Bad Credit Auto Loans in Kenner (LA)

Would you like to arrange your financing before heading off to the dealership? It makes the car-buying process so much easier, and we’re here to help. We’ve been in the automotive business for years, long enough to develop a class-leading network of lenders and dealers in Kenner and Jefferson Parish who offer online approvals. The actual application is easy to understand, and many consumers are approved within a day.

We put special emphasis on supporting buyers with credit problems. The foundation of our service is an advanced application placement platform. We leverage extensive relationships and cutting-edge technology to place you with a lender or dealer willing to fund your loan despite past credit problems ranging from simple late payments to full-blown bankruptcy. We can get you approved by a lender or dealer in Kenner – and since we’re reimbursed by the dealers themselves, it’s free!

Approval Requirements for Kenner Residents

auto loans KennerThe majority of dealers and earn a minimum of $1500 on a monthly basis. This is pre-tax income, not your take-home pay. There is no minimum credit score. We have partners who support every end of the credit spectrum. Down payments depend on your credit, your lender, and the vehicle you want to purchase.  Supplying a down payment does afford you some key benefits:

  • Shortens loan, meaning you pay less in interest.
  • Lessens payment per month.
  • Minimizes negative equity.

That said, we realize that down payments take a lot more time and effort these days. We get people approved everyday, many with no down payment. Also, keep in mind that your existing vehicle can serve as a form of down payment through trade equity.

Estimating how much you can borrow is easy. Simply multiply your monthly income by the income factor that corresponds to the state of your credit. We’ve included an example, based on Kenner’s average per capita income: $1,208.

Credit Income Factor Loan
Great Credit 10 $12,080
Fair Credit 9 $10,872
Temporary Bad Credit 8 $9,664
Bad Credit 7 $8,456
Horrible Credit 6 $8,456

Remember, these are approximations. For a detailed quote, you must submit your application.

Buy Here Pay Here Dealers in Kenner

Buy here pay here financing is otherwise known as your job is your credit, tote the note, no credit check, or in house financing. These dealerships finance people that wouldn’t be approved anywhere else. Sure, the interest rates are higher, but there aren’t many obstacles to getting approved. If possible, avoid such dealers, opting instead for an auto loan from a bad credit dealership in Kenner with better rates and conditions. Submit your application – no minimum credit score necessary.

Kenner-Specific Income, Credit Statistics

Lenders are interested in more than just your FICO rating. Lenders evaluate your income, history of employment and residence, and individual credit history.

Listed below are some average stats for residents of Kenner.

  • Average Earnings: $1,208 Monthly
  • Average Car Payment: $133 (11% of Income)
  • Ideal Monthly Payment: $97 to $121 (8%-10% of Income)

Consumer Credit in Kenner

Next we’ve broken down Kenner’s population by FICO rating. These are just estimates, but they should give you an idea of where you stand in relation to other consumers in the area.

FICO Score % of Population Residents
300-499 2% 1,443
500-549 5% 3,608
550-599 8% 5,773
600-649 12% 8,659
650-699 15% 10,824
700-749 18% 12,989
750-799 27% 19,484
800-850 13% 9,381

Would you like to submit your application for a car loan in Kenner? Click here to submit your application.