First Time Car Buyer Program near Oak Park, IL

Here at Kingdom Chevrolet we say yes to first-time car buyers! Just 30 minutes from Oak Park, we invite you to visit us and see the difference our special finance program can make. 

Who Qualifies as a First Time Buyer?

A first time car buyer is generally considered to be anyone who has not financed the purchase of a vehicle or leased a vehicle. So if you paid cash for a vehicle or inherited a vehicle from either a parent or another family member, you can still be considered a first-time buyer. Even though leasing is not the same as purchasing or buying, it usually disqualifies you from being considered a first-time buyer because it still involves an auto loan.  

Challenges

One of the biggest hurdles first time car buyers face is the lack of auto loan history. Many lenders will consider someone who can’t show past repayment history as a higher risk. This can lead to only approving the customer for a high interest loan or not approving them at all. It’s especially difficult for those who don’t have any credit history in their name at all, a common situation for recent graduates or students, including those from Domincan University and Concordia University Chicago.  

Program Benefits at Kingdom Chevrolet

Having a co-signer on the auto loan is one way to get around this financial hurdle, but what if you don’t have someone who can be your co-signer? That’s where Kingdom Chevrolet’s First Time Car Buyer Program comes into action. It is specifically designed to offer affordable interest rates options for qualifying customers in the Chicagoland area who want to purchase one of our new or pre-owned vehicles. Instead of focusing on your credit history or if you have someone to cosign the loan, we take a look at your current employment status and how much you have saved up as a down payment. In certain cases we may also accept letters of reference on your behalf. 

Getting Started

Get started today by visiting our dealership on Western Avenue in Chicago or by filling out the Contact Us form on this page. We’ll schedule a quick no-pressure appointment to learn more about your situation and let you know the next steps. In the meantime you can feel free to explore our top-quality inventory by heading over to our Inventory Search tool. We have a car for every budget, including used vehicles for under $10,000. Drive home to Oak Park as a first-time car buyer when you shop with Kingdom Chevrolet!