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In today’s market, you’ll find it quite difficult to buy a new car or truck if you can’t get approved for a vehicle loan. Quite often, your financing will be arranged on the day of purchase, but this can be a very lengthy process. Instead of wasting time at the dealer or bank, you can submit your application for your auto loan online. You could be discussing the details of your loan before you know it.

Auto Finance Rates in Baton Rouge

What will your APR be? In reality, your rate of interest varies hugely based on your credit score, among a variety of other things. The rates shown below are only for informational purposes. These aren’t advertisements, and your exact rate could deviate vastly from what’s displayed below.

FICO Score New Car Used Car
Excellent 3.1% 3.5%
Good 4.8% 5.2%
Average 7.0% 7.7%
Subprime 9.5% 9.6%
Bad 13.4% 13.6%
Very Bad 14.3% 15.1%

It’s very helpful to know your credit score when submitting an application for financing. You will find all kinds of ways to check your credit. Here’s one of the best to do so: link.

Used Car Auto Loans in Baton Rouge

Options like 0% loans and zero down payment are available on new cars when you’ve got first-rate credit. On the other hand, it is smarter to finance a second hand vehicle, since the overall cost will be a lot less. Have a look at the comparison below, which depicts the costs associated with car loans for brand new versus used vehicles.

Years Old Price Rate Months Payment Interest Total
New $25,800 6.00% 60 $498.79 $4,127 $29,927
1 Year $20,640 7.50% 60 $413.58 $4,175 $24,815
2 Years $17,544 7.50% 60 $351.55 $3,549 $21,093
3 Years $14,912 7.50% 60 $298.81 $3,016 $17,929

As you have seen, the car financed new for $25,800 will only be worth $14,912 after 36 months of ownership. Listed below are the common limitations on used car loans:

  • Car no older than 7-10 years.
  • Mileage no higher than 100,000.
  • Purchased from dealer, not private party.

Bad Credit Car Loans in Baton Rouge

Has your credit been marred by bankruptcy, repossession, or other issues like this? More often than not, the better your credit, the lower your rate of interest. Before the internet, you might be turned down at a number of lenders or dealers before securing financing.

On the spot loans are another option, available from Baton Rouge’s buy here pay here (BHPH) car lots. There’s a price for that lack of credit check: inflated annual percentage rates, stringent conditions, and high-priced, well-used vehicles. You’ll want to avoid these car lots when you can, obtaining a car loan online. The rates are typically less expensive, the terms considerably better, and you have the chance to rebuild your credit along the way.

Best of all, you can submit your application online.

Can a Car Loan Improve Your Credit?

An auto loan can boost your credit, provided that it meets these guidelines:

  • It is not supplied by a buy here pay here dealership.
  • The payments are made punctually, month after month.

Your credit score doesn’t surge the moment you pay off your auto loan. It slowly increases as you make your payments month after month. It’s smart to enroll in automated payments, in order to ensure you never skip any installment payments.

