Financing/FAQ

If you are unsure where to go, what to do, or who to speak to. Give us a call!

Information and updates regarding in-house financing can be found in the "Note" section below.

 

 Worth Noting: We always give you a purchase agreement upfront with a clear and concise understanding of charges and pricing. This is to benefit the buyer and us, as it will also contain all pertinent vehicle information such as year-make-model-trim-VIN-mileage. In order to give you an accurate price for tax collection, we MUST know where you reside. There is no added charge for us collecting your TT&L*. We charge you what we are charged. We provide this service as a courtesy to our customers. We do not have document fees when purchasing with cash or having your own financing. When applying with Credit Acceptance, there will be added document fees for this service. We will never add any hidden fees. The price on our vehicles is the price everyone pays. If you live outside of Louisiana, you will need to tell us that upfront. We can not always collect your TT&L in other states. Your bank or credit union may be responsible for providing that service to you for your residing state. However, you will still be required to come to our office regardless of where you live or where/how you get financed. Please refer to our section regarding Fraud/Scams for more information on that.

 *TT&L refers to the Tax, Title, and Licensing. These fees goes directly to the state(s), not us. If you have a transferable plate, Taxes and any applicable transfer fees still apply. 

 

How much down? Both down payment and monthly payments will depend on credit worthiness and creditor approval. This is not determined by us. Therefore, please understand we can NOT tell you what a downpayment will be until you apply for a loan at your financial institution of choice. At which time that establishment can tell you if a downpayment is required. Many of our sales often require little to no down payment needed. If you choose to apply with Credit Acceptance, a down payment will always be required. How much required down will depend on your credit and income. If you have a down payment you would like to apply, we can collect that from you in our office where we will provide you with a receipt or you can have your creditor collect that from you at the time of signing. Just make sure to let you loan officer know when applying for a loan that you would like to add a down payment. Some places require us to collect down payment, which must be written on our purchase agreement. If we collect your down payment, it will be subtracted from the total requested for financing after TT&L. 

 

Can we finance you? Not in house. Aside from assisting you when applying with Credit Acceptance, we do not run your credit score or apply for creditor loans for you here at our office. We only ask for your name and address to use on our purchase agreements for your creditor or financial institution. We will never use your information for anything without your consent here at our office. Any information you submit with Credit Acceptance is bound to their terms and conditions and do not reflect our own rules. 

 

What am I agreeing to with a purchase agreement? The purchase agreement outlines all agreed-upon terms of a sale. It is not obligating you nor us to anything, aside from the agreement of price and any payments to be collected. A purchase agreement outlines the terms of a sale before it is finalized and includes what we will collect from you if we collect your TT&L. Some places would use a buyer's order or purchase order. All similar concepts. It is required by most creditors to apply for an auto loan. You can always have your bank or credit union contact us directly and we can send the purchase agreement to them.

 

 Will a bank finance this older vehicle with 100k miles? Most of the banks and credit unions we work with regularly do not have restrictions on the age or mileage of the vehicle, as long as the total cost of the vehicle you're applying for is under the J.D. Power retail value. Our vehicles are almost always priced under these retail values. If you are applying locally; let us know which bank, credit union, or finance company and we can tell you what they need or if we know their conditional loan redquirements. 

 

 What is our cash price/bottom dollar?  We offer a straightforward pricing policy - the advertised price is our cash price. We do not advertise down payment amounts or suggest pricing that differs from our actual sale or cash price. We provide consistent pricing to all customers and do not adjust prices based on personal judgment, discrimination, credit scores, or other arbitrary factors. Vehicle prices are clearly posted on the windshield and/or the window information sheet for full transparency. We utilize J.D. Powers book values by the VIN of each specific vehicle to base our pricing. Our pricing does not coincide nor reflect Kelley Blue Book values and we do not suggest otherwise.

 

Note: If you are interested in In-House financing, we have put a hold on In-House financing at this time. We will continue doing In-House financing in the future. 

If you click on any of the "Apply For Financing" tabs on our website, you will be taken to the Credit Acceptance application where you will agree to their terms and conditions and submit your application. We will give you call when we receive the details of your application. If you do not answer the phone or return our phone calls, we will assume you are no longer interested and your application will be dismissed.  

 

Can you finance a first time buyer? If you are a first time buyer or otherwise have no credit history built, we can most likely help to get you financed somewhere as long as you have a steady income in an amount that would satisfy the creditors minimum requirements. If your income doesn't meet these requirements, you may need to have a co-signer in order to get approval. We understand that a co-signer is not always an option. We may be able to give you some advice on getting your credit started on your own. It will still take time to build your credit, as there is unfortunately no quick solution for that. 

 

- Requesting a purchase agreement: If you would like a purchase agreement written up and sent to you on a certain vehicle, fill out the form below or give us a call. We will need your name as it appears on your driver's license and the address the vehicle will be registered at, which will include the city and parish you reside in. Make sure to tell us the vehicle of interest. Please double check that your email address is correct as that is where we will send the copy.

 You can also just send us a picture or copy of your Driver's License if your information on there is current and correct. Any forms we send you will be sent via PDF attachment.

 

 If you still have questions regarding financing, general registration questions, or otherwise need help, you can give us a call or go to our contact section.

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