Compare Car Loan Rates in Gardner, IL

Apply through myAutoloan and compare up to four Illinois lenders in minutes! We make it easy to find the best auto loan rate, whether you're purchasing from a nearby Gardner dealership or refinancing an existing loan. Apply now and see today's lowest rates!

Three things to know…

Today's Interest Rates

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Your Estimated Rate

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Your Payment

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More Information

What Determines Your Auto Loan Rate in Gardner, IL?

Various factors contribute to your Illinois auto loan rate, including your credit score, the amount of the loan, your income, the down payment, your loan's term (the length of the loan), and the car's age. A low credit score, high debt-to-income ratio, or purchasing an older vehicle from your Gardner dealer could lead to a higher interest rate. But why is a high interest rate bad? The higher your interest rate is, the higher your monthly bill is and the more you spend in total. A difference of one or two percent might not seem like much, but it could mean spending hundreds more overall.

How Do I Get a Lower Car Loan Interest in Gardner, IL?

You can use tools like our Interest Rate Estimator to get an idea of what your rate might look like before having to apply for a car loan in Gardner, IL. If you've put in your information and aren't liking the percentage you see, what can you do to lower it?

The loan term is one aspect you can control. Most Gardner auto loans are available with terms in 12-month increments between 2 years (24 months) and 7 years (84 months). Longer terms will tempt many borrowers because they usually have a lower monthly payment. However, longer terms also tend to come with higher interest rates. If you can handle a higher monthly payment, choosing a shorter term is a good move. The Auto Payment Calculator shows what your monthly payments might look like based on different interest rates and terms to help you figure out what might be affordable.

If you have less than ideal credit, raising your score could bring your interest rate down. Our Guide to Better Credit for Auto Financing will help you understand what goes into a credit score and the steps you can take now to raise it quickly. Your credit score may take some more time and work, but it's worth it to get those lower Illinois car loan rates.

Taking the time to hunt down the right lender can also help you secure a lower rate. While lenders will consider the same information, each one might give you a different interest rate. You need to shop around and compare offers to find the best auto loan rate in Gardner, IL — even without a high income or credit score. You don't want to go with the first offer you receive because there might be a better one just around the corner. Keep in mind some lenders will negotiate, so you can take an offer from one lender to the other to see if they can beat the interest rate.

Use myAutoloan to Check the Best Auto Loan Rates in Gardner, IL

myAutoloan wants to help you find the lowest auto loan rates in Gardner, IL no matter your credit score or the type of car you're buying. You can look at up to four loans at once so you can find the perfect loan. Complete our secure online application, select the best loan for you, and head down to a dealer in Gardner to purchase a new ride. Apply today to see the current lowest interest rates!

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