Baton Rouge Resources

Credit Unions


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Address,Zip Code,Telephone” data=”A L E C,10725 Airline Hwy,70816,(225) 293-3450,A M E Church,1358 South Blvd,70802,(225) 376-4566,Allied Plastics,P. O. Box 53006,70892,(225) 775-1082,Allied Plastics Federal Credit Union,12875 Scenic Hwy,70807,(225) 775-1082,Ame Federal Credit Union,1358 South St,70802,(225) 376-4566,Baton Rouge City Parish Emp,P.O. Box 3521,70821,(225) 389-3059,Baton Rouge City Parish Emp,433 Government St,70802,(225) 389-3059,Baton Rouge Fire Department,PO Box 40118,70835,(225) 274-8383,Baton Rouge Fire Department,11123 Boardwalk Dr,70816,(225) 274-8383,Baton Rouge Telco,13404 Airline Hwy,70809,(225) 924-8900,Baton Rouge Telco,2226 Wooddale Blvd,70806,(225) 924-8900,Bayou,5880 Florida Blvd,70806,(225) 925-8800,Bayou,5825 Florida Blvd,70806,(225) 925-8800,Bayou,9050 Airline Hwy,70815,(225) 925-8800,Bayou,5525 Reitz Ave,70809,(225) 925-8800,Bayou,3600 Florida Blvd,70806,(225) 925-8800,Bayou,8601 Summa Ave,70809,(225) 925-8800,Breco,1850 S Sherwood Forest Blvd,70816,(225) 273-1529,Breco,4171 Essen Ln,70809,(225) 932-5859,Breco,446 North Blvd,70802,(225) 381-5791,Campus,P.O. Box 98036,70898,(225) 769-8841,Campus,Union Building,70803,(225) 769-8841,Campus,Nicholson Extension,70803,(225) 769-8841,Campus,5711 S Sherwood Forest Blvd,70816,(225) 769-8841,Capital City Press,P.O. Box 2149,70821,(225) 761-5111,Capital City Press,7290 Bluebonnet Blvd,70810,(225) 761-5111,Department Of Corrections,P O Box 4789,70821,(225) 342-6618,Dow Louisiana,6725 Siegen Ln,70809,(225) 353-8238,E Federal Credit Union,10719 Airline Hwy,70816,(225) 214-6800,E Federal Credit Union,1939 S Sherwood Forest Blvd,70816,(225) 214-6800,Eagle La Federal Credit Union,3949 North Blvd,70806,(225) 342-5730,Eagle Louisiana,P.O. Box 64630,70896,(225) 927-1900,Eagle Louisiana,504 N 5th St,70801,(225) 927-1900,Eagle Louisiana,2271 College Dr,70808,(225) 927-1900,Eagle Louisiana Federal Credit Union,3949 North St,70806,(225) 927-1900,East Baton Rouge Teachers,4836 Plank Rd,70805,(225) 355-8896,Kaiser Employees Credit Union,1733 Wooddale Blvd,70806,(225) 927-1710,Keypoint,PO Box 87210,70879,(225) 214-9400,Keypoint,5423 S Sherwood Forest Blvd,70816,(225) 214-9400,Keypoint,1836 Shada Ave,70805,(225) 214-9450,La Capitol,P.O. Box 3398,70821,(225) 342-5055,La Capitol,7018 Siegen Ln,70809,(225) 342-5055,La Capitol,7142 Florida Blvd,70806,(225) 342-5055,La Capitol,700 Main St,70801,(225) 342-5055,La Capitol Federal Credit Union,660 Laurel St,70801,(225) 342-5055,La Employment Security FCU,950 N 22nd St,70802,(225) 342-3288,Lawilifie,4637 Jamestown Ave,70808,(225) 663-6618,Louisiana Farm Bureau,9516 Airline Hwy,70815,(225) 922-6405,LSU Credit Union,6230 Perkins Rd,70808,(225) 769-8841,Louisiana USA FCU,P O BOX 15745,70895,(225) 292-8910,Louisiana USA FCU,9696 Plank Rd,70807,(225) 292-8910,Louisiana USA FCU,10289 Airline Hwy,70816,(225) 292-8910,Louisiana USA FCU,Po Box 15745,70895,(225) 292-8910,Main Street Financial,1201 Capitol Access Rd,70802,(225) 387-5646,Neighbors,PO Box 2831,70821,(225) 819-2178,Neighbors,13336 Hooper Rd,70818,(225) 819-2178,Neighbors,7800 Howell Place Blvd.,70807,(225) 819-2178,Neighbors,12529 Perkins Rd,70810,(225) 819-2178,Neighbors,7844 Goodwood Blvd,70806,(225) 819-2178,Neighbors,13697 Coursey Blvd,70816,(225) 819-2178,Olol Regional,5000 Hennessy Blvd,70808,(877) 337-2843,Pelican State,PO Box 40088,70835,(225) 408-6100,Pelican State,450 Lobdell Ave,70806,(225) 927-1733,Pelican State Credit Union,2645 O’Neal Ln,70816,(225) 752-1185,Pelican State Credit Union,11585 Lake Sherwood Ave N,70816,(225) 408-6100,Postal,P.O. Box 167,70821,(225) 383-4109,Postal,8101 Bluebonnet Blvd,70810,(225) 383-4109,Postal,510 N 6th St,70802,(225) 383-4109,S.A.I.F.,PO Box 77959,70879,(225) 292-5490,S.A.I.F.,10190 Celtic Dr,70809,(225) 292-5490,Saif Federal Credit Union,10190 Mayfair Dr,70809,(225) 292-5490,Southern Teachers & Parents,728 Harding Blvd,70807,(225) 775-8597,Southwest Corporate FCU,3101 Highland Rd,70802,(225) 343-0858″][/tboot_table]