Stop by Elgin Volkswagen near Elgin, Illinois today to view our deals on new and used vehicles. Are you worried that you can't buy the car of your dreams due to bad credit? Our professional finance team will work hard with lenders to find an auto loan you qualify for, even with a low credit score. We also offer top trade-in value to take some of the burdens off your new car purchase. Not sure if you are ready to take the leap in purchasing a brand-new car? We have lease options available with lower monthly payments to help you rebuild your credit with less of a financing burden. Swing by Elgin Volkswagen today to meet with an auto finance expert to discuss the best loan or leasing option for your lifestyle.
|Credit Rating Factors||Negative Impact||Positive Impact|
|Little or No Credit History||X|
|On Time Debt Payments||X|
|Excessive Existing Debt||X|
|Filing for Bankruptcy||X|
|High Amount of Available Credit||X|
|Having a Long-Standing Credit Account (< 8 years)||X|
|Late or Missed Payments||X|
|Foreclosures or Repossessions||X|
|Credit Score Breakdown|
|Excellent||750 & Above|
|Bad||550 & Below|
|*data pulled from creditsesame.com|
Our experienced finance team can assist you in finding the best options for those with low or even no credit score. You can get the process started by getting pre-approved for an auto loan in minutes through our secure online auto finance application. For personalized assistance regarding your financial concerns, contact the finance center today at Elgin Volkswagen to discuss the best auto loan for you so you can drive away with your dream car!