Compare New and Used Car Loan Rates in Glenview, IL

Compare up to four Illinois lenders in minutes with myAutoloan! We want to help you find the best car loan rate for you, whether you're buying a car from a local Glenview dealership or hoping to refinance an existing loan. Apply and see today's lowest rates!

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Today's Interest Rates

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Your Estimated Rate

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Your Payment

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More Information

How Are Glenview, IL Auto Loan Rates Determined?

Several factors contribute to your Illinois car loan rate, including the loan amount, your credit score, your income, the down payment, your loan's term (the length of the loan), and the car's age. A high debt-to-income ratio, poor credit score, or choosing an older vehicle at your Glenview dealership could mean a higher interest rate. But is a high interest rate so bad? The higher your interest rate gets, the higher your monthly bill is and the more you spend over the life of your loan. Just one or two percent more could mean spending hundreds more on interest.

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

You can use tools like our Interest Rate Estimator to get a feel for what your rate could be before you begin applying for auto loans in Glenview, IL. If you've supplied your information and aren't liking the percentage you see, what steps can you take to lower it?

The loan term is one thing you can control. Most auto loans in Glenview have terms ranging from 24 months (2 years) to 84 months (7 years) in 12-month intervals. Longer terms attract many borrowers because they typically have a lower monthly payment. However, a longer term also tends to come with a higher interest rate. If your budget allows for 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 see what might work for your budget.

If you have less than stellar credit, raising your score could lower your interest rate. Use our Guide to Better Credit for Auto Financing to better understand what determines your credit score and how you can quickly bring it up. Your credit score will take some effort and time to build, but it's all worth it for getting those lower auto loan rates in Illinois.

Taking some time to find the right lender can also help you snag a lower rate. While lenders will consider the same information, you'll likely receive a different interest rate from each one. It's important to shop around and compare offers to find the best car loan rate in Glenview, IL — even if you don't have the highest income or best credit. You don't want to go with the first offer you receive because a better one could be right around the corner. Don't forget some lenders allow for negotiation, so you can take an offer from one lender to the other to see if they can beat the interest rate.

Discover the Best Auto Loan Rates in Glenview, IL with myAutoloan

myAutoloan wants to help you find the lowest auto loan rates in Glenview, IL regardless of what type of vehicle you're buying or your credit score. You can see up to four loans at once so you can find the perfect loan. Simply complete our secure online application, pick the loan that works best for you, and head down to a dealer in Glenview to purchase a new ride. Apply today to see the current lowest interest rates!

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