Auto Loans in West Chester (PA)

Don’t go driving from lender to lender, applying for financing. We can get you financed faster. More and more lenders and dealers now have whole departments committed to online approvals, and we can help you line up your loan right from your computer. This is how our system works:

  1. Take a few minutes to complete our online application.
  2. Log in to your inbox for your approval status.
  3. Speak with your dealer rep about your rate of interest and terms.
  4. Sign your agreement.
  5. Finally, buy your vehicle from a dealer in the area.

Sounds simple, right? It truly is!

Ready to get started? Go here to submit your secure application.

FICO Scores Considered Subprime

Below-average credit? No problem. We help applicants with credit problems – it’s what we do. We have lenders who work with credit scores of 620 and lower, and they are ready and willing to grant you your West Chester auto loan. Sure, the APR on your loan would be lower if you had a credit score of 700 plus, so it’s imperative that you purchase an economical vehicle with easily-affordable monthly payments. If you have bad credit, you’ll probably be approved by a dealer or lender in West Chester that specializes in subprime credit. Companies like these submit information to the credit reporting agencies. This is imperative if you want to re-establish your credit. Apply Now!

How much will you be able to borrow? That will be dictated by your income and credit score. Below, we’ve quoted loan amounts for people of a variety of credit tiers, given an income of $2,316 per month, which is the average in West Chester. Bear in mind, these are only estimates.

Credit History Income Factor Amount
Excellent Credit 10 $23,160
Fair Credit 9 $20,844
Slow Credit 8 $18,528
Bad Credit 7 $16,212
Really Bad Credit 6 $16,212

Keep in mind, these are just estimates. For a precise quote, please submit your application.

Down payments are payments made at the time that you purchase your new car or truck. They tend to be required of people who have a substandard history of debt payment. The reason is simple: financing consumers with below-average credit is a much riskier process, and a down payment makes sure that some percentage of the vehicle’s value has been secured. What’s promising is, as the economy improves, more and more lenders and dealers should be able to offer auto loans with no money down.

Our approval platform can probably find you a dealer, bank, or finance company who wants to fund your loan, regardless of whether you have a down payment or not.

The majority of buy here pay here car lots consider down payments obligatory. Dealers like these finance consumers who cannot get approved any place else because of poor credit. Payments are made to the dealership, often at the lot, and the cars and trucks for sale are typically $10,000 or less.

Credit and Income: West Chester

Dealers and lending companies are interested in a lot more than just your credit score. Lenders review your income, employment history, and debt repayment history.

Listed below are average statistics for West Chester residents.

  • Average Income: $2,316 Per Month
  • Average Car Payment: $255 (11% of Income)
  • Ideal Monthly Payment: $185 to $232 (8%-10% of Income)

Next we have a breakdown of West Chester’s population by credit rating. These are just estimates, but they should give you a general idea of where you stand.

FICO Score % of Population Residents
300-499 2% 1958
500-549 5% 4894
550-599 8% 7830
600-649 12% 11745
650-699 15% 14681
700-749 18% 17618
750-799 27% 26426
800-850 13% 12724

If you’re in one of the lower ranges, don’t fret. We can still help you get approved.