Financing
If you know you are going to finance your new or used vehicle, it is best to establish how much you can
afford to pay each month before you head out to the dealership. Take a look at your finances and determine
how much you can comfortably afford to pay each month and subtract $50 to $100 just in case.
Then use a payment calculator to determine what your monthly payment will add up to in terms of a loan.
DriveChicago has a simple payment calculator that lets you shop by monthly payment or total loan amount.
Given the current credit crisis, it is no surprise that consumers are wary of their lending options.
Thankfully for new- and used-vehicle buyers, there are quite a few options when selecting a financing
provider. Yes, it's more difficult to get approved for loans if you are a sub-prime candidate, but if you
have average credit, a solid job, and a few thousand to put down, there's plenty low-rate financing available
right at your dealership.