Wilkes Barre (PA) Auto Loans

Lots of men and women prefer to purchase their vehicles with an auto loan, making monthly payments as opposed to spending the entire amount right off the bat. Unfortunately, getting such a loan can be a major headache, especially if you’ve got less-than-perfect credit. Why spend your time applying for financing at the finance company or dealer when you can get approved right here through our site?

Lending companies and dealerships will fight to finance your credit, putting you behind the wheel of the approval process.

Auto Finance Rates in Wilkes Barre

Below we have rates of interest you can expect at varying credit scores. These are not to be viewed as advertisements. Precise rates vary.

Credit Rating	New Car	Used 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 Loans in Wilkes Barre

New cars and trucks have the most affordable rates of interest. Mind you, financing a second hand car or truck is a better value, considering that the overall cost will be substantially less. The numbers speak for themselves.

Years Old	Price	APR	Months	Payment	Interest	Total
New	$20,900	6.00%	60	$404.06	$3,343	$24,243
1 Year	$16,720	7.50%	60	$335.03	$3,382	$20,102
2 Years	$14,212	7.50%	60	$284.78	$2,875	$17,087
3 Years	$12,080	7.50%	60	$242.06	$2,444	$14,524

It’s possible to get a lot of car for the money if you aren’t afraid of a used car. Auto loans for used vehicles come with slightly higher interest rates, but in most cases, you only need 10% down, and the insurance premiums are less costly.

Bad Credit Car Loans in Wilkes Barre

Are you trying to finance a car from a dealer in Wilkes Barre with less-than-perfect credit? The better your credit score, the wider array of options you’ll have. In decades past, there weren’t very many auto finance companies who would approve people with non-prime credit. Now many finance companies, and even some banks and credit unions, have subprime finance units.

It’s best to avoid no credit check car dealerships. These buy here pay here dealers are infamous for consumer grievances. While you might not have problem getting financed, you’ll pay handsomely for the opportunity. More often than not, it’s better to find a local bank, credit union, or loan provider. This is how the majority of people get financed nowadays, and it’s significantly more economical over time.

Contact an auto finance professional in your area today.

Zero Down Financing in Wilkes Barre

Are you hoping to purchase your next vehicle in Wilkes Barre without a down payment? A lot of banks offer 100% financing, sometimes more, but they require first-rate credit on the part of the new owner. For people with poor credit, there’s only one main course of action: search for a car dealership that welcomes trade-ins, and check if they will accept your existing car as a down payment.

Wilkes Barre Resources

• Pennsylvania Driver and Vehicle Services: http://www.dmv.state.pa.us/
• Pennsylvania Department of Banking and Securities: http://www.dobs.pa.gov/Businesses/Banking/Banks/Pages/default.aspx#.Veh4Tc7eQ3g

Credit Unions