Credit Assistance Programs in Baton Rouge, LA
Toyota Loan & Lease Programs
The Team Toyota finance department offers customers access to credit assistance and bankruptcy approval programs that help even the most credit challenged individuals obtain a vehicle. We know that not everyone has perfect credit, but that shouldn't disqualify them from obtaining the vehicle they want. Regardless of your current credit score or credit history, Team Toyota wants to help!
- Foreclosure?
- Bankruptcy?
- Divorced?
- Repossession?
- First Time Buyer?
Documentation That Can Help Speed Up Your Approval
When applying for your automotive loan, our Finance Team recommends that you bring as many of the following items as possible to the dealership for your appointment. While we may not need all of these items for your loan, the more information that our Finance Experts have on hand, the better and faster they can find the best options for your vehicle needs and your credit situation.
- A valid driver's license - Verify your license is not expired, revoked, or suspended. Also ensure the address listed on your driver's license is current and matches your state of residence.
- Proof of insurance - Take care to include the name of your agent and a reliable contact number. Preemptively adding a new car to your policy will not be necessary until approval.
- 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 - For approval, a recent (within 30 days) pay stub stating your year-to-date earnings is sufficient. Self-employed individuals must provide two years of professionally prepared tax returns.
- A list of personal references - Most finance professionals expect six references. A reference means any individual that knows you personally -- be it a family member, friend, or work colleague. Your list should include full names, addresses, and phone numbers. Keep in mind your references cannot reside at the same address. As a courtesy, get permission from your references before listing them as a lender may contact them.
- Phone number verification - Any phone number provided must be 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.
Frequently Asked Questions:
- Can I get financing with a bad credit history?
- Yes, at Team Toyota, we specialize in assisting customers with various credit backgrounds, including those with bad credit. Our Credit Assistance Programs are designed to help you secure the financing you need.
- What if I have no prior automotive credit?
- We welcome first-time buyers! Our programs are tailored to assist individuals without prior automotive credit, ensuring you have access to the vehicles you desire.
- How can I start the financing process?
- You can begin by completing our online credit application. Once submitted, our finance professionals will review your information and guide you through the next steps.
- Are there special programs for recent graduates?
- Yes, we offer a College Rebate Program that provides financial incentives to recent graduates. This program is designed to make it easier for you to get into a new Toyota vehicle.
- What if I'm currently in an open Chapter 13 bankruptcy?
- We can assist you through this process. You'll need to provide the necessary paperwork after receiving an Authorization to Incur Additional Debt from the court. Our team will guide you through each step to ensure a smooth experience.