Auto Loans in Pittsfield (MA)

Need to finance a car? We can help. Our industry-leading, statewide network of dealers and lenders is standing by, waiting for your application. When you apply online, your loan application will enter our placement system. There we will find you an auto loan that is right for you.

Pittsfield Auto Loans with Bad Credit

Less-than-perfect credit? Not to worry. We help applicants with bad credit all the time. We have lenders and dealers who accept low credit scores, and they want to approve you for financing. As you know, bad credit scores result in increased rates of interest, so it’s imperative that you opt for an economical car or truck with easily-affordable monthly payments. If you have poor credit, you’ll probably be matched with a dealer or lender in Pittsfield that specializes in special financing scenarios. Companies like these do report your payments to the credit reporting agencies, which is crucial to restoring your credit. It’s easy. Just apply online, and we’ll help you find a bad credit car loan in Pittsfield that you can afford.

Financing Pre-Approval: How Much?

The chart below shows you a wide array of loan amounts, derived from a monthly income of $1,012, the average in Pittsfield. These figures are simply estimations. You may qualify for a different amount. Talk to an auto finance agent to learn more.

Credit Income Factor Sum
Great Credit 10 $10,120
Fair Credit 9 $9,108
Subprime Credit 8 $8,096
Bad Credit 7 $7,084
Really Bad Credit 6 $7,084

Just because you’re able to borrow a particular amount, doesn’t mean you ought to. A smaller loan is a wise idea, because it will lower the risk of non-payment.

Do I Need a Down Payment?

We have many lenders in our network who offer car loans with no money down, even for people with credit problems. That said, a down payment gives you significant advantages:

  • Reduces the length of the loan, meaning you pay less in interest.
  • Lessens payment per month.
  • Decreases negative equity.

With that said, you don’t need a down payment to apply. We get clients financed each and every day, even with issues like bad credit and no down payment.

Buy Here Pay Here Dealerships in Pittsfield

This sort of financing is commonly known as rent to own, no credit check, or in house financing. These dealers do on-the-lot financing, rather than working with banks or finance companies. The annual percentage rates are especially steep, but approval will likely be guaranteed.

Unfortunately, most in house financing car lots are unable to help buyers repair their credit. In most cases, it is advisable to apply online, so we can find you an auto loan in Pittsfield that can help your credit.

Credit and Income: Pittsfield

Banks, dealers, and car loan companies are interested in a lot more than just your credit rating. Creditors check such things as:

  • Income
  • Employment History
  • Payment History

Listed below are average statistics for Pittsfield residents.

  • Pre-Tax Salary: $1,012 Per Month
  • Average Car Payment: $111 (11% of Income)
  • Suggested Monthly Payment: $81 to $101 (8%-10% of Income)

Consumer Credit in Pittsfield

Poor credit is pretty pervasive in Pittsfield and across the state of Massachusetts. This chart shows the estimated number of Pittsfield residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 952
500-549 5% 2,381
550-599 8% 3,810
600-649 12% 5,715
650-699 15% 7,143
700-749 18% 8,572
750-799 27% 12,858
800-850 13% 6,191

Don’t worry if you’re credit isn’t perfect, we can help nearly any applicant who earns $1500 plus on a monthly basis, regardless of their credit score.