If you've been pricing a 2020 Jeep Gladiator to drive in South Elgin, you've probably been wondering who has the best car loan rates, what is the current interest rate for car loans, and what is a good car loan rate. These are all smart questions to ask, especially if the economy seems uncertain or confusing. The finance department at Elgin Chrysler Dodge Jeep RAM is here to help you find who has the best car loan rates.

What is the Current Interest Rate for Car Loans?

While there isn't a standard that states what is the current interest rate for car loans in Streamwood, you can expect your auto financing interest rate to be based on your credit score. What credit score is needed to finance a car?  Here's an idea of what to expect, and what is a good car loan rate for your credit rating:
  • Excellent credit: 850 - 740 = 3.2% interest rate
  • Average credit: 739 - 680 = 4.5% interest rate
  • Sub-par credit: 680 and below = 6.5 - 12.9% interest rate
When you know what is the current interest rate for car loans for your credit rating you can use our payment calculator to get an idea of what you can afford.

What is a Good Car Loan Rate and How Do I Get One?

Before you ask who has the best car loan rates in Elgin, you need to know your credit score. If your score is low and leads to a high interest rate, you can provide this information and maybe get a better car loan interest rate:
  • Driver's license and Social Security number
  • Employment verification
  • Proof of income
  • Proof of assets
Another option if you have trouble obtaining what is a good car loan rate is to consider leasing a car.

Who has the Best Car Loan Rates? Let Elgin Chrysler Dodge Jeep RAM Find Them!

Bartlett drivers who are ready to find out who has the best car loan rates, apply for financing at Elgin Chrysler Dodge Jeep RAM! With just one application our finance department will do the legwork to find out who has the best car loan rates for you.