Tuesday, 15 April 2014

Illinois, you gave us the Coolest Gift of Car Racing

Long before NASCAR and Indy Car Racing, Chicago Times Herald organised nation’s first automobile race in 1895.  November 28th is an important date in the car racing world because it was the first time that America got a taste of car racing. The race was conducted with the motto of propagating “motocycle” which had been introduced in America just 2 years earlier.

At 8:55 a.m., six “motocycles” (a term for horseless vehicles) began their 54 mile race from Jackson Park, Chicago. They had to race to Evanston and back. Initially, the course of the race was to drive from Chicago to Milwaukee. But, unsupportive road conditions shortened the distance.
America's First Car Race Map
Even though eighty three cars entered the race, only six showed up on the competition day.The winner was J. Frank Duryea, who completed the race in 10 hours, clocking in an average speed of 7.3 miles per hour.

Duryea had built his vehicle with his brother, Charles, and they claimed it to be the first American gasoline-powered automobile. Duryea received $2,000 for winning the first ever American automobile race.
Photo of Frank Duryea participating in the very first American automobile race in Chicago
Illinoisans have been in a relationship with cars for long. And, Illinois Car Loans is just making it stronger by providing you the best auto financing programs. Get low rate car loan quickly by filling the zero cost application form now. 

Tuesday, 11 December 2012

People with Bad Credit and No Money Down Borrowers can Achieve Instant approval and Competitive Rates on Auto Loans

Make your Illinois car financing process uncomplicated with instant approval. Guaranteed low rates can be secured even when you are distressed by bad credit history. Illinois auto loans program is perfect for every Illinoisan regardless of no credit score and low income.

Down payment is not mandatory for getting instant auto financing in Illinois. Apply only on secure websites to be worry-free. You can even avail 100% credit approval on Illinois auto loans without finding a co-signer. Free auto loan quotes without any obligation are very easy by filling a simple car loan application.

Apply for FREE Auto Loan Quotes

Saturday, 28 April 2012

Is It Possible To Get A Bad Credit Auto Loan In Illinois?

Cars have ruled the American-psyche for years. Everyone needs one. Everyone wants one. But, can each and every American fulfill his car dream? Sadly, the answer is no. Car buying is a dream of many, but its accomplishment is often thwarted by credit score. Credit history is making the present and future difficult. This is the story of each individual suffering from a bad credit score. And, Illinoisans are no different when it comes to a faulty score.

It is often said that bad credit spells doom and despair because it ensures that you get a car loan with great difficulty. High interest rates and unaffordable monthly payments stare you in the face. But, this is not the case always. There are many Illinoisans who have successfully tackled their bad credit score and availed an auto loan with competitive interest rates. Let’s see how they have done it.

Is Your Score Really Bad?

There are fraudulent lenders who may convince you of a bad credit score even when you have an average score. So, stay away from scams and get your credit report. You can avail your free report from the annualcreditreport.com. Search for any errors and unaccounted transactions. Get such errors removed as it will help in restoring your score. Once you fix your score, you are ready to buy a car.

A Used Car Is Your Best Option

Car travel is the best way to access Illinois because it has numerous interstates and highways. Cars are essential in the state but no where it is mentioned that you must buy a new car. Most experts suggest that bad credit borrowers should refrain from buying a new car. They should instead go for older cars until their scores are revived. You can always buy your dream car later. But, what is more important is that you have a car.

Before deciding on a pre-owned car, make sure that a mechanic checks it. If you don’t know a trusted mechanic, you can take help of websites like cartalk.com to help you search one. Also, don’t forget to get the Vehicle History Report and check the car title.

Things Before You Apply for a Poor Credit Auto Loan

1. Get your budget right. Ascertain the amount of monthly payments that you can comfortably afford.

2. Being a bad credit borrower, you are a risk for the lenders. So, it is wise to search for a co-signer.

3. Increase the down payment. Doing so, will reduce your loan amount and also the lender’s risk.

4. There are many lenders who will reduce your rates if you are willing to opt for automated payments from your checking accounts.

5. Get all your documents ready. You will have to provide your recent pay-stubs and IT returns (if self-employed) for proving your income and employments. Copies of rent and utility bills are also essential. Also, keep the vehicle information and car insurance papers handy.

