Have you heard about a car loan even when you have bad credit? Do you live in New Orleans and need quick and urgent cash? Are you wondering if you can have access to that kind of car loan even with bad credit? The Car Loans of America is your answer.
Getting a loan on your car even without good credit is not as difficult as it might appear and with Car Loans of America, the process is easy and hassle free. We are here to work you through the process and get you the money you need in a speedy and effective manner.
Money should not be an obstacle to getting the car you need and we are happy to help you get rid of this obstacle.
Who Are We?
Car Loans of America is an auto finance company that seeks to provide car loans to those who need it as fast as possible despite what your credit status might be and this service extends to car owners in New Orleans. We will go the extra mile to ensure that you can get the loan you need even allowing you apply online!
With us, you can get great rates if you are either looking to get a car loan or renew one. We are a car financing institution that looks after the customer, getting them what they need without the usual issues faced from more traditional financial sources. Even if you have had issues getting loans from other financial institutions, we would still be able to help you out.
Our work spans across American cities including New Orleans where we can provide you with direct car loan services even within the same day of application as long as all the required information and verification is available.
What If You Have No Credit at All?
You might already have a car but do not have a recognisable credit record, status or history. Will you still be able to access a car loan?
The answer is yes.
Your credit status is not the most important thing for getting a car loan from us and so you can still have access to one even without any credit history. We understand that it takes a while to build one and this will not be a disadvantage to you.
When Can You Use Car Loans of America?
We will be able to help you with a car loan even if this is your first car purchase – new or used – or if you need to replace your old car. We can also help you by providing a loan against the car you already have while still letting you drive it as you pay back the loan. Our services are varied and we are willing to work with you through your finances to get you what you need.
How Are We Able to Offer Car Loans Despite Your Credit Score?
Unlike many other financial institutions, Car Loans of America looks beyond just your credit score and considers different factors in deciding whether to approve your application for a car loan. The more important factors we consider include your employment status which points to a regular income that will allow you pay back the loan and being able to show proof of the amount of regular income you declare.
Important Car Loan Considerations
We are interested in getting you the help you need but we want you to be as informed and aware as possible before going into it. We are open to finding you the best option and getting the best deal but we also want you to make the choice with all the required information available to you.
- Payments: Of course, one of the first things to consider is the payment option and plan. It is important to make sure that you understand the total amount you will be required to pay as well as how much you would need to make in monthly payments. You need to ensure that all of these are a good fit for you. Getting a loan should not mean that you pay too much over what the car is worth. Compare the original worth of the car to what you end up paying with everything considered. Get a payment schedule that works with you and fits with your regular financial commitments.
- Interest Rates: You should find out how much interest rates will be collected and how this will affect you and fit into your finances. You need a rate that is fair and considerate as well as convenient for you to pay without putting a dent in your finances.
- What You Have: This is something you might not find with most financial institutions. We at Car Loans of America encourage you to remember what you can afford. A loan can give you the impression of money you do not have and end you in debt when you go above what you have. You need to be realistic with your finances and income to ensure that you can afford the payments without damaging your lifestyle. While a car might be extremely useful to you, it should not bring about a problem for you. You should also ensure that apart from your monthly payments, you should also have access to what you need to survive and still have savings and an emergency fund. Before you take the leap, check out your recurrent expenses and how much you would live on.
- Look to the future: Don’t just think in the immediate. Go beyond that to your mid and long term to make sure that in the long run, this will be a good choice. This should not affect other future needs that cannot be put off such as college, retirement and your home payments. Make sure to have an overall view of your needs and finances for the entire duration of repaying the loan to make sure that everything has its place. A suggestion is to make sure that your car loan repayments and expenses do not exceed 10% of your monthly income although this is of course a recommendation and not a hard rule.
- Upfront payments: The possibility of monthly payments should not eliminate the possibility of paying what you can afford upfront as this reduces how much you have to pay monthly and how long you will have to keep paying monthly. Something you might not already be aware of is that paying more upfront gives more financial assurance and will give you less not just in what is owed but also in interest. Where you can afford it, pay more upfront.
Benefits of Car Loans of America
Even after all of this, you might still not be fully convinced and wonder what you stand to gain from going with us and how this might benefit you especially if you have been considering other financiers and financial institutions. These are some of the reasons to be considered when deciding whether to go with us.
- Of course, one of the biggest benefits over other financiers is that we are able to provide you with a car loan even if you have a bad or even no credit history at all. Where this would usually prove a problem for most financiers, we are able to work with you and consider other factors in getting you the loan you need.
- Our process of applying for the loan is easy, convenient, straightforward, efficient and eliminates all the usual hassle associated with loans.
- We offer a payment schedule that works with you and your income. We want this to fit comfortably into you regular income and expenses and as such try to be flexible and give you negotiable rates. We allow for up to 48 months to repay the loan, encouraging you to see this as a short-term loan so you do not end up paying too much in interest rates over time.
- Our representatives are always on hand to provide a friendly and efficient service. Their dedication and willingness to assist will help provide you with what you need.
- We have no hidden charges and are upfront about what you will have to pay with us. It is most important to work with you to find an arrangement that works with you.
- We offer very competitive rates that are both flexible and negotiable.
What Do You Need to Get the Car Loan?
Our aim is to provide a process that is easy and straightforward with as little requirements as possible. We therefore only require the most essential information from you that enables us process this even with bad or no credit. These are
- Valid/authorized means of identification to prove that you are who you say you are
- As previously mentioned, we need to see proof of your monthly income. This just shows us how much you earn regularly and that this will cover your monthly payments.
- We will also need you to give us permission to insure the car you will be getting. This is added financial security to enable you secure the loan.
- Character references to assure us as we take this financial investment in you. This will speak to your honesty and integrity that says you will pay back the loan fully.
- Your stating the interest to get your car from our authorized or recommended dealers.
- Although your credit status is not the most important thing, we require you to allow us check it anyways so you would need to submit a credit application
How Can You Apply for A Car Loan At Car Loans of America?
Your answer really is just a click away with our easy and effective online application service that allows you fill out all the required information in online and begin the process to accessing your loan. Once we can verify the information and everything is in order, you can get your loan in as little as a few hours.
Our quick approval process is aimed at getting the money you need to you while still maintaining a hassle, red tape free process that eliminates the extensive paperwork other financial institutions might put you through.
No matter the kind of car loan you are trying to access, you can go to https://www.carloansofamerica.com/apply/, fill out the necessary information in the space provided and submit it. Once everything is clear, you could be driving your car in a few minutes without ever having to visit our physical office. You can access everything you need online without having to worry.
Everything you need can be done online and you only need to go through the following process which are also available online:
- The application for a car loan
- Regular checks and reviews of your statement
- Saving and printing statement
- Payment from any device including mobile, tablets or laptops
- Profile updates
- One-time payments
- Set up or schedule automatic payments
- Reschedule your future payments
Once you meet all the requirements and have considered all these factors, you are on your way to partnering with us to get your car loan. The next step is for you to demonstrate this interest by applying online.
We have a great team that is efficient, friendly and prepared to work with you. We will ask a few important questions to assess where you stand and find you the best option possible
We can even grant preapproval which will allow you walk into the recommended partner dealerships and begin choosing the car that works for you. Once you have met all our requirements, go ahead and select the car of your choice that meets your needs and is within your budget.
We give you a number of options as we work with 15000 dealerships in America which includes in New Orleans. This makes the process much easier and will get you the car you desire quicker and easier.
We are looking forward to working with you and providing whatever guidance you need through the process.