In addition to helping people near Chicago buy a new or used car, AutoNet can help you get the best price on a used car. The automobiles
listed below are some of the best buys in the Windy City under $10,000. If you have had credit problems, however, we recommend completing
the online vehicle
finance application
first.
Offered by:
Location: Countryside, IL 60525
2004 Pontiac Grand Am
Price: $5,995
More Info...
Miles: 96,245
1997 Chevrolet 1500
Price: $3,995
More Info...
Miles: 171,907
2002 Mazda Protege5
Price: $4,900
More Info...
Miles: 123,759
2008 Chrysler PT Cruiser
Price: $9,995
More Info...
Miles: 45,659
1999 Mercedes-Benz E-Class
Price: $9,900
More Info...
Miles: 96,222
Chi-Town Auto Loan Rates
Although Illinois has an extremely low interest rate cap - 9% - for banks headquartered in the state, finance companies and national lenders
headquartered outside of Illinois can charge higher interest rates. Car loan in Chicago, for example, may have rates as high as in the
20% range.
At first glance, you may consider this a disadvantage for people with bad credit in Chicago. By allowing auto finance companies to charge a
higher interest rate, however, more people are able to qualify for automobile financing. A higher rate ceiling also means that more lenders
are willing to loan money in Chicagoland than in other cities.
More lenders equates to more competition. In the competitive Chicago area lending environment, most people are able to get a loan to buy a car,
regardless of past credit, at a competitive interest rate.
If lenders were not allowed to charge the higher rates, the only alternative for car buyers with credit problems in the metropolitan Chicago
area would be to buy a car from a local Chiczgo buy here pay here car lot. At buy here pay here car lots, also known as rent to own lots, the
used car dealers provide the financing directly to the consumer. The typical vehicle purchased at a buy here pay here lot is 5 to 10 years old,
has higher milesage, and has a price range of $3,000 to $8,000.
The AutoNet Financial network of dealerships includes new car, rent to own, and Chicagoland used car dealers. Each of the car dealers in our
network has the vehicle inventory and lending resources to help nearly any special finance situation.
Apply now for a
Car Loan in Chicago