Finding a car dealer in Pennsylvania who will work with you if you have no money down and bad credit can be difficult but not impossible. Whether you live in Pittsburgh, Philadelphia, or Harrisburg, driving around town applying for auto loans can be a waste of time and money, especially if you have bad credit, since most dealers won’t want to work with you. There are options available to you, if you know where to look.
No Money Down Options
Yes, it is possible to get an auto loan with no money down. Companies such as AmeriCredit, Capital One, Condor Capital, Onyx, Tidewater, Well Fargo and WFS have partnered with dealers in our network to offer car loans with no money down. If you find yourself in a situation where you aren’t able to come up with a down payment, finding a dealership that works with one of these lenders will take away a lot of the hassle that comes from trying to obtain financing through a traditional lender.
Another way to obtain a no money down auto loan is by using your current vehicle as a trade in. Even a trade in worth $500 can help to lower your payments, and give you more options. Every little bit helps, and most dealers have experienced finance managers who can make your trade in go further.
Bad Credit Auto Financing in PA
Obtaining a subprime bad credit auto loan in Pennsylvania is easier than you think if you meet a few basic criteria:
- At least 18 years old
- U.S. citizen
- One year with current employer
- Regular employee making at least $1,500 a month
- No repossessions in the last year unless included in bankruptcy
- Any bankruptcies must be discharged, or you must obtain an order to incur additional debt in open Chapter 13 bankruptcy