Web at Your Help

A bad credit auto loan is a life-saving option for all those suffering from a poor credit score. Now, there is a lucrative industry of sub-prime auto lenders that will cater to your needs. How do you reach them? Simple, use your internet connection. There are many online auto financing companies that offer second-chance car loans at competitive rates. It is a better choice than traditional options because you get to buy your car without even making those tiring trips to the lender’s office. All that is required from you is to fill a simple application form. The company will search for a lender, out of many, who is ready to offer you the best possible deal. This means you get the service of many lenders by filling just one form.

Auto lenders have perfectly understood the importance of owning a car in the Land of Lincoln. They are ready to offer you loans. So, apply with a sub-prime lender.

Apply for a poor credit auto loan and get ready to enjoy the scenic beauty of Illinois in your car. Don’t forget to drive your car to all the wonderful places like the Grant Park, the Magnificent Mile and the Art Institute of Chicago.

Worry no more, because the opportunity of bad credit car loan is knocking your door. Make the most of it.

Rapidcarloans.net has a reputed bad credit auto lenders and dealers network in Illinois and we take pride in fulfilling car dreams of several bad credit borrowers. Apply for our bad credit auto loans illinois program to avail the best possible rates.
All the Best!

What Documents Are Required For Financing and Buying A Car in Chicago?

There were times when horse carriages made a statement. Today, cars are in style. And by the look of it, cars are going to be here forever. Chicagoans are car-crazy like everyone else in America. Driving a car provides a great adrenaline rush. The City with Big Shoulders is best explored in a comfortable car.

Wouldn’t you want to cruise the streets of Windy City in your dream car? When it comes to buying your favorite car, do you suffer from a perfect case of ambivalence? Do you love car but abhor the car buying process? If yes, you are not alone, many Chicagoans feel the same. There are so many things to do. You need to arrange for finance, and then you have to scout for that perfect car. It doesn’t get over here. There is the car registration, titling and process for getting parking permit sticker. All these processes have made you sit on the fence for long but, not anymore. Here is an article that will make you ready for the grueling task ahead. Buckle up for we are going through the fast lane understanding what all documents are required in Chicago to buy your dream car.

Several documents are required to get your favorite car home. When you live in the City That Works, you are constantly on the go. So, you need to be prepared all the time. Here’s your checklist for purchasing a car in Chicago.

Lenders Are Loan-Ready, Let’s Get You Document-Ready

No car dream is fulfilled without a car loan. With the rising cost of cars, auto financing has become inevitable. You can get a car loan in Chicago for almost all situations, bad or worse. Chicago is a big city and it offers many options for getting affordable auto loans.

Bad credit and no credit auto loans are easier when you have got what lenders require. You can also avail no money down auto loans or the difficult no co-signer auto loans. Yes, any and every loan is possible when you have all the documents ready.

1. Proof of Income

A minimum income of $1,000 is required by almost all lenders of Chicago. They want to ensure your capability of making regular monthly payments. And, so you need to submit your pay-stubs as a proof of income. If you have your own business, provide your IT Returns.

You must also mention other additional income like rental property income, alimony, child support, social security income, etc.

2. Credit/Banking History

Lenders will ask for personal information like your full name and SSN. This will enable them to get your credit report. Your credit history will determine your credit worthiness.

Also, lenders will require banking history to understand your banking transactions and to calculate your debt to income ratio. They don’t want to lend money to someone who is risky. So, get ready with copies of your bank statements, lease agreements and mortgage contracts.

3. Residence Proof

Your lender must know where you live so that he knows where to contact you. Your residence proof can be anything from a driver’s license to a utility bill or even your monthly rent.

4. Vehicle Information

Lenders want to be sure that you are buying a car and nothing else. So, they will require Bill of Sale/ Sales Agreement. Also, the purchase price should be clearly mentioned with the VIN, make, the model, the condition of the vehicle and the mileage.

Also, lender will ask for a copy of car title just to make sure of any outstanding liens. If you are buying a used car, then he will need a copy of Odometer Disclosure.

5. Proof of Insurance

Lenders use car as collateral and want to be insured all the time. So, they will ask for a comprehensive insurance coverage. But, you can negotiate and only buy the insurance as required by Illinois’ mandatory insurance law.

No Driving Before Registering

Documents and paperwork won’t leave you even after availing auto loan. Instead, the real work starts now. You will have to register your car at the Secretary of State’s office. Now, you can mail all the documents to the main office in Springfield or go to your local SOS office and get your work done. Here are the addresses of your local offices:

Chicago office
17 N. State St.
Room 1100
Chicago, IL 60602
(312) 793-1010.

Chicago Central (0.4 miles)
100 W. Randolph
Chicago, IL 60601

Chicago West (6.