Having a car is a must for Chicago commuters who travel outside the city. The problem is that area residents with bad credit may find that it is very difficult to qualify for auto loan financing. Chicago, Illinois in-house auto financing
dealers provide solutions for individuals who are unable to get approved through regular channels. These dealerships specialize in working around a consumer's bad credit.
In house dealers don't work with banks or third party lenders - they provide the financing themselves. And because of that, they don't need to check your credit history. Instead, they will work with you to find a car that you can afford based on your monthly income.
What You Should Know About In-House Financing
You can find a payment plan that works for you at a dealership that provides in-house financing. The dealer will take your income into consideration, and he or she will arrange your payments to coincide with your pay schedule.
can protect you from having to make a steep down payment on a vehicle. Basically, you will pay what you can afford to pay upfront and the rest of your payments will be planned accordingly. A small down payment may just mean that you'll be making payments on the vehicle for a longer period of time. And you should always keep in mind that the value in any trade-in vehicle that you may have can serve as part or all of your down payment.
It is important for people to be aware of the reputation of the dealer they choose for in-house financing. There are, unfortunately, those in the market that attempt to take advantage of people who have poor credit. Auto Credit Express can help you find the best dealerships in your area that have a good track record of helping people who have credit problems get approved for a subprime auto loan
Securing an Auto Loan While You Have Bad Credit
There are plenty of circumstances that can result in bad credit. Perhaps you took out multiple student loans, and maybe you have been unable to make the payments and you have defaulted on them. Or maybe you may have bad credit due to a significant amount of outstanding debt in your mortgage or on your credit cards.
Either way, we understand that bad things happen to good people. Our auto loan specialists can connect you with dealerships that work with individuals in difficult financial circumstances, and help you get the auto financing you need.
Online Auto Financing Opportunities
If you want to secure an auto loan, start the process now by completing our online application. Simply take a few minutes to gather the required information and fill out the form. Once you have submitted your application, our loan specialists will contact you and let you know which Chicago area dealerships can approve your financing.
Our Specialists Are Ready to Help
Our loan experts are available to help you learn more about auto loans
right now. Also, you can use our loan calculator to get a rough estimate of what your monthly auto payment might be.