Credit Assistance Programs in New Orleans, LA
The Ray Brandt Toyota finance department offers our Louisiana customers access to credit assistance and available bankruptcy approval programs designed to help even the most credit challenged individuals obtain a new or quality used vehicle. We understand that not everyone has perfect credit, but we don’t believe that should disqualify you from obtaining the vehicle you’re looking to purchase. Regardless of your current credit score or your previous credit history, Ray Brandt Toyota wants to help!
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What Documentation Should You Bring to the Dealership for Financing?
If applying for a subprime car loan, the applicant will have to bring a few additional records. This is because a moneylender is incurring a high risk when financing a subprime car loan.
Valid Driver’s License
Verify your license is not expired, revoked or suspended and ensure the address listed on your license is current and matches your residence.
Proof of Insurance
Take care to include the name of your agent and a reliable contact number. Adding a new car to your policy won’t be necessary until approved.
Proof of Residency
A recent bill for utilities, such as water or electric, is sufficient proof so long as your name is listed and matches the address given.
Proof of Employment
A recent pay stub stating your year-to-date earnings is sufficient. Self-employed individuals must provide two years of prepared tax returns.
A reference can include anyone that knows you personally, such as a family member or friend. Include full names, addresses and phone numbers.
Phone Number Verification
Any phone number provided must be currently in service and under the applicant’s name. Prepaid cell phone numbers will not be accepted.
Additional Documents are Required if any of the Following Apply to You:
- Individuals trading in a vehicle must provide the title.
- Individuals who have completed a bankruptcy must provide discharge papers.
- Individual currently in an open Ch. 13 bankruptcy must provide necessary paperwork after receiving an Authorization to Incur Additional Debt from the court.