Bad Credit Auto Loans in Sulphur (LA)

Do you need a car loan, the sooner the better? You’ve come to the right place. Our system is fast, secure, and effective. Borrowers with sufficient income have a 90% chance of being approved. Here is how our system works:

  1. Apply online.
  2. Log in to your inbox for your approval status.
  3. Once your application has been placed, consult your dealer or lender to complete your paperwork.
  4. Lastly, select your vehicle from a nearby dealer.

Sounds simple, right? It really is! Ready to get started? Go here to submit your credit application.

Sulphur Bad Credit Car Dealers

A history of bad credit is often a problem when trying to finance a new vehicle, but not when you apply through us. If you just go from dealer to dealer, completing applications, you may get turned down a few times. We offer a much better solution, in that you can submit a single application, and we’ll find a bad credit car dealer willing to approve you for financing, even if your credit is less than perfect. A down payment, as well as proof of income will typically be expected for any bad credit auto loan in Sulphur, but most users get approved right away. Let us get you approved for financing from a bad credit car dealership in your area – today!

The table below shows a range of loan amounts, based on a monthly income of $2,311, the average in Sulphur. These figures are just approximations. You may be eligible for a different amount. Consult a vehicle finance specialist to learn more.

Credit Score Income Factor Amount Borrowed
Excellent Credit 10 $23,110
Fair Credit 9 $20,799
Subprime Credit 8 $18,488
Poor Credit 7 $16,177
Terrible Credit 6 $16,177

Keep in mind, the numbers above are approximations. For a detailed quote, please submit your application.

Can I Finance a Car with No Down Payment?

Do you have a credit score of 700 or better? If so, you might not need to bother with a down payment. However, it’s considerably trickier for consumers with low credit scores. At this point, the Loan-to-Value ratio becomes important. Divide the amount you borrow by the wholesale value of the car or truck. This is the LTV.

Amount Borrowed Vehicle Value LTV
$12,000 $15,000 80%
$15,000 $17,500 86%
$20,000 $25,000 80%
$20,000 $30,000 67%

Bad credit dealerships in Sulphur and across the state often aim for an LTV of approximately 70%. No down payment? We get many applicants an approval with no down payment.

Apply online. We will work hard to match you with a dealer or lender willing to finance your purchase, no down payment required.

Buy Here Pay Here Car Dealers in Sulphur

For those who have experienced bankruptcy or repossession, you’ve perhaps thought about going to a buy here pay here car dealership in Sulphur. Customers who have been unable to secure a loan due to seriously bad credit often turn to these types of dealerships. The loan rates are typically expensive, but acceptance is generally guaranteed.

It’s usually best to eschew buy here pay here dealers, applying instead for an auto loan from a bad credit dealership in Sulphur with better rates and conditions. Apply today – we have dealers waiting for your application.

Credit and Income: Sulphur

Below are some average stats for residents of Sulphur.

  • Average Income: $27,737 Per Annum
  • Average Monthly Payment: $254 (11% of Income)
  • Recommended Monthly Payment: $185 to $231 (8%-10% of Income)

Here we have a breakdown of Sulphur’s population by FICO rating. These are just estimates, but they should give you a general idea of where you stand.

FICO Score % of Population Residents
300-499 2% 726
500-549 5% 1,816
550-599 8% 2,906
600-649 12% 4,358
650-699 15% 5,448
700-749 18% 6,538
750-799 27% 9,806
800-850 13% 4,722

Regardless of what your credit score is, we’re here to help. We work with borrowers of all credit scores and income levels. That’s what we do.

Ready to get started on your Sulphur auto loan? Click here to apply online.