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New Cars - A Reality Check South Elgin IL

There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application.

U-Haul Company
(847) 697-8404
8N034 Il Route 25
Elgin, IL
 
Absolute Rent-A-Car
(847) 888-9100
353 Willard
Elgin, IL
 
Hertz Penske Truck Rental
(847) 531-5173
525 Countryfield Ln
Elgin, IL
 
Hertz Rent A Car
(847) 695-7837
495 Airport Rd
Elgin, IL
 
Penske Truck Rental
(847) 531-5173
450 Airport Rd
Elgin, IL
 
Enterprise Rent-A-Car
(847) 488-9990
400 S Randall Rd # E
Elgin, IL

Data Provided by:
High Tech Auto Body Shop Inc
(847) 622-7450
158 willard ave
Elgin, IL
Hours
Friday: 8:00 am – 6:00 pm Saturday:8:00 am – 6:00 pm Sunday: Closed Monday 8:00 am – 6:00 pm Tuesday: 8:00 am – 6:00 pm Wednesday: 8:00 am – 6:00 pm Thursday: 8:00 am – 6:00 pm
Special Services
Auto Body Shop, Automobile Body-repairing & Painting, Auto Dent Removal Service, Auto Collision, Auto Restoration Service

Hertz - 1040 East Chicago Avenue HLE
(847) 531-6304
1040 East Chicago Avenue
Elgin, IL
Hours
Mo-Fr 0730-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(847) 741-2002
910 E Chicago St
Elgin, IL

Data Provided by:
Lemus Auto Repair
(847) 741-6960
338 S Mclean Blvd
Elgin, IL
 
Data Provided by:

New Cars - A Reality Check

In the years we've been in the automotive advice business we’ve received thousands of emails with questions about buying and leasing new cars.

Although each reader's situation is different, there seem to be general issues that show up over and over again that represent some common misunderstandings and misconceptions about new car buying and leasing. Let's address some of them now.

New cars are not financed by dealers
There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application. He just wants to make sure he's not wasting his time on someone with serious credit problems.

A new-car purchase or lease deal is contingent on the dealer being able to find a finance company or bank who will agree to finance your deal, based on your credit history and debt load. The finance company pays the dealer for the car (which means the finance company owns the car), and arranges for the customer to pay them back the money for that car, plus interest. See for more details.

Dealers can ask you to return your new car
A dealer will allow you to drive away in his new car immediately after you've signed your loan or lease papers. This does not mean your credit has been approved or that your loan (or lease) ...

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