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Rogers Auto Group Blog

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Top 5 Reasons a Cosigner is Needed for an Auto Loan

We always come across people who have tried to buy cars at other dealers and have been told that they need a cosigner, but have never been told why. Simply having bad credit isn't an actual reason for needing a cosigner.  In fact most who decide to have a cosigner could have purchased a vehicle on their own anyway and simply choose to do so because of better finance terms. You should always look?
Question from Grace in Chicago:
"My husband has bad credit, a credit score of 560 and could not get approved on a auto loan. My credit score is lower and I already have a car loan under my name. We have a condo that is going in foreclosure, our tenant stopped paying us 5 months now. We can't afford the mortgage, tax & assoc of at least $1500 a month but we can afford an auto loan."

Can you buy a car without credit in Chicago?

You're in Chicago looking for a bad credit car dealer. You have bad or no credit and Car Dealer after Car Dealer is wanting money down. To buy a car with bad credit, with no money down, you need to know a few things...


First, lets handle some of the misconceptions that "experts" out there are telling consumers...

Average Interest Rates Drop | How is Bad Credit Affected?

Edmunds.com reports that the average automobile finance rate dropped to 4.4 percent in March...  What does that mean for those with bad credit?

Bad Credit Loans are also affected... Since rates are lower across the board, those with bad credit in Chicago could get lower interest rates...
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