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Frequently Asked Questions
1. How fast can my Loan application be processed?
You will hear back from a Peoria Bloomington Used Cars credit representative within 20 minutes
of your submission.
2. What if I have credit problems or have declared bankruptcy in the past?
Peoria Bloomington Used Cars offers a wide range of loan Packages to meet the needs of every
customer regardless of credit history. If you do not have a perfect credit rating we can find a
lender that will help you. Simply fill out the credit application online and press submit.
As an example, let's say that you borrow $15,000 for a new car and it is destroyed in a crash one
month later. In the eyes of the insurance company, that vehicle has likely depreciated up to 30%
(or about $4500) immediately after you drove it off the lot. Without GAP insurance, you could pay
the difference between what you owe to your lender and what your insurance company pays out
to you!
Please note that GAP insurance is cancelled after refinancing a vehicle. If you plan to refinance
for greater savings, and are currently covered, you will need to reapply to maintain it.
* Actual rates of depreciation vary based on a number of special factors.
4. Am I required to have a down payment?
It depends on the various lenders and their loan requirements. We have many no or low money
down programs.
5. How do I apply for the used car loan?
The best method is through our online loan application. All you need are a few minutes to
complete the easy to use application. Our process is always free and there never any obligation.
6. What kind of vehicle can I buy from Peoria Bloomington Used Cars?
Auto loans will be advanced for any kind of vehicle (car, truck or SUV) that you choose. From
used vehicles to new and from low-end vehicles to high-end vehicles, we will finance them all.
7. Are there any fees or hidden costs associated with your auto loan application?
Peoria Bloomington Used Cars is a completely free service.
8. What vehicle brands do you offer?
We have several locations with over 18 different car and truck franchises such as: Chevrolet,
Buick, Pontiac, GMC, Cadillac, Hummer, Chrysler, Dodge, Ford, Lincoln, Mercury, Mazda, Kia,
Mitsubishi, Subaru, Toyota, Audi, Volkswagen, and Hyundai. So we can meet your every need.
1. How fast can my Loan application be processed?
You will hear back from a Peoria Bloomington Used Cars credit representative within 20 minutes
of your submission.
2. What if I have credit problems or have declared bankruptcy in the past?
Peoria Bloomington Used Cars offers a wide range of loan Packages to meet the needs of every
customer regardless of credit history. If you do not have a perfect credit rating we can find a
lender that will help you. Simply fill out the credit application online and press submit.
As an example, let's say that you borrow $15,000 for a new car and it is destroyed in a crash one
month later. In the eyes of the insurance company, that vehicle has likely depreciated up to 30%
(or about $4500) immediately after you drove it off the lot. Without GAP insurance, you could pay
the difference between what you owe to your lender and what your insurance company pays out
to you!
Please note that GAP insurance is cancelled after refinancing a vehicle. If you plan to refinance
for greater savings, and are currently covered, you will need to reapply to maintain it.
* Actual rates of depreciation vary based on a number of special factors.
4. Am I required to have a down payment?
It depends on the various lenders and their loan requirements. We have many no or low money
down programs.
5. How do I apply for the used car loan?
The best method is through our online loan application. All you need are a few minutes to
complete the easy to use application. Our process is always free and there never any obligation.
6. What kind of vehicle can I buy from Peoria Bloomington Used Cars?
Auto loans will be advanced for any kind of vehicle (car, truck or SUV) that you choose. From
used vehicles to new and from low-end vehicles to high-end vehicles, we will finance them all.
7. Are there any fees or hidden costs associated with your auto loan application?
Peoria Bloomington Used Cars is a completely free service.
8. What vehicle brands do you offer?
We have several locations with over 18 different car and truck franchises such as: Chevrolet,
Buick, Pontiac, GMC, Cadillac, Hummer, Chrysler, Dodge, Ford, Lincoln, Mercury, Mazda, Kia,
Mitsubishi, Subaru, Toyota, Audi, Volkswagen, and Hyundai. So we can meet your every need.
