Bad Credit Auto Loans in Pineville (LA)

If you’d like to get approved for a new car or truck, you’ve come to the right place. We work with lenders and dealers in Pineville and across Louisiana who want to approve your credit – right now! When you apply online, our finance companies compete to fund your loan.

Bad Credit Car Dealerships in Pineville

FICO scores of 620 or lower are generally deemed subprime or bad credit, but our system is the perfect choice for consumers with less-than-perfect credit.

The truth is, we have relationships with Louisiana lenders who service each different credit tier. It is true that low credit scores translate into higher interest rates, which means it’s important to choose a cost-effective vehicle with affordable payments. Plus, making regular payments on an installment loan like this can boost your credit ratings. So let us find you a dealership who finances bad credit – today!

How Much Can I Borrow?

The chart below depicts how much you can borrow, based on a monthly income of $680, the average in Pineville. These figures are just estimations. You may qualify for a different amount. Speak with a vehicle finance agent to find out more.

Credit Rating Income Factor Loan Amount
Excellent Credit 10 $6,800
Fair Credit 9 $6,120
Temporary Bad Credit 8 $5,440
Bad Credit 7 $4,760
Terrible Credit 6 $4,760

Again, these are estimations. For an accurate quote, please submit your application.

How Much Will I Have to Put Down?

We can help you find dealers who work with people who don’t have a down payment. That said, providing a down payment affords you substantial benefits:

  • Shortens loan, meaning less is paid in interest.
  • Decreases payment per month.
  • Safeguards against the risks of an underwater loan.

With that said, you don’t need a down payment to submit an application. Our application placement system can often find you a dealer or lender who wants your business, whether you can put money down or not.

In House Financing Car Dealers in Pineville

Virtually all buy here pay here dealers consider down payments a requirement. Dealers like these make credit decisions on the lot, rather than relying on a list of affiliated lenders. They specialize in helping people with problems like bankruptcy, foreclosure, or repossession within the last 12 months.

Having said that, most in house financing dealerships cannot help consumers improve their credit. Normally, it is far better to apply online through us, so we can find you a car loan in Pineville that can help improve your credit.

Pineville-Specific Financial Profile

Listed below are average stats for Pineville residents.

  • Average Salary: $680 Per Month
  • Average Monthly Payment: $75 (11% of Income)
  • Suggested Car Payment: $54 to $68 (8%-10% of Income)

If you have poor credit, you’re not alone. This chart shows the estimated number of Pineville residents at each credit level.

FICO Score % of Population Residents
300-499 2% 772
500-549 5% 1,930
550-599 8% 3,088
600-649 12% 4,632
650-699 15% 5,790
700-749 18% 6,948
750-799 27% 10,422
800-850 13% 5,018