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Auto Loans in Slidell (LA)

Before the web, financing a car with bad credit in Slidell, Louisiana, was a significant inconvenience – until we emerged as an industry-leader. As a way to help you, the applicant, we work with a huge selection of bad credit dealerships in Slidell and across the state of Louisiana.

The only thing you have to do is submit your application online, and we will place your application with a lending company or dealership professional who’ll do their best to get you the right car loan.

Slidell Car Lots That Approve Bad Credit

Have you thought about where to buy your new car? If you’ve got less-than-perfect credit, you’ll probably have to buy from a dealer, instead of a private party, as the majority of lenders don’t provide private party loans for people who’ve credit that isn’t perfect. Thankfully there are dealers that specialize in poor credit. Whenever you have adverse credit, you can expect higher interest rates, more substantial down payments, and tighter lending conditions. On the other hand, the experience is better than that of a buy here pay here dealer, and your vehicle will likely cost you less in the long run. We work with many of these dealerships, and when you submit your application, we pair you with one who wants to approve your credit.

Is a New Vehicle the Right Choice?

Scores of consumers in Slidell don’t know that new cars aren’t the only thing that can be financed. You can finance used vehicles as well.. Oftentimes, a pre-owned vehicle is a better deal. The APR rates for new cars are low, true, but used vehicles cost a lot less.

New Car Pre-owned Car
Age New 1 Year Old
Price $22,930 $17,198
Down Payment $4,586 $1,720
Loan Rate 5.00% 7.50%
Years 5 4
Payment $346.17 $374.23
Interest $2,426 $2,486
Total Paid $25,356 $19,683

Buy Here Pay Here Financing in Slidell, Louisiana

Considering heading to a buy here pay here dealer to get approved? Usually, there are considerably better options. Dealers like these will approve just about anybody, regardless of their credit, but you will find disadvantages. The fact is, you can expect excessive loan rates, high down payments, and high mileage vehicles that are overpriced. There is a reason why these retailers don’t have a good reputation. We can connect you with a reputable dealer who can get you the funds you need, regardless of your credit.

Recommendations for Buying a Car in Slidell

Your car payment, what should you spend? All you have to do is take 10% of your monthly income. This is the maximum you should spend on a monthly basis. In addition, it’s not smart to finance for longer than 5 years. This will result in a vehicle that costs about 50% of your yearly income. For Slidell residents, having incomes of $27,511 a year, this is $13,758. Overall, the less you can invest while still obtaining a reliable car or truck, the better.

New and Used Cars in Slidell for Sale

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