Having bad or no credit is OK, you can still get a vehicle.
Do you need credit to get a car from Fellah Auto Group?
Are you concerned about not being able to finance a car? Bryan explains that at Fellah Auto Group we have programs for all types of credit situations. The biggest misconception about purchasing power is credit. The most important factor to the banks we work with is YOUR INCOME. Bryan and the finance team at Fellah Auto Group havee gotten scores as low as 390 approved for a loan with our Fresh Start Financing
Even if you have bad credit or no credit, we can help. We are the premier dealer for bad credit financing and we have relationships with some of the largest lenders in the United States. All we need is some basic info and we can get you APPROVED and get you driving TODAY!
Fellah Auto Group is an independently owned dealership group in the Greater Philadelphia Area. We have locations in Philadelphia, Bristol, and Springfield, PA (Delaware County). We have a great selection of quality used cars and we have vehicles that fit any budget. We also have a Fast and Easy Credit Approval system and relationships with many lenders to work with all types of financial situations. Regardless if you have great credit, bad credit or no credit, we can help. We are also The Home of No Money Down so even if you don’t have a large down payment, you can still buy a car here. We’re conveniently located near Bucks, Montgomery and Chester County as well as Camden, New Jersey. At Fellah Auto Group, it’s Car Buying Made Simple!
The Benefits of Trading Your Vehicle Instead of Selling
Why You Should Trade Your Car
If you’re deciding whether to trade in your current car or sell, it can be a tough choice. Many buyers prefer the simplicity of trading in their current vehicle at the dealership even though they may not get as much money. It’s an easy way to dispose of your current car. Just turn it over to the dealership. Others choose to do the legwork and find an appropriate buyer and get a better price. Here are some tips to help you make the decision.
Why not sell it yourself?
Depending on your credit and income situation, you might not be able to sell your current car until after you buy your new car. So you won’t be able to use the money as a down payment. If the old car isn’t paid off, you could have an overlap of car payments until you sell it.
Selling your car on your own requires considerable effort, including placing ads, taking phone calls, dealing with strangers, and giving test drives. Most private-sale car buyers will lowball your asking price to a point where it wasn’t even talking to them in the first place.
Many experts, websites, and arm-chair-quarterback dealers will tell you that you will get less money than selling it yourself. Well sure, if you are your own salesperson, creating your own terms, how could you not? But did you know that you have to pay taxes to the IRS if you sell your car for more than its worth?
There’s a tax advantage with trading in your vehicle. Most states (Including Pennsylvania) charge sales tax only on the difference between the trade-in value and the new-car price. And then you can use the trade-in amount as the down payment on the newer car.
Let’s look at an example
Without Trade-in:
New car purchase price: $30,000 Taxes paid (7% of $30,000): $2,100 Used car sold by owner: $16,000 Total cost of new car: $32,100 – $16,000 = $16,100
With Trade-in:
New car purchase price – $30,000 Trade-in Value: $15,000 Taxes Paid (7% of $15,000): $1,050 Total cost of new car: $31,050 – 15,000 = $16,050
(In this example, the price of the trade-in is deducted from the price of the new car for tax purposes)
So it is close, numbers-wise. We admit it is not a huge saving, but 50 bucks is 50 bucks. With trading in you not only saved money, but time, time, time, hassle, aggravation, and time.
