Finance Center

Yes, you can! | Expert Auto Financing at Ron Westphal Chevrolet

Have you found the vehicle you want to drive? The next step is making it yours, and our expert finance team at Ron Westphal Chevrolet, with their extensive experience, is here to make that process simple and stress-free. We've helped drivers from Aurora, Montgomery, Oswego, Naperville, and the entire Fox Valley and Chicagoland communities. We would also love to help you!

We work with a vast network of lenders to secure competitive rates on both new and used vehicle loans, and we also offer flexible lease options tailored to your unique needs. Let's get you behind the wheel of your next vehicle!

Loan or Lease - Which Option is Right for You?

Factors such as your lifestyle, driving habits, and overall budget determine whether you should lease or loan. Our finance experts are here to guide you, but here's a quick overview:

Vehicle Loans (Financing)

Yays:

• Ownership: You build equity over time as you pay off your auto loan.
• No Mileage Limits: Drive as much as you need without worrying about mileage penalties.
• Full Customization: Customize your vehicle to your exact specifications.
• Long-Term Value: The car becomes an asset you can keep, sell, or trade in later.

Nays:

• Typically, loans have higher payments when compared to leasing.
• It may take years to achieve positive vehicle equity.
• You are responsible for all maintenance and repairs after the warranty expires.

Vehicle Leasing

Yays:

• Lower Monthly Payments: Often more affordable than loan payments for the exact vehicle.
• Drive New More Often: Easily upgrade to the latest models every few years.
• Always Under Warranty: Most leases align with the manufacturer's warranty, reducing repair costs.
• No Resale Hassle: Drop the keys off and say Sayonara. Unless you want to buy out your lease and own the vehicle for an extended period.  

Nays:

• Mileage Limits: Penalties apply if you exceed the agreed-upon annual mileage.
• No Customization: Limited ability to modify the vehicle.
• When your lease ends, you don't own the car unless you decide to purchase it outright.

Let's Get Started: Finance Your Next Car in Aurora, IL

We believe that buying a car should be a transparent, straightforward, and enjoyable process. We ensure that there are no hidden fees or surprises, and we will answer all your questions clearly and thoroughly. 

Empower yourself with Our Online Tools:

• Online Finance Application: Get pre-approved from the convenience of your home or office. You can complete the loan application in minutes. Your app helps us find the right plan for you, saving time at the dealership and providing a clear picture of your buying power.
• Payment Calculator: Estimate your potential monthly payments based on vehicle price, down payment, and term.
• Value Your Trade: Get a free, no-obligation appraisal of your current vehicle to see how it can contribute to your next purchase.

Our Commitment to You:

• Personalized Solutions: We tailor financing plans to suit your unique financial situation.
• Wide Lender Network: We work with numerous banks and financial institutions to secure competitive rates.
• Transparent Process: No hidden fees or surprises. We will answer all your questions clearly and thoroughly.

Frequently Asked Questions (FAQs) 

About Auto Financing

Q: What kind of credit score do I need to get approved?

A: We work with all types of credit, from excellent to challenging. Our finance team specializes in finding solutions for a wide range of credit situations. We encourage you to apply, regardless of your credit history.

Q: Can I get pre-approved for a car loan?

A: Yes! Our online finance application enables you to get pre-approved. Simply fill out the form with your information, and our team will review your application. This process saves you time at the dealership and provides a clear picture of your buying power.

Q: What documents should I bring when applying for financing?

A: Typically, you'll need your valid driver's license, proof of income (recent pay stubs), and proof of full-coverage auto insurance. Our experts will advise you on exactly what you need for a loan approval.

Q: How long does it take to get my loan approved?

A: In many cases, you can receive an initial decision within minutes of submitting your online application. For more complex situations, it might take a bit longer, but rest assured, we're working diligently to get you the best deal. We strive for quick turnarounds and will keep you informed every step of the way.

Q: What is APR?

A: APR stands for Annual Percentage Rate. Our finance experts will clearly explain your APR to you.

Your privacy is important to us.

Ron Westphal Chevrolet takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.