Auto Loans in Williamsport (PA)

Do you need to get approved for financing, the sooner the better? We can help. We have relationships with dealers and lenders in Williamsport and across Pennsylvania who want to get you behind the wheel of a new vehicle – this week! Apply online, and the dealers and lenders in our network compete against one another for your business.

Dealerships in Williamsport That Work with Bad Credit

FICO scores of 620 or less are generally deemed subprime or bad credit, but our service is uniquely-suited to consumers with less-than-perfect credit. There are three individual credit tiers usually considered “bad credit”:

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

Whatever your score, there are lenders that want to give you a second chance at financing. A down payment and monthly income of $1500 per month will often be required, but most of our clients receive their approval nearly instantly. We can find a dealer in Williamsport who’s willing to work with your credit – today! Apply Online!

The chart that follows depicts a wide array of loan amounts, based on a monthly income of $1,369, the average in Williamsport. These sums are just estimates. You may qualify for a different amount. Speak with your vehicle finance specialist for more information.

Credit Income Factor Amount
Good Credit 10 $13,690
Fair Credit 9 $12,321
Slow Credit 8 $10,952
Poor Credit 7 $9,583
Terrible Credit 6 $9,583

Remember, these are just approximations. For a precise quote, you must submit your application.

Do I Have to Offer a Down Payment?

We have many lenders in our network who offer financing with zero money down, even for people with bad credit. However, a down payment is recommended for a number of reasons: it minimizes your monthly payment, interest paid, and risk of negative equity. The ideal down payment is 20% for a new vehicle, and 10% for a pre-owned one.

With that said, you don’t need a down payment to submit an application. Our approval platform will probably find you a dealer or lender who wants to get you in the driver’s seat, regardless of whether you can put money down or not.

Buy Here Pay Here Car Dealers in Williamsport

If you have serious credit problems, then you most likely are familiar with buy here pay here financing. These dealerships approve car loans on site, rather than relying on banks or lenders. Without a doubt, the rates are higher, but there are few obstacles to approval.

Credit and Income: Williamsport

Contrary to popular belief, there is more to auto financing than just your FICO score. Loan companies review your ability to pay (income), employment history, and debt repayment history.

Listed below are average statistics for Williamsport residents.

  • Gross Salary: $16,429 Per Year
  • Average Monthly Payment: $151 (11% of Income)
  • Suggested Monthly Payment: $110 to $137 (8%-10% of Income)

Have you ever wondered about the credit ratings of your friends and neighbors? We have calculated how many Williamsport consumers are in each credit tier.

FICO Score % of Population Residents
300-499 2% 1146
500-549 5% 2865
550-599 8% 4584
600-649 12% 6875
650-699 15% 8594
700-749 18% 10313
750-799 27% 15470
800-850 13% 7448

Regardless of where you find yourself on this chart, we can help. We work with borrowers of all credit scores and income brackets. That’s our primary goal.

If you’re ready, we can help you get the Williamsport bad credit auto loan you need. Go here to submit your application.