Investing in a new car is no small decision, and searching for a budget friendly annual percentage rate is a big consideration. We have a vast network of lenders and dealers, and we are experts in getting you financed by the lender that suits you best. You’ll be led one step at a time through the process by a financing specialist based where you live.
Bad Credit Car Dealerships in Mechanicsburg, Pennsylvania
Don’t let credit keep you from buying your new car. We have access to dealerships all across Pennsylvania that won’t turned you down for an auto loan, simply because your credit isn’t the best. Unlike buy here pay here dealers, these types of dealerships offer:
- Fairer APR rates.
- Reasonable down payments.
- Both new and used vehicles.
Your income and credit will determine the cars you’re eligible to finance. Here’s an example based on the average per-capita income in Mechanicsburg, $2,235 per month:
- Exceptional Credit: $22,350 (Income x 10)
- Average Credit: $20,115 (Income x 9)
- Mediocre Credit: $17,880 (Income x 8)
- Damaged Credit: $15,645 (Income x 7)
- Very Bad Credit: $13,410 (Income x 6)
Bear in mind, these are just approximations. You may not be qualified to borrow this much, depending on factors such as your other loan balances, mortgage or rent payment, and type of income.
Apply online to have a finance professional confirm how much you can borrow.
Should You Buy Your Vehicle New or Used?
Both used and new cars can be financed through our service. In some cases, a pre-owned vehicle is the better choice. The APR rates on new cars are lower, but pre-owned vehicles cost a lot less in the long run.
|New Car||Used Car|
|Duration||60 months||48 months|
|Payment Per Month||$337.42||$364.77|
Buy Here Pay Here (BHPH) Dealerships in Mechanicsburg, PA
Have you wondered about getting financed at a buy here pay here car dealer in Mechanicsburg? These kinds of Mechanicsburg in house financing car dealers offer car loans directly, normally with no a credit check. Considering they don’t depend on a bank or finance company to approve the credit-seekers, they’re able to help a larger array of customers. Sometimes people with really bad credit think that an in house financing car lot is the only real place that will finance them, even though the rates of interest are much higher than a loan from the bank. On top of that, they rarely report payments to the credit agencies. This means your FICO score will not increase as a result of the loan.
Budgeting Recommendations for Mechanicsburg Residents
When considering setting your monthly payment, it shouldn’t go over 10% of what you make per month. Also, in order to minimize finance fees and negative equity, select a 5-year repayment term at most. This will translate to a vehicle costing approximately half of what you earn on a yearly basis, before taxes. In Mechanicsburg, where the average income is $26,824 annually, the average consumer would finance a vehicle costing $13,410. Please remember, this is the upper limit of what you ought to spend. Many authorities advise paying just 10-30% of your income for a new car or truck.