Don't Get Taken for a Ride

A pre-approval application requires a hard credit check, which is recorded on your credit report and can affect your score. However, here’s the important thing to keep in mind: Multiple checks for the same type of business (in this case, auto loan providers) within a two-week period only count as a single check.

That means you can shop around with peace of mind knowing your credit score won’t dip with each dealership or financial institution you visit.

Great question! Knowing how much you can afford on a car note each month is key to making a stress-free purchase. We recommend spending no more than 15% of your take-home pay on a car note. 

It’s also important to consider other factors that may impact your ability to pay each month, like fluctuations in income or other upcoming expenditures. You can get a jumpstart on finding your perfect number by calculating your budget here.

This may seem like an unbeatable deal. However, be aware—dealerships use this tactic to quickly secure buyers. These types of offers are often tied to specific conditions, like shorter loan durations or the forfeiture of discounts like manufacturer rebates.

This is why it’s important to always look beyond the headline rate and consider the entire deal with all of its stipulations. Before making a final decision, we suggest looking into alternative financing options, so you can compare total cost and savings with a full view of the road ahead.

Absolutely! We believe everyone should have a loan that works for them and their monthly budget. With competitive rates, flexible payment terms and an easy application process, you can switch today to a rate that better fits your needs.

In Louisiana, the average APR is currently 7.41% for a new car loan and 12.39% for a used car loan. These averages may fluctuate.