Looking For An Auto Loan In Louisiana During March 2020?
Getting the best deal on car finance in Louisiana can save you a significant amount of money over the life of your loan. That’s why you need a partner who knows how to get you approved for the car that you want at the lowest auto loan interest rate possible and without hassle.
There has never been a better time to get an auto loan than right now. Our network of lender partners provides quick and easy loan decisions for all credit situations. Our lender partners are making more loans, approving buyers with lower credit scores, offering lower monthly payments and making larger loans than ever before.
By working with us, you can get preapproved for a car loan before going to the dealership, so that you can negotiate as a cash buyer and get the best deal possible.
So, no matter what your credit situation, if you are looking for a quick, no-hassle auto loan at the best rate, just click the button below to get the process started. Our application form is simple and easy to use.
We Can Get You Financed Despite Any Special Circumstances
You need a new car and we are here to help you get it!
Your chances of obtaining vehicle financing are very good. Via our network of dealer and lender partners, we have many options available to get you financed. Difficult circumstances are our specialty and we have seen nearly every situation possible.
We have helped…
Car buyers get their first car
Car buyers with a past repossession
Car buyers with a past bankruptcy
Car buyers who are paid in cash
Car buyers who are self-employed
Car buyers who receive social security benefits
Car buyers who are on disability
Car buyers who are retired
Car buyers with no money to put down
Car buyers with a trade-in vehicle
Apply today and let us start helping you get that new car that you need!
Watch Our Video On Getting A Car Loan In Louisiana
AllCreditCarLoans Follows A Simple 1-2-3 Auto Loan Application Process
No need to wait for hours at a dealership or submit reams of paperwork. No need to worry about your gathering together your credit history. With our streamlined application process, everything is as easy as 1-2-3.
- 1 - COMPLETE OUR ONLINE APPLICATION - This process only takes a few minutes. Our simple application is safe and secure, so you don’t have to worry about your information. There is no cost. Applying for your auto loan is totally FREE.
- 2 - RECEIVE YOUR CREDIT APPROVAL - Getting your loan approval is fast and easy. AllCreditCarLoans has an extensive lending network, so the approval process is fast and efficient. You don’t have to wait for days, weeks or months. Many applicants receive loan approval on the same day.
- 3 - CHOOSE YOUR VEHICLE - With our easy as 1-2-3 process, you can buy your vehicle on the same day that your loan is approved. Just visit your nearby auto dealership and negotiate like a cash buyer.
Your Vehicle Financing Options
Your credit history and whom you are buying your car from will determine what kind of auto loan you need.
Whether you are buying a used or new vehicle from a dealer; you need a program designed to help you get a loan despite any credit challenges; or you are looking to refinance an existing loan - we are here to help.
We provide a variety of vehicle financing options to suit your budget and credit situation:
- Louisiana New Car Loans
- Louisiana Used Car Loans
- Louisiana Auto Refinance Loans
- Louisiana Good and Fair Credit Car Loans
- Louisiana Bad, Poor and Horrible Credit Auto Loans
Our loan programs are tailored to your exact needs and budget and are designed to meet or exceed the features of national auto finance companies like Capital One Auto Loans, Carmax Auto, USAA Car Loans, Chase Bank Auto Loans, Wells Fargo Auto Finance, Bank of America Auto Loans, NFCU Auto Loans, AAA Auto Loans, Key Bank Auto Loans, PNC BankAuto Loans, Bankrate Auto Loans, US Bank Auto Loans, TD Bank Auto Finance and State Farm Bank Auto Loans.
AllCreditCarLoans works with the best buy here pay here dealerships near you, bad credit dealers, second chance dealers and other lenders to provide the best rates.
We've provided loans for first-time buyers, students, active military and veterans. We've helped foreign nationals and others who do not qualify for a social security number to obtain an auto loan with their ITIN.
If you are looking for a title loan or the best place to refinance your vehicle, we have programs that can help you as well.
We also specialize in subprime auto financing even after bankruptcy and a repossession.
You are never alone in this process. Our reliable lender partners will guide you every step of the way -- from the time you begin processing your application, all the way to the day when you drive home your new car. Click the button below to let us get started helping you today!
Auto Loan Calculator For Louisiana
Use our car payment calculator to determine how much you can spend when refinancing or financing your next car. You can run different scenarios by varying the "down payment" and "number of months" fields in order to arrive at your desired payment.
Your total car expenses should be no more than 20% of your take-home pay.
