• Sales: (888) 896-5984
  • Service: (877) 845-2317
  • Parts: (888) 571-7310

2311 Ogden Ave Directions Downers Grove, IL 60515

Info

Auto Loans & Car Financing

Downers Grove Car Loans - Zeigler Chrysler Dodge of Downers Grove

The Zeigler Chrysler Dodge  of Downers Grove finance center works with many area lending sources to offer customized car loans and leases. This means we are able to provide you with a great low rate on your new or used car loan in Downers Grove even if you have less than perfect credit.

If you're thinking about getting a new Chrysler, Dodge or a used car, come down to Zeigler Chrysler Dodge of Downers Grove at 2311 Ogden Ave. We'll get you the vehicle you want, at a great price, and smoothly guide you through the financing process.

If you would like to start the process of getting a car loan in Downers Grove right away, we suggest you start by understanding your budgeting options. You can find your estimated monthly loan payments by using our online payment estimator; and you can apply for financing with our secure online finance application.

Have questions? Complete this form and a dealer representative will contact you.

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Zeigler Chrysler Dodge Jeep Ram Of Downers Grove takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.

Most car shoppers rely on financing to purchase their desired vehicle. While some chose finance directly through the bank or credit union, a large number of people decide on "dealership financing".  It is usually considered more convenient to buy your vehicle and finance it at the same place, but there are also other reasons to get your loan directly from the dealership. Harold Zeigler's relationship with a variety of Downers Grove IL banks means they can offer buyers a range of financing options. Periodically, Harold Zeigler will offer special programs and low-rate deals that purely finance companies do not.

Before Applying for Finance

There are many things you can do to better prepare yourself before you even arrive at the dealership. Do some research! Before you can decide what vehicle to purchase, you'll need to have a good idea what your credit report looks like. Negative information, such as high credit card balances or late payments, or errors can make it nearly impossible to get credit.  A poor credit score can greatly raise your finance rate, making the vehicle you thought was affordable suddenly out of your price range.

Once you have an idea of what creditors are seeing, you can estimate a prince range. Check out the internet and auto buying guides to find vehicles that match your needs and price range. If you have less than perfect credit or a particularly tight budget, this step is very important.

Be sure to compare current finance rates being offered by different banks, credit unions, and dealerships. The worst thing a buyer can do is getting locked into a finance plan they can't afford because they are confused or pressured. Being knowledgeable about your options and limits is the best way to combat this.

What is My Credit Score?

A credit score is a three-digit number generated by using information in your credit report. It's designed to show creditors, like banks and finance companies, the risk or likelihood that a person won't repay their loan and become delinquent.  The FICO credit is the most widely accepted, being used by about 90 percent of money lending institutions. FICO scores range from 300 to 850, where a higher score indicates a lower risk and therefore a more favorable loan.

The largest percentage of your credit score is your payment history, including any delinquencies on past loans. How much you owe on other loans and accounts is also heavily weighed. Less important, but still included in your score, is the length of your credit history, the type of credit you've used in the past, and the number of new credit you've applied for. If you aren't careful, applying for credit too often can bring down your credit score. All of these factors combine to give everyone a unique and specific score.

Financing for Bad Credit

Less than perfect financial history is easy to acquire and hard to rid yourself of. This can be a huge problem when it comes time for a large purchase, such as a home or vehicle.  Although it is more difficult and time consuming, it is not impossible to be financed with bad or no credit.

You will need a valid driver's license, recent pay stub, proof of residence, and a current phone bill to get started. Through our online loan application, our financial experts can evaluate your credit history, work history, and income to determine the best rate for your situation. We'll do everything possible to help you obtain an auto loan that you deserve.

Paying your auto loan on time is one of the most important factors lenders use to determine your credit score. Essentially, financing your vehicle in a smart and affordable manner will help re-establish your credit.

Used Car Financing

Many banks and other lenders require a 20% down payment, making a new vehicle out of many people's price range. Additionally, buyers with credit challenges will probably find better loan options in the used-vehicle market. Although the interest rate is often higher for a used car, the actual price of the car is significantly lower and therefore gives the consumer a greater chance of being approved for the loan.

Keep in mind, vehicles that are over seven years old may not qualify for financing. Also, new cars can be financed for a longer term than used cars. The math is simple; if you finance a six year old car for 66 months you'll be making monthly payments on a car that's over 11 years old! It's unlikely to be a sound investment, and therefore not usually approved.

At Harold Zeigler, it's fast and easy to get approved for a car loan.  We understand that dealing with past credit problems can be stressful and embarrassing, but we can help consumers with just this type of situation.  Come into our Downers Grove IL dealership or contact us today and find out what we can do for you!

Contact

Zeigler Chrysler Dodge Jeep Ram Of Downers Grove

2311 Ogden Ave
Directions Downers Grove, IL 60515

  • Sales: (888) 896-5984
  • Service: (877) 845-2317
  • Parts: (888) 571-7310

Hours

  • Monday 9am-9pm
  • Tuesday 9am-9pm
  • Wednesday 9am-9pm
  • Thursday 9am-9pm
  • Friday 9am-9pm
  • Saturday 9am-7pm
  • Sunday Closed
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