Get an Auto Loan Quote

Auto Loans in Baton Rouge (LA)

Lenders check your credit when deciding if they should fund your loan. Folks with bad credit may face issues getting approved. We help you to find a bank or dealer who serves your credit tier. We work with an unrivaled network of lenders and dealers who will consider your application, even if you have been turned away by lenders in the past.

A vehicle finance specialist will guide you through the purchasing process, helping you buy the car you want at an acceptable rate. Feel free to apply for financing.

Car Loans Baton Rouge LA

Baton Rouge Car Dealerships for Bad Credit

Nowadays, there are dealerships with finance departments that specialize in financing people with less-than-perfect credit. With any bad credit loan, expect:

  • Rates of interest that are steeper.
  • Down payments that are larger.
  • Payment periods that are shorter.

On the plus side, the experience is superior to that of a buy here pay here car lot, and your vehicle will likely cost you less in the long run. We have many such dealers in our network, and you can get pre-approved by submitting your application.

Verification Documents for Baton Rouge Borrowers

In order to avoid any hurdles, supply the required documentation when financing your car. There are seldom lenders that will fund a car loan for a prospective borrower who hasn’t got a valid license. Confirming your income is of utmost importance to lenders, so you’ll be asked to have one or two paystubs. Next comes insurance. Collision and comprehensive (full) coverage is a requirement for all financed vehicles, though it’s easy to buy this once you’ve picked out the vehicle you’re going to buy. Lenders also have to confirm your address, so they can send you any required correspondence. Remember to ask your vehicle finance specialist what documentation is needed by the bank or lender who approves your credit.

Baton Rouge Buy Here Pay Here Financing

People young and old in Baton Rouge resort to buy here pay here dealers, under the impression that they can only get financed at such a place. Rarely is this the case. These types of car lots offer credit lines on location, whereas a lot of dealerships work with banks and lending companies, and they finance just about anyone.

You will find that used vehicles are the only thing on the lot, and these Baton Rouge dealers may have you have a GPS tracking system installed in your vehicle. Repossession rates are quite high, as are the interest rates. For this reason, these dealers have a bad reputation. Let us connect you with a reputable dealer who can get you financed, regardless of your credit.

What Car to Buy?

Want to know how much you ought to commit to a car? No more than 8% of your income each month ought to be put toward your car payment. If you live in Baton Rouge and earn $1,225 per month, this would be $98.

Good Credit Decent Credit Poor Credit
Income Per Month $1,225 $1,225 $1,225
Car Payment $98 $98 $98
Interest Rate 3.50% 7.00% 11.00%
Money Down $1,347 $1,237 $1,127
Total Interest $493 $931 $1,373
Total Paid $7,227 $7,117 $7,007
Purchase Price $6,734 $6,186 $5,634

Used Cars for Sale in Baton Rouge

Zipcode Make Model Minimum Price Maximum Price Condition
Total Records Found: , showing 5 per page

No Records found