The used car interest rates in Pennsylvania will vary from one driver to the next around Mount Pocono, Tobyhanna, Scranton, Pocono Pines, and Blakeslee. The reason these rates fluctuate on a case-by-case basis is because of credit scores. Your credit score is a vital part of the car-shopping process, helping to determine the type of deal you'll receive on your used car and also the interest rates you'll have to pay on car loans.

The following few sections go over the importance of interest rates but if you have more questions, contact Ray Price Ford!

Understanding Your Credit Score

Your credit score is a tool that helps lenders determine how trustworthy you are as a financer. They want to ensure that you'll be making the proper payments on time and in full, so they eventually earn the money back that they lent out to you.

The higher your credit score is, the more favorable lenders will look at you when it comes time to discuss loans for your favorite pre-owned car. With assistance from our financial experts, who have spent years building close relationships with the nearby banks and lenders, we can help you receive a favorable loan.

However, your credit score will still come into play and if you've made consistent payments in the past, you'll receive a better rate in the future.

Don't have any credit? Learn how to get an auto loan with no credit history.

Used Car Interest Rates & Credit Score

If you've found a used car that touts all the features you need and is within your budget, a loan can help you eventually drive off the lot with a smile on your face. This loan will have a fixed interest rate attached to it and that rate will be determined in part by your credit score.

The more you can be trusted to make weekly or monthly payments, the less risk is assumed by the lender, which means a low interest rate. The opposite is true, too. The more risk taken on by the lenders, the higher your interest rate will be.

The best way to ensure you're receiving a financial structure that caters to your needs is by raising your credit score.

How Do I Raise My Credit Score?

The process of raising your credit score can be done by taking advantage of a few financially sound practices.

  1. Make your payments on time and in full. This is a straightforward concept but it's also the most reliable way to prove to lenders that you can be trusted.
  2. Avoid small, lingering payments. While it may seem trivial, the length of time a charge stays in your account is taken into consideration for your credit score. So, best to pay off small charges as quickly as possible.
  3. Avoid moving money around from one card to the next without paying the money off. This process only provides short-term relief and can be damaging to your long-term standing as a viable financer.

Receive Terrific Used Car Interest Rates in PA

You can receive favorable used car interest rates in Pennsylvania by boosting your credit score and taking advantage of the helpful assistants at Ray Price Ford. Along with financial guidance, we'll also set you up with a test drive around Mount Pocono, Tobyhanna, Scranton, Pocono Pines, and Blakeslee.

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Ray Price Ford

2971 Route 940
Directions Mount Pocono, PA 18344

  • Sales: (570) 839-1111
  • Service: (570) 839-1111
  • Parts: (570) 839-1111
  • Quick Lane: (570) 839-1739

Showroom Hours

  • Monday 9:00AM-8:00PM
  • Tuesday 9:00AM-8:00PM
  • Wednesday 9:00AM-8:00PM
  • Thursday 9:00AM-8:00PM
  • Friday 9:00AM-8:00PM
  • Saturday 9:00AM-4:00PM
  • Sunday Closed