ve included such an estimation, based on the average income of Pottstown residents, $4,201.

Credit Income Factor Loan
Excellent Credit 10 $42,010
Decent Credit 9 $37,809
Temporary Bad Credit 8 $33,608
Poor Credit 7 $29,407
Terrible Credit 6 $29,407

Simply because you’re able to borrow such an amount, doesn’t mean it’s a good idea. A smaller loan is a good idea, because it will be less of a financial burden.

Down Payment: Do I Need One?

No down payment? No problem. That said, providing a down payment affords you substantial benefits:

  • Shortens loan, meaning you pay less in interest.
  • Decreases monthly repayment.
  • Protects you against negative equity.

With that said, you don’t need a down payment to apply. Our application placement system will probably be able to find you a dealer, bank, or lending company who’s willing to accept you, even though you can’t put any money down.

If you are thinking of working with a buy here pay here dealer in Pottstown, due to bankruptcy or repossession, then keep in mind that a down payment will probably be required. Consumers who cannot secure a loan because of seriously bad credit often wind up at these types of car lots. Everything is paid to the dealership directly, and the vehicles are normally less than $10,000.

Credit and Income: Pottstown

Dealers and lending companies are worried about more than just your credit score. Lenders check your income, employment history, and individual credit history.

Listed here are average statistics for Pottstown residents.

  • Pre-Tax Salary: $50,411 Annually
  • Average Car Payment: $462 (11% of Income)
  • Recommended Car Payment: $336 to $420 (8%-10% of Income)

Below-average credit. It’s pretty common these days in Pottstown and across Pennsylvania. This chart shows the estimated number of Pottstown residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 1125
500-549 5% 2813
550-599 8% 4501
600-649 12% 6752
650-699 15% 8440
700-749 18% 10128
750-799 27% 15192
800-850 13% 7315

When you are ready, we can help you find bad credit car loan in Pottstown you need. It’s easy to apply online.