Currie Motors Chevrolet Answers Car Loan FAQs!
Currie Motors Chevrolet Answers Car Loan FAQs!
The Currie Motors Chevrolet finance team is committed to matching every local driver with their perfect vehicle for an affordable price. If you’re looking to finance a new or used Chevy on our lot, rest assured we have the expertise and relationships with trusted lenders to get you a fantastic auto loan in Illinois. What’s more, the experts at our Forest Park Chevy dealership are here to answer all your car loan questions and offer any advice you need during the process.
Before you meet with our local Chevy financing professionals, review our auto finance FAQs below to learn a lot about the process. From providing information about current car loan interest rates to trade-in values and more, we can help with it all at Currie Motors Chevrolet!


Auto Financing & Car Loan FAQs
What are the current interest rates to buy a car?
At the moment we have rates as low as 1.9% for qualified buyers, but we also have subprime rates as low as 13.9%. Of course, these rates are subject to change.
How do I get a good interest rate?
One way to get a good interest rate on your auto loan is to improve your credit score. Two ways to do that are to make sure you pay all your bills on time and to keep your credit utilization ratio low.
How much of a down payment do I need to finance a car?
You can actually finance a car with $0 down, but a lot of banks like to see customers at least pay down the taxes and fees. This can help toward getting a better rate, or length of term.
What additional costs will I be responsible for when buying a new car?
These include the vehicle registration fee, sales tax and documentation fee.
How can I find the value of my trade-in?
The best ways to determine a car’s worth are by using valuation guides like Kelley Blue Book®, Cars.com and looking at live prices online and at dealerships. You could also come to our local Chevy dealer and have a free evaluation at a time convenient for you.
Does my credit score impact my car loan?
Lenders look at your credit score when they review your application for a car loan, alongside other financial factors, such as your income. Your credit score is an important factor in determining your ability to repay debt.
I have a low credit score — can I still finance a car?
Yes. We offer subprime auto loan options fit for various budgets.
I don’t have a credit history yet — can I still finance a car?
Yes. If you don’t have a credit history, we can help you get an auto loan through our first-time buyer program.
What’s the best length for a car loan?
Some financial experts recommend 48- to 60-month loans for new cars, but a majority of our car loans are done over 72 months, as an affordable monthly payment is key.
Can you offer a better interest rate than my pre-approved rate?
Yes, we can. We floor plan with GM Financial who offer supported rates as low as 1.9%, which will match or beat a majority of lenders.
Can I reduce my monthly car payments down the road?
Yes. You can reduce your monthly car payments on an existing loan by negotiating with your lender, refinancing, selling your car or trading it in for a cheaper car. You can also get lower payments on a new car if you make a larger down payment and shop for an affordable vehicle.
Can I sell my car while I’m still paying it off?
Yes, you can sell your car if you still owe money on it, but you’ll need to pay off the debt before you can transfer the title to the car’s new owner.
Can I add a warranty when I buy a car?
Dealers often suggest purchasing an extended warranty when you buy a car, but you can buy one at any time.
Contact Currie Motors Chevrolet if you have any more questions for our dedicated auto loan experts. Whether you want to finance a new Equinox or used Silverado in Forest Park, we’re here to guide you through every step of the process!