Now that you have found the vehicle of your dreams, you need to finance it. Lucky for you, we are here to help. Our finance department is one of the best in the area serving, Elmhurst, Crystal Lake, Chicago and Skokie. Whether you would like to finance a new or used vehicle, we will work on your behalf so that you get the best rate and terms possible.
Our finance department in Schaumburg, IL will work with you to accommodate any and all circumstances. Each person who comes to us gets 100 percent effort. We will do everything we can to negotiate and get you the best rate that you can with the lowest interest.
Financing your vehicle with Zeigler can be beneficial to you due to our large networks and relationships with banks in the area. We can get customers a wide range of financing options and our special programs allow for low-rate deals that make your car more affordable.
Before You Apply for Finance
Before you come into the dealership to apply for financing, be sure to do some research. You need to know what your credit report looks like before you come in so you can be looking at cars that fit into your finances. Negative information on your report can make it hard to get credit and a poor score can greatly raise your rates. Make sure you know what to expect so that there aren’t any surprises when you show up.
Make sure you compare current finance rates from different banks, credit unions and dealerships. We want you to have the best rates possible and we don’t want you to feel pressured to get locked into a plan that you can’t afford. The more you know, the more comfortable you’ll feel in the dealership.
What Is My Credit Score?
Your credit score is a three-digit number that is generated by using information that is in your credit report. The report shows creditors the risk or likelihood that a person won’t repay their loan and become delinquent. The FICO credit is the most widely accepted and is used by about 90 percent of money lending institutions. Your FICO score can range from 300 to 850, the higher your score, the lower your risk and the better loan you’ll get.
Financing for Bad Credit
Less than perfect credit history is not hard to come by and can be very tough to get rid of. This can be a major problem when it comes time to buy a vehicle. We however, can help you with this. We are able to get financing for people with bad or no credit.
You will need a valid ID, recent pay stub, proof of residence, and a current phone bill to get started. On our online loan application, our experts can evaluate your credit history, work history and income to determine the best rate for your situation. We will help you get the loan and vehicle you deserve.
Used Car Financing
Many lenders or banks require a significant down payment of 20 percent when buying a vehicle. This can put a new vehicle out of many customer’s price range and those with credit problems may be able to find a better option on a used car. While interest rates are often higher on a used car, the actual price of the car is lower and therefore, more affordable. This improves a customer’s chance of being approved for a loan.
We are your best source to get approved for a car loan in Schaumburg, IL. Dealing with a rough credit score can be stressful and embarrassing but we want to help you through it. Come in to our Schaumburg car dealership and get your next loan with us today.