Forget driving from lender to lender, applying for financing. We can get you the approval you need in less time. We work with dealers and lenders in New Iberia and across Southern Louisiana who want to get you in a new vehicle – right now! This is how our system works:
- Take a couple of minutes to complete our credit application.
- Log in to your new account to check your application status.
- When approved, work with your finance specialist to finalize your paperwork.
- Go buy your vehicle from a dealer in the area.
Bad Credit Car Dealerships in New Iberia
A bad credit score is rarely a deal-breaker. There’s no minimum credit score to worry about, and we can help applicants who fall fall into any of the lower credit tiers.
|Credit Tier||FICO Range|
Many lenders want people with below-average credit to provide a down payment. Fortunately, users are approved right away. Let us get you approved from a bad credit car dealer in New Iberia – online! Apply Now!
Car Loan Amounts for New Iberia Residents
Factors such as credit and income dictate how much you can finance. Below, we’ve listed how much people of differing credit ratings can finance, given an income of $1,937 monthly, the average in New Iberia. Please know that these are only estimates.
Keep in mind, these are just approximations. For a detailed quote, you must submit your application.
Can You Buy a Car with Zero Money Down?
Down payments refer to payments made the day you buy your new car or truck. They are often required of borrowers who have a disappointing history of debt payment. After all, consumers with problematic credit pose a greater risk to the lending company. Going into default is much more likely, and a down payment makes certain that some percentage of the loan has been secured. That’s not to say that dealers don’t ever approve people who don’t have a down payment.
Our approval platform will probably help you find a dealer, bank, or lending company who can work with your down payment, or lack thereof.
In House Financing Car Lots in New Iberia
Keep in mind that buy here pay here car lots consider down payments a requirement. These dealerships do on-the-lot financing, rather than working with off-site finance companies. Everything is paid to the dealership, often at the lot, and the vehicles they sell are usually $10,000 or less. Sadly, most of these dealers aren’t able to help people repair their credit. More often than not, you would be better off applying online, so we can find you a bad credit car dealer in New Iberia that offers lower rates and better terms.
New Iberia Consumer Profile
- Average Income: $23,242 Per Annum
- Average Monthly Payment: $213 (11% of Income)
- Suggested Car Payment: $155 to $194 (8%-10% of Income)
Here we have divided up New Iberia’s population by FICO score. These estimations should give you a general idea of where you stand in relation to other consumers in your area.
|FICO Score||% of Population||Residents|
Fortunately, we can help nearly any applicant who makes $1500 or more on a monthly basis, regardless of their credit score.