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Buying A Car In Pittsburgh With Bad Credit
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Posted On :
Sep-07-2012
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Article Word Count :
545
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In the US it’s almost universal for everyone to need a car for work and leisure, but not everybody has good credit. What many people don't realize is that you can still get a car or truck with bad credit, and if you are buying a car with bad credit in Pittsburgh, then you have many options.
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In the US it’s almost universal for everyone to need a car for work and leisure, but not everybody has good credit. What many people don't realize is that you can still get a car or truck with bad credit, and if you are buying a car with bad credit in Pittsburgh, then you have many options. Don't let the fear of being rejected on a credit application stop you from getting what you need.
Places To Buy Used Cars
There are many dealerships that specialize in getting people into a car or truck even if they have bad credit. You can get cheap used cars for sale in Pittsburgh, PAat many places that will extend credit to people with a poor credit report. Everyone deserves a second chance, and these dealerships have many programs and lenders that will help people with poor credit. You may be expected to put down a larger down payment, provide proof of a stable income and provide references, but you can still get a vehicle.
Down Payments
Be prepared to put up to a 20% down payment if you have poor credit. Many lenders will want a significant portion of the value of their property to account for any depreciation in the rare event of a repossession. A lower down payment also reduces your monthly payments. If you are having trouble getting enough money for a down payment, then you may consider saving the money first or borrowing the money from a trusted friend or relative. You can also wait until the spring when your income tax refund comes in to put a down payment on a vehicle.
Buying a car with bad credit in Pittsburgh doesn't have to be expensive. Don't take the first offer from the first dealership. Don't be afraid to ask for a lower down payment or to shop around at other dealerships. In the end, these dealerships still need to sell cars, and many will extend offers to people with bad credit with better terms.
Interest Rates
Expect interest rates to be slightly higher if you have bad credit. However, you do have the power to choose, you should shop around to see what dealerships can offer you at more competitive interest rates.
Other Ways To Get Financing
It never hurts to try going through your bank or local credit union to see if you can get an auto loan. Unlike a personal loan, the auto you choose will serve as collateral against any default. Since the bank holds the title to your car, you may get a loan despite having poor credit. Even though approval is easier to finance your auto through a dealership, some dealerships could charge you a higher interest rate or down payment to take advantage of your bad credit predicament. Always consider your bank or credit union first.
The Bottom Line
It's easy to get cheap used cars for sale in Pittsburgh, PA regardless of your credit history. Be a smart consumer and shop around for the Pittsburgh dealership that will get you the vehicle you want at the right price and with the right interest rate and down payment. Remember that you don't have to settle.
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Article Source :
http://www.articleseen.com/Article_Buying A Car In Pittsburgh With Bad Credit_226394.aspx
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Author Resource :
The author has an immense knowledge on buying a car with bad credit in Pittsburgh. Know more about cheap used cars for sale in Pittsburgh, PA related info in his website.
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Keywords :
buying a car with bad credit in Pittsburgh, cheap used cars for sale in Pittsburgh, PA,
Category :
Business
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Business
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