My Car Lender

Home / Finance / Pennsylvania Auto Finance / Erie (PA) Auto Loans


Car loans permit you to make monthly payments on a car or truck that you couldn’t afford to buy with cash. When you have superb credit, this is a simple process. If you’ve got bad credit, however, it can be a real nightmare. Why would you wait to apply at the bank or dealer when you can get approved right here online?

A local finance expert can walk you step by step through the process, helping you obtain the finance package you need from a finance company near you.

Auto Finance Rates in Erie

These interest rates are only for informational purposes. They’re not advertisements. The rate you’re provided may vary significantly from what’s displayed here.

Credit Score New Car Pre-owned Car
Excellent 3.2% 3.6%
Good 4.4% 4.8%
Average 6.3% 6.8%
Subprime 8.6% 9.9%
Bad 12.0% 13.8%
Very Bad 13.2% 15.1%

Used Car Auto Loans in Erie

You’ll find that the rates for a used car or truck are more expensive than those for a new one. Smart consumers, however, usually go for pre-owned cars. Consider the comparison below, displaying the costs associated with car loans for brand new versus pre-owned cars and trucks.

Age Price Rate Months Payment Interest Total Cost
New $29,500 6.00% 60 $570.32 $4,719 $34,219
1 Year $23,600 7.50% 60 $472.90 $4,774 $28,374
2 Years $20,060 7.50% 60 $401.96 $4,058 $24,118
3 Years $17,051 7.50% 60 $341.67 $3,449 $20,500

It is possible to buy a very good car for the money if you aren’t afraid of a pre-owned car. Listed below are the common limitations on auto loans for used cars:

  • Vehicle not more than 7-10 years old.
  • Mileage no greater than 100,000 miles.
  • Purchased through dealer, not private party.

Bad Credit Car Loans in Erie

Credit score plays a big role in loan approval and interest rate. In effect, your credit score is used to gauge risk. Previous generations had to go from bank to bank, searching for one willing to approve them for financing. Fortunately, the internet has phased out most of this groundwork.

Buy here pay here financing is a second option. The disadvantages are substantial: exorbitant rates and rigid terms. You will be better off getting financed by a traditional bank or loan provider–an option through standard dealers. The interest rates will undoubtedly be more affordable, the terms improved, and you have the ability to re-establish your credit along the way.

Best of all, you can submit your application online.

Erie Credit Score Improvement

Interest can represent a substantial percentage of your monthly payment, particularly when your FICO score isn’t very good. Lots of consumers have discrepancies on their credit reports. These discrepancies could be harming your FICO score, and you don’t even know it. Many people don’t realize that, once per year, you can check your credit report completely free via

Disputing errors is fairly easy. You can do it on your own, or engage one of the credit improvement firms that serves Erie. Other things that might minimize your APR:

  • Adding a cosigner.
  • Providing an increased down payment.
  • Purchasing a new vehicle instead of used.

Zero Down Cars in Erie

Saving the cash necessary to buy a car or truck is never easy, especially if you have bad credit, in which case you might be expected to offer a pretty big down payment. A lot of loan creditors offer financing for 100% of the vehicle’s cost, but they require outstanding credit on the part of the new buyer. For people with less-than-perfect credit, there’s just one real solution: find a car dealer that takes trades, and use your existing vehicle to cover the down payment on your new one.

Erie Resources

Credit Unions


[tboot_column size=”15″]

[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Address,Zip,Phone” data=”1St Choice Community,3910 Schaper Ave,16508,(814) 866-1111,American Meter Employees,1320 E 11th St,16503,(814) 455-0096,Americo,4101 Main St,16511,(814) 899-6608,Americo,2627 W 23rd St,16506,(814) 833-0433,Autoclave Erie,P.O. Box 8065,16506,(814) 836-1952,Autoclave Erie,2820 W 23rd St,16506,(814) 836-1952,Bliley,2545 W Grandview Blvd,16506,(814) 835-1752,Erie,1959 E 36th St,16510,(814) 825-2436,Erie,518 State St,16501,(814) 825-2436,Erie,1109 E 38th St,16504,(814) 825-2436,Erie,2436 Buffalo Rd,16510,(814) 825-2436,Erie,1005 Greengarden Blvd,16501,(814) 825-2436,Erie,5500 Zuck Rd,16506,(814) 825-2436,Erie,1220 W 32nd St,16508,(814) 825-2436,Erie,1900 Keystone Dr,16509,(814) 825-2436,Erie City Employees,5 E 34th St,16504,(814) 455-4888,Erie Community,1129 State St,16501,(814) 455-6400,Erie Community,100 Erie Insurance Place,16530,(814) 870-7500,Erie Community,2165 W 21st St,16502,(814) 452-2152,Erie Firefighters,3204 Maple St,16508,(814) 452-4898,Erie Flagship Community,1325 Wayne St,16503,(814) 455-5035,Erie General Electric Fcu,2154 E Lake Rd,16511,(814) 456-6231,Erie General Electric Fcu,1595 W 26th St,16508,(814) 453-4450,Erie General Electric Fcu,1623 E 38th St,16510,(814) 825-2511,Erie General Electric Fcu,4268 Buffalo Rd,16510,(814) 464-8999,Erie Police,626 State St #112,16501,(814) 453-2540,Erie Police,626 State St,16501,(814) 453-2540,Erie T P E,2222 Filmore Ave #614,16506,(814) 864-5934,Erie T P E,2222 Filmore Ave,16506,(814) 864-5934,Erie Times,335 Metz St,16508,(814) 459-0853,I B E W Local 56,962 W 20th St,16502,(814) 455-2270,Loco & Cont Empl,1286 E 38th St,16504,(814) 825-6763,Nkp Buffalo Div,3034 W 12th St,16505,(814) 833-8589,Saint Vincent Erie,2314 Sassafras St #100,16502,(814) 452-5742,Saint Vincent Erie,2314 Sassafras St,16502,(814) 452-5742,Tri State Rail,110 W 13th St,16501,(814) 455-0092,West Penn P&P,1701 State St,16501,(814) 455-0103″][/tboot_table]