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Auto Loans in Lebanon (PA)

In the old days, you would have to go to a slew of lenders, hoping to find one who will approve you for financing. Here at Motive Auto Finance, we have made it much easier to secure the auto loan you need. Our market expertise is second to none, which means we can help applicants from every financial background. Let us match you with a financing expert who can help you arrange the loan needed for the vehicle you want.

Auto Loans Lebanon PA

Bad Credit Car Dealerships in Lebanon, Pennsylvania

Don’t let credit stand in your way when it comes to your next car. We have access to dealerships all across Pennsylvania that can give you a second shot at financing. Typically, these types of dealerships offer:

  • Reasonable APR rates.
  • Manageable down payments.
  • Lower mileage vehicles.

The dealer will evaluate your credit and income to establish which vehicles you are eligible to finance. In order to reduce the risk of missed payments or repossession, go with a vehicle that won’t tax your budget, having a payment equal to 10% of your income, if not less. For people making $3,109 a month, the average in Lebanon, this is a payment of $311.

Submit an application to have a finance professional confirm how much car you can afford.

Selecting a Vehicle: New versus Used

It gets asked again and again: is a used car better than a new one? In many cases, a used vehicle is the way to go. The rates of interest on new cars are more affordable, but pre-owned cars are much less expensive.

New Car Used Car 1 Used Car 2 Used Car 3
Age New 1 year old 2 years old 3 years old
Price tag $31,090 $23,318 $18,654 $15,545
Down Payment $6,218 $2,332 $1,865 $1,555
Loan Rate 5.00% 7.50% 7.50% 7.50%
Months 60 48 48 48
Monthly Payment $469.37 $507.41 $405.93 $338.27
Interest Paid $3,290 $3,370 $2,696 $2,247
Amount Paid $34,380 $26,688 $21,350 $17,792

Buy Here Pay Here Car Lots in Lebanon, Pennsylvania

Buy here pay here dealers would love you to assume that no one but them will finance you, yet this usually isn’t the case. Sure, they rarely check your credit, meaning bad credit probably won’t be an obstacle, but chances are high you will pay more than you think for your vehicle and its loan.

Regrettably, you can expect excessive rates of interest, big down payments, and cars and trucks that cost too much given the number of miles they have. Because of this, these dealerships have a sullied reputation. We can put you in touch with a reputable dealer who can get you financed, regardless of your credit.

Revitalizing Your Credit in Lebanon

There are three major credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

The vast majority of auto finance companies report your payments to these agencies, giving you a chance to boost your credit. Your payment history is a crucial part of the credit scoring model, and financing a car provides 3 to 6 years of payments. Your score will not improve the moment you pay back your loan. Rather, it will rise gradually as you keep on paying your bills on schedule. You shouldn’t overlook the advantages of an improved FICO score. It can save you thousands of dollars throughout your life, and all you have to do is pay your bills on a monthly basis.

Used Cars in Lebanon, PA


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