Since 1997, AutoNet Financial has been helping people in Waukegan get an auto loan no matter their credit situation. As one of the leading providers of auto loans in Waukegan, AutoNet Financialcan help you get a competitive finance rate from a Waukegan auto dealership, regardless of your past credit.
We work with every credit type. With us, you can qualify for a good credit or bad credit car loan. With over 12 years experience in the Waukegan, Il area you can count on us.
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.
Although Illinois has a low interest rate - 9% - for banks headquartered in the state, auto loan finance companies and national lenders headquartered outside of Illinois can charge higher interest rates. Car loan in Waukegan, 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 Waukegan. By allowing car loan companies to charge a higher interest rate, however, more people are able to qualify for bad credit auto loans. A higher rate ceiling also means that more lenders are willing to loan money in Waukegan than in other cities.
More lenders equates to more competition. In the competitive Waukegan 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 Waukegan area would be to buy a car from a local Chicago buy here pay here car lot. At buy here pay here car lots, also known as rent to own lots, theused 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 Waukegan 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 WaukeganOther Illinois Auto Finance Opportunities: Chicago | Buffalo Grove | Elgin | Illinois