Bad Credit Financing for Crystal Lake & Waukegan, IL Area Car Buyers
Muller Honda of Gurnee Offers Sub-Prime Auto Loans
The finance staff here at Muller Honda of Gurnee is proud to assist car buyers of all credit levels near Waukegan, Illinois with obtaining the auto loan they need for their next car purchase. From our committed team of financing specialists who offer bad credit financing solutions to our extensive new and used car inventory, Muller Honda of Gurnee is a smart place to shop when you need a car but you possess a poor credit rating. Every day, our finance department works with drivers of all credit histories -- including no credit and low credit individuals -- to help them find financing options. Let us help you today! Apply for sub-prime auto loans at Muller Honda of Gurnee!
Learn About Bad Credit Car Loans
Have you faced recent setbacks that have affected your credit rating? Common financial issues that lead to a need to seek out bad credit car loans include:
- Foreclosure
- Repossessions
- Writing bad checks
- Missing payments
- Divorce
Other auto dealers may turn you away for past financial setbacks or due to your bad credit rating, but here at Muller Honda of Gurnee, we will do everything in our power to locate sub-prime auto loans for you. Imagine, you could not only be driving around the Crystal Lake area and beyond in a quality late-model used car from Muller Honda of Gurnee, but you could also be gradually improving your low credit score -- thanks to sub-prime auto loans from our finance experts!
Bad Credit Car Loans & Finance FAQs
How can I get financed for a car with bad credit?
Step 1: shop at Muller Honda Gurnee, of course! But if you’ve got your doubts about how the process will work, here’s some things you can do right now to get financed. Review your credit report. See anything that’s incorrect or not even yours? Dispute it. You’ll be amazed at how your score jumps in points once incorrect accounts are removed. Additionally, you might want to have a co-signer on hand for the credit application.
Can I get a car loan without a credit check?
Yes. Totally possible. However, without a credit check, your lenders are flying blind, and they assume that your credit score is the lowest possible. Because of this, you’ll end up paying the highest interest rate allowable. So, even if your credit is lower than you want it to be, it might be worth doing a credit check. The difference in a few percentage points on a loan can make a huge difference in payment!
What is a good down payment for bad credit?
In general, you’ll want to put about 10% down for a bad credit car loan. That said, the more money you can put down, the less of a risk you appear to be by the lender. If you can squeeze 15% or even 20% down, you’ll save a ton of money over the life of the loan.
Apply for Financing near Crystal Lake, IL Today
At Muller Honda of Gurnee, we understand that applying for a loan when you have less than ideal credit can feel challenging; that is why we provide a hassle-free and secure online auto loan credit application. We believe that every one of our Crystal Lake, IL area customers deserve second-chance financing if they need it, so apply today and start shopping for a pre-owned Honda or used car of another make here at Muller Honda of Gurnee!
Shop Now for a Used Car That Fits Your Budget
Have you had your eye on a certain Honda car, minivan, SUV or pickup truck model? Whether you want to drive a versatile pre-owned Honda CR-V or a sporty used Accord sedan, you can find it at our new and used car dealership. In fact, bad credit car loan shoppers on a tight budget will love our selection of used cars for sale in Gurnee, IL! Apply for sub-prime auto loans and shop for your next Honda or another used car at our bad credit car dealership located near Waukegan today!