Bad Credit Auto Loans in Westwego (LA)

We know that getting approved for a car loan can be stressful. That’s why we launched our application placement platform. Each bank, dealer, or finance company has their own approval standards, so it’s very important to find one willing to work with your credit. Apply online, and we’ll find you an auto loan that is right for you.

Westwego Bad Credit Car Dealerships

For those who have problematic credit, you’ve come to the perfect place – this type of financing is one of our specialties. There are three subprime credit tiers:

  • Tier 3/C: 580-660
  • Tier 4/D: 520-580
  • Tier 5/F: 250-520

Whatever your score, there are lenders that want to get you into a new car. A down payment, as well as monthly income of $1500 per month will typically be expected for any bad credit car loan in Westwego; however, most applicants receive their approval right away. Let us find you a lender or dealer that finances bad credit – online! Apply Online!

How Much Can I Borrow?

How big of a loan will you be able to obtain? That will be dictated by how much verifiable income you have, together with the state of your credit. This chart details loan amounts for people of various credit tiers, given the average monthly income in Westwego, $1,198. Bear in mind, these are only estimates.

Credit Income Factor Amount Borrowed
Great Credit 10 $11,980
Average Credit 9 $10,782
Subprime Credit 8 $9,584
Poor Credit 7 $8,386
Very Bad Credit 6 $8,386

Again, the amounts listed above are approximations. For an exact quote, please submit your application.

No Money Down Car Loans in Westwego?

Don’t have a down payment? In many cases, this won’t be a problem. However, providing a down payment is recommended for a number of reasons: it lowers your payment amount, total interest, and problems with negative equity. Listed here are the ideal down payments for new and used vehicles.

  • Used Vehicle: 10%
  • New Vehicle: 20%

With that said, you no longer need a down payment to submit an application. Submit your application, and enter a zero in the down payment section. We’ll do our very best to place your application with a dealer or lender who can approve you, no down payment required.

Buy Here Pay Here Car Dealers in Westwego

If you’ve been through a bankruptcy or repossession, you have likely thought about working with a buy here pay here dealership in Westwego. These dealerships approve car loans directly, instead of relying on a network of finance companies. They work with people with issues like open bankruptcy or repossession on their records.

We recommend that you eschew these Westwego BHPH dealers and opt for a bad credit car loan online. Apply online – let us get you approved.

Credit and Income: Westwego

Below are some average statistics for Westwego residents.

  • Pre-Tax Earnings: $1,198 Per Month
  • Average Car Payment: $132 (11% of Income)
  • Ideal Monthly Payment: $96 to $120 (8%-10% of Income)

Subprime credit. It’s quite common in Westwego and across Louisiana. The table below shows the estimated number of Westwego consumers at each credit level.

FICO Score % of Population Residents
300-499 2% 683
500-549 5% 1,708
550-599 8% 2,732
600-649 12% 4,098
650-699 15% 5,123
700-749 18% 6,147
750-799 27% 9,221
800-850 13% 4,440

If you’re in one of the lower ranges, fear not. We have lenders who work with each of these credit tiers.