Bad Credit Auto Loans in Thibodaux (LA)

Don’t go driving from lender to lender, applying for financing. We will help you get approved in less time, with a lot fewer headaches. We have a class-leading network of dealers and lenders, many of whom can approve you for financing – online! This is how our system works:

  1. Take a couple of minutes to complete your loan application.
  2. Log in to your inbox for your approval status.
  3. Once approved, consult your lender or dealer to complete your documentation.
  4. Go buy your vehicle.

Sound simple? That’s because it is!

Credit score of 620 or less? That’s often regarded as subprime or poor credit, but our system is uniquely-suited to consumers with low credit scores. There are several principal credit tiers in the auto finance industry, and we work with companies that support each of them. Of course, low credit scores mean more costly rates of interest, so it’s crucial that you purchase a cost-effective car or truck with low monthly payments. Let us find you a dealer in Thibodaux who can work with your credit – and since we’re compensated by the dealers directly, it’s free! There are no obligations for using our service, and no headaches. Just apply online, and we’ll find you a bad credit auto loan in Thibodaux that you can afford.

The chart that follows depicts how much you can borrow, based on a monthly income of $932, the average in Thibodaux. These numbers are only estimates. You may be eligible for a greater or lesser amount, depending on other factors. Talk with a vehicle finance specialist for details.

Credit History Income Factor Sum
Great Credit 10 $9,320
Fair Credit 9 $8,388
Slow Credit 8 $7,456
Bad Credit 7 $6,524
Terrible Credit 6 $6,524

To see your own loan amount, multiply your pre-tax monthly income by the appropriate income factor.

Thibodaux Auto Loans, No Down Payment?

Plenty of our dealers approve people in Thibodaux with no down payment. However, a down payment gives you considerable benefits:

  • Reduces the length of the loan, meaning you pay less in interest.
  • Lessens monthly payment.
  • Reduces negative equity.

Even so, you no longer need a down payment to submit an application. We get clients financed each and every day, despite issues with their credit and down payment.

In House Financing Car Dealers in Thibodaux

The majority of buy here pay here dealers require a down payment, often a significant one. Consumers who have been unable to secure a loan because of major credit problems like bankruptcy often end up at these types of dealerships. Payments are made to the dealership, often in person, and the vehicles are typically less than $10,000.

It’s usually best to steer clear of such dealerships and opt for a car loan from a bad credit dealer in Thibodaux that can help you improve your credit. Apply online – let us get you approved.

Thibodaux Consumer Profile

The following are average statistics for residents of Thibodaux.

  • Average Salary: $932 Per Month
  • Average Car Payment: $103 (11% of Income)
  • Recommended Car Payment: $75 to $93 (8%-10% of Income)

Ever wondered about the credit scores of your community as a whole? We have calculated how many Thibodaux consumers are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 796
500-549 5% 1,990
550-599 8% 3,184
600-649 12% 4,777
650-699 15% 5,971
700-749 18% 7,165
750-799 27% 10,747
800-850 13% 5,175

If you’re in one of the lower ranges, don’t worry. We can still help you get approved.

bad credit auto loans Thibodaux

Lastly, if you have friends or family in nearby Houma, please keep in mind that we serve this area as well.