Bad Credit Auto Loans in Marrero (LA)

Forget driving from one lender to another, submitting credit applications. We will help you get the approval you need faster, with a lot fewer hassles. Our industry-leading network of Louisiana dealers and lenders is standing by, waiting for your application. The application itself is easy to understand, and many applicants are approved the same day.

Poor credit? Don’t worry. We help credit problems find a loan – that’s our area of expertise. There isn’t a minimum FICO score involved, and we can help borrowers who fall fall into any of the lower credit tiers.

Credit Tier FICO Range
3/C 581-659
4/D 520-580
5/F 250-519

A down payment and income verification will often be expected for any bad credit auto loan in Marrero; however, most applicants get approved the same day they apply. And, keep in mind, repaying an auto loan is an excellent way to improve your credit ratings. So let us find you a lender or dealer who approves car loans for people in Marrero with subprime credit.

Credit Rating and Size of Loan

The table below shows you how much you can borrow, given a monthly income of $1,563, the average in Marrero. These numbers are simply estimations. You may be entitled to a different amount. Talk with a vehicle finance agent for details.

Credit History Income Factor Loan Amount
Good Credit 10 $15,630
Fair Credit 9 $14,067
Temporary Bad Credit 8 $12,504
Poor Credit 7 $10,941
Very Bad Credit 6 $10,941

Simply because you’re able to borrow this amount, doesn’t mean you ought to. A smaller loan is recommended, because you’ll be able to pay it off faster.

No Money Down Auto Loans in Marrero?

Don’t have a down payment? No worries. That said, providing a down payment affords you important advantages:

  • Reduces the length of the loan, meaning you pay less in interest.
  • Decreases monthly installment.
  • Minimizes negative equity.

With that being said, you don’t need a down payment to apply. We help our clients get into a new car everyday, even with issues such as lack of credit or down payment. Apply now!

No Credit Check Car Dealers in Marrero

This type of financing is also referred to as:

  • We Finance
  • Rent to Own
  • Tote The Note
  • Your Job is Your Credit

These dealers do their own financing, rather than relying on banks or finance companies. Everything is paid to the dealer directly, and the vehicles typically cost less than $10,000.

If possible, eschew these Marrero buy here pay here dealers, opting instead for a bad credit auto loan online. Apply today – it takes less than 3 minutes.

Marrero-Specific Financial Profile

Listed below are average stats for residents of Marrero.

  • Average Salary: $18,758 Per Annum
  • Average Car Payment: $172 (11% of Income)
  • Suggested Car Payment: $125 to $156 (8%-10% of Income)

Below-average credit. It’s quite pervasive these days in Marrero and across Louisiana. This table depicts the estimated number of Marrero residents at each level of the credit spectrum.

FICO Score % of Population Residents
300-499 2% 1,153
500-549 5% 2,882
550-599 8% 4,611
600-649 12% 6,917
650-699 15% 8,646
700-749 18% 10,375
750-799 27% 15,562
800-850 13% 7,493

This shows that more than 25% of Marrero residents will need a bad credit auto loan. If you’re in one of the lower groupings, don’t fret. We have lenders who support each of these credit tiers.