What To Know Before You Apply For A Car Loan
Auto Loan Interest Rates
The interest rate you’ll receive depends upon your credit history, your income, the length of the loan and the vehicle you choose.
Auto Loan Terms
While it is possible to find a lender who will finance a vehicle for up to 84 months, we don't recommend stretching out payments any longer than you need. It’s best to pay off a car loan as quickly as you can since cars depreciate rapidly. The longer the loan term, the more probable that at some point you will end up owing more on the loan than the car is worth. Being underwater or upside-down on a loan is a risky financial situation. The best interest rates are available for shorter loan terms. We recommend keeping your loan term to 3 years for used cars and up to 5 years for new cars.
Auto Loan Credit Score
Credit scores give lenders an idea of how you manage your finances. These scores are essential in helping you plan your finances well. Likewise, credit scores can be testaments of how well you make decisions, as well as how healthy your spending habits are. Credit scores can help determine whether you pay your bills on-time, if you use your credit cards wisely, and how well you manage your loans.
The higher your credit score, the lower the interest rate you will likely be asked to pay.
Therefore, if you have multiple loans that are unpaid; if your credit cards have been maxed out and several of your bills remain unpaid, you earn a low credit score. While it does not define the kind of person that you are, your score can indicate an unhealthy financial habit, which can make you appear "too risky" and turn away lenders.
A lot of lenders do not offer auto finance loans to applicants who have a low credit score because they do not want to encounter problems when collecting payments. Some lenders accept borrowers with low scores, but they often charge higher interest rates for the loans they make. This is because they want to lessen the risks that your low credit score represents.
But AllCreditCarLoans is different. We work with leading car finance lenders and auto dealers to help you find the best auto loan terms for your credit situation. Fill out our quick and easy one-page application to let us get you financed today.
Soft vs. Hard Credit Pull
Your auto lender may do a "soft" credit pull in order to pre-qualify you for a car loan. A "soft" credit pull doesn’t subtract from your credit score the same way a "hard" pull does, but it also doesn’t guarantee you’ll be approved for a loan or that you'll get the exact rate you’ve been quoted. A "hard" credit pull will be required before the loan terms are finalized.
If you are applying with multiple lenders in order to shop the best interest rates, it makes sense to complete all your loan applications within a short time-frame. The credit reporting agencies tend to count multiple hard inquiries made within a short period as only one inquiry.
It's a good idea to know your credit score before you apply for your loan. If you are unsure what your credit score is, you can always use this service to find your credit score.
If your credit score could use improvement, you can work with a credit repair vendor to improve your credit score.
Car Loan Restrictions
Some lenders only work within a specific network of auto dealerships. This could limit your choice of vehicles to a handful of auto makes, models and vehicle types.
Some lenders will only work with car dealers so you won't be able to use them to buy a car from a private seller.
Steps To Get An Auto Loan
Shopping for an auto has never been easier. Our streamlined process and vast network of lending partners make getting a car loan quick and easy.
1 - Budget For Your Auto Purchase
The first step in obtaining auto financing is to figure out how much you can afford to spend.
If you have a car to trade-in, you should determine its value so that you can factor that into your budget. A good resource for determining your auto's market value is Kelley Blue Book.
Next, you'll want to consider how much money you have to use for a down-payment. The more money you put down, the lower your monthly payment will be. If you need an auto loan with no down payment, don't worry. We can still help you.
Finally, use our vehicle finance calculator to estimate your monthly payment. You can vary the interest rate and loan term to see how that affects the potential monthly payment.
2 - Choose Whether You Want A New Or Used Vehicle
If you are looking to get the most value for your dollar, you will likely be better off financing a used car. For the best results, follow our used car recommendations.
If you've chosen to buy a new car, you will most likely be purchasing the vehicle from a car dealership. In order to get the best deal on new car financing, follow our new car recommendations.
3 - Apply For Your Loan
Click the button below and fill out our quick and easy application form to get started right away!
New Car Loans
New car loans are the most common type of auto financing. Beyond the traditional option of getting approved through a new car dealer, many consumers have found that they can save money and gain negotiating leverage by arranging their auto financing in advance.
Most new car dealerships are able to apply rebates and incentives to reduce the need for money down. If you have negative equity in a vehicle that you're trading in, you may have to provide money down to cover the negative equity so that it's not carried over into your new loan. While buying a new car with bad credit isn't so common, there are many manufacturers that offer lower-priced new cars with attractive financing incentives to make buying easier for people with lower credit scores.
Let us help you get preapproved for that new car loan and you will become a cash buyer. This saves you time at the dealership and gives you the power to negotiate your best deal on any car you choose. Apply for a new car loan in Louisiana and see how much we can save you.
Used Auto Loans
A used car loan is our most commonly requested loan. By letting us help pre-arrange your funding source, you know that you'll have the power to negotiate the best deal. Apply for a used vehicle loan and see what type of rate & term you can get from our participating lenders.
Buying a used auto will typically provide the best value. That's because the prior owners have already absorbed the biggest portion of the vehicle's depreciation and you may have the option to buy directly from a private seller, thus saving dealer fees. We can help you with an auto loan to buy from a private seller.
If you choose to purchase a used vehicle, you can click here to view the inventory of used car dealerships in Louisiana.
Shopping For The Best Auto Loan Rates In Louisiana?
Whether you are looking for the best car loan interest rate for a new or used vehicle, or you want to refinance an auto loan, we can help.
With a lower interest rate, you'll save money and pay off your car loan faster. The single most important thing you can do to save money on an auto loan is to shop for the best auto loan rate before you set foot in a dealership. By knowing what kind of rate you qualify for before you try to buy a vehicle, you accomplish three things:
- You'll know what range of car payments you can qualify for
- You can focus your negotiations with the dealer on the vehicle price rather than on financing terms
- You won't end up getting a higher cost loan than you want
Use our car loan calculator to determine what range of payments you can expect. You can enter your balance, term, and interest rate to calculate what the payment will be. You can compare different scenarios to see how much more you can save by increasing your down payment.
Average Car Payment Interest Rates You Can Expect
|Credit Score Range||Average APR for a New Car||Average APR for a Used Car|
|781 - 850||3.68%||4.34%|
|661 - 780||4.56%||5.97%|
|601 - 660||7.52%||10.34%|
|501 - 600||11.89%||16.14%|
|300 - 500||14.41%||19.98%|
Why Getting Preapproved For An Auto Loan Is Important
Having a preapproved car loan streamlines the buying process because you become a cash buyer and you can bypass the usual salesman's tactic of negotiating based on monthly payment. The problem with negotiating based on the monthly payment amount is that you can easily lose sight of the total cost and end up paying more in the long run.
As you negotiate your best deal, be sure to leave enough money to cover the sales tax and any additional fees. This way your total "out the door" cost does not exceed the maximum amount of your preapproved auto loan.
While you are at one of the auto dealers near you, the finance manager may try to beat the interest rate of your preapproved loan. Before accepting the dealer's replacement loan, make sure that the interest rate is lower, all of the other terms are comparable, and the final total price is less. It's good to be cautious because there is always a risk that the finance manager could juggle the numbers in the dealership's favor and you could end up spending more money than you would with your preapproved car loan.
How Does Getting Preapproved For A Vehicle Loan Work?
Dealers usually offer vehicle financing through their preferred lenders, typically at a higher interest rate than available elsewhere. Getting preapproved directly with one of our lender partners helps you to negotiate the best interest rate before you even get to the car dealership so that you can save money in the long run.
When you start your auto buying process at a dealer, the salesmen will focus on the monthly payment, which makes it easy to forget about the actual price of the vehicle. But when you show up with a preapproved loan, negotiations can be based on the price instead.
How To Get Pre-Qualified For An Vehicle Loan
When you’re applying with AllCreditCarLoans, the application process is simple and quick. You should have the following information on-hand:
- Proof of income
- Driver’s license and Social Security number
- Employment verification
This information helps our lending partners to get a clear picture of your financial status, making it easier to secure the best auto loan rates for your credit situation.
Louisiana (/luˌiːziˈænə/ (listen), /ˌluːzi-/ (listen)) is a state in the Deep South region of the South Central United States. It is the 31st most extensive and the 25th most populous of the 50 United States. Louisiana is bordered by the state of Texas to the west, Arkansas to the north, Mississippi to the east, and the Gulf of Mexico to the south. A large part of its eastern boundary is demarcated by the Mississippi River. Louisiana is the only U.S. state with political subdivisions termed parishes, which are equivalent to counties. The state’s capital is Baton Rouge, and its largest city is New Orleans.
Louisiana is bordered to the west by Texas; to the north by Arkansas; to the east by Mississippi; and to the south by the Gulf of Mexico.
The state may properly be divided into two parts, the uplands of the north, and the alluvial along the coast.
The alluvial region includes low swamp lands, coastal marshlands and beaches, and barrier islands that cover about 20,000 square miles (52,000 km). This area lies principally along the Gulf of Mexico and the Mississippi River, which traverses the state from north to south for a distance of about 600 mi (970 km)) and empties into the Gulf of Mexico; the Red River; the Ouachita River and its branches; and other minor streams (some of which are called bayous).
The breadth of the alluvial region along the Mississippi is from 10 to 60 miles (15 to 100 km), and along the other rivers, the alluvial region averages about 10 miles (15 km) across. The Mississippi River flows along a ridge formed by its own natural deposits (known as a levee), from which the lands decline toward a river beyond at an average fall of six feet per mile (3 m/km). The alluvial lands along other streams present similar features.
The higher and contiguous hill lands of the north and northwestern part of the state have an area of more than 25,000 square miles (65,000 km). They consist of prairie and woodlands. The elevations above sea level range from 10 feet (3 m) at the coast and swamp lands to 50 and 60 feet (15–18 m) at the prairie and alluvial lands. In the uplands and hills, the elevations rise to Driskill Mountain, the highest point in the state at only 535 feet (163 m) above sea level. From years 1932 to 2010 the state lost 1,800 sq. miles due to rises in sea level and erosion. The Louisiana Coastal Protection and Restoration Authority (CPRA) spends around $1 billion per year to help shore up and protect Louisiana shoreline and land in both federal and state funding.
Besides the waterways already named, there are the Sabine, forming the western boundary; and the Pearl, the eastern boundary; the Calcasieu, the Mermentau, the Vermilion, Bayou Teche, the Atchafalaya, the Boeuf, Bayou Lafourche, the Courtableau River, Bayou D’Arbonne, the Macon River, the Tensas, Amite River, the Tchefuncte, the Tickfaw, the Natalbany River, and a number of other smaller streams, constituting a natural system of navigable waterways, aggregating over 4,000 miles (6,400 km) long.
The state also has political jurisdiction over the approximately 3-mile (4.8 km)-wide portion of subsea land of the inner continental shelf in the Gulf of Mexico. Through a peculiarity of the political geography of the United States, this is substantially less than the 9-mile (14 km)-wide jurisdiction of nearby states Texas and Florida, which, like Louisiana, have extensive Gulf coastlines.
The southern coast of Louisiana in the United States is among the fastest-disappearing areas in the world. This has largely resulted from human mismanagement of the coast (see Wetlands of Louisiana). At one time, the land was added to when spring floods from the Mississippi River added sediment and stimulated marsh growth; the land is now shrinking. There are multiple causes.
Artificial levees block spring flood water that would bring fresh water and sediment to marshes. Swamps have been extensively logged, leaving canals and ditches that allow saline water to move inland. Canals dug for the oil and gas industry also allow storms to move sea water inland, where it damages swamps and marshes. Rising sea waters have exacerbated the problem. Some researchers estimate that the state is losing a land mass equivalent to 30 football fields every day. There are many proposals to save coastal areas by reducing human damage, including restoring natural floods from the Mississippi. Without such restoration, coastal communities will continue to disappear. And as the communities disappear, more and more people are leaving the region. Since the coastal wetlands support an economically important coastal fishery, the loss of wetlands is adversely affecting this industry.
The United States Census Bureau estimates that the population of Louisiana was 4,659,978 on July 1, 2018, a 2.79% increase since the 2010 United States Census. The population density of the state is 104.9 people per square mile.
The center of population of Louisiana is located in Pointe Coupee Parish, in the city of New Roads.
According to the 2010 United States Census, 5.4% of the population aged 5 and older spoke Spanish at home, up from 3.5% in 2000; and 4.5% spoke French (including Louisiana French and Louisiana Creole), down from 4.8% in 2000.
According to the US census estimates, the population of Louisiana in 2014 was:
The major ancestry groups of Louisiana are African American (30.4%), French (16.8%), American (9.5%), German (8.3%), Irish (7.5%), English (6.6%), Italian (4.8%) and Scottish (1.1%).
As of 2011, 49.0% of Louisiana’s population younger than age 1 were minorities.
The largest denominations by number of adherents in 2010 were the Catholic Church with 1,200,900; Southern Baptist Convention with 709,650; and the United Methodist Church with 146,848. Non-denominational Evangelical Protestant congregations had 195,903 members.
As in other Southern states, the majority of Louisianians, particularly in the north of the state, belong to various Protestant denominations, with Protestants comprising 57% of the state’s adult population. Protestants are concentrated in the northern and central parts of the state and in the northern tier of the Florida Parishes. Because of French and Spanish heritage, and their descendants the Creoles, and later Irish, Italian, Portuguese and German immigrants, southern Louisiana and the greater New Orleans area are predominantly Catholic.
Since Creoles were the first settlers, planters and leaders of the territory, they have traditionally been well represented in politics. For instance, most of the early governors were Creole Catholics. Because Catholics still constitute a significant fraction of Louisiana’s population, they have continued to be influential in state politics. As of 2008 both Senators and the governor were Catholic. The high proportion and influence of the Catholic population makes Louisiana distinct among Southern states.
Jewish communities are established in the state’s larger cities, notably New Orleans and Baton Rouge. The most significant of these is the Jewish community of the New Orleans area. In 2000, before the 2005 Hurricane Katrina, its population was about 12,000. Louisiana was among the southern states with a significant Jewish population before the 20th century; Virginia, South Carolina, and Georgia also had influential Jewish populations in some of their major cities from the 18th and 19th centuries. The earliest Jewish colonists were Sephardic Jews who immigrated with English colonists from London. Later in the 19th century, German Jews began to immigrate, followed by those from eastern Europe and the Russian Empire in the late 19th and early 20th centuries.
Prominent Jews in Louisiana’s political leadership have included Whig (later Democrat) Judah P. Benjamin (1811–1884), who represented Louisiana in the U.S. Senate before the American Civil War and then became the Confederate secretary of state; Democrat-turned-Republican Michael Hahn who was elected as governor, serving 1864–1865 when Louisiana was occupied by the Union Army, and later elected in 1884 as a US congressman; Democrat Adolph Meyer (1842–1908), Confederate Army officer who represented the state in the U.S. House of Representatives from 1891 until his death in 1908; Republican secretary of state Jay Dardenne (1954–), and Republican (Democrat before 2011) attorney general Buddy Caldwell (1946–).
Zip Code Map
Louisiana neighborhoods include: Abbeville, Addis, Alexandria, Ama, Anacoco, Angie, Arnaudville, Avondale, Ball, Barataria, Barksdale Afb, Basile, Bastrop, Baton Rouge, Belcher, Bell City, Belle Chasse, Belmont, Benton, Bethany, Bogalusa, Bonita, Bossier City, Bourg, Boyce, Braithwaite, Branch, Breaux Bridge, Bridge City, Broussard, Bunkie, Buras, Calhoun, Carencro, Carville, Center Point, Chauvin, Cheneyville, Choudrant, Church Point, Clifton, Colfax, Collinston, Columbia, Converse, Cottonport, Cotton Valley, Coushatta, Covington, Crowley, Darrow, Dequincy, Deville, Donaldsonville, Downsville, Doyline, Dry Prong, Dulac, Duson, Effie, Egan, Elmer, Elm Grove, Erath, Eros, Eunice, Evangeline, Evergreen, Fisher, Flatwoods, Florien, Folsom, Forest Hill, Franklinton, Frierson, Geismar, Gibson, Gilliam, Glenmora, Gonzales, Grand Isle, Gray, Greenwood, Gretna, Grosse Tete, Harahan, Harvey, Haughton, Hessmer, Hineston, Hornbeck, Hosston, Houma, Ida, Iota, Iowa, Jackson, Jennings, Jones, Keatchie, Keithville, Kenner, Lafayette, Lafitte, Lake Charles, Lecompte, Leesville, Lena, Lockport, Madisonville, Mandeville, Mansura, Many, Maringouin, Marksville, Marrero, Marthaville, Maurepas, Maurice, Mer Rouge, Metairie, Monroe, Montegut, Mooringsport, Mora, Moreauville, Morgan City, Morrow, Morse, Moss Bluff, Mount Hermon, New Iberia, New Orleans, Noble, Oakdale, Oak Grove, Oak Ridge, Oil City, Otis, Parks, Pierre Part, Pineville, Pitkin, Plain Dealing, Plaquemine, Plaucheville, Pleasant Hill, Pollock, Port Allen, Port Sulphur, Prairieville, Princeton, Provencal, Ragley, Rayne, River Ridge, Robeline, Rodessa, Rosedale, Saint Amant, Saint Francisville, Saint Gabriel, Saint Martinville, Schriever, Scott, Shreveport, Sieper, Simmesport, Slidell, Sorrento, Springhill, Starks, Sterlington, Stonewall, Sulphur, Sunset, Sunshine, Terrytown, Theriot, Thibodaux, Varnado, Venice, Ville Platte, Vinton, Vivian, Westlake, West Monroe, Westwego, White Castle, Woodworth, Youngsville, Zachary, Zwolle
For more information, see Louisiana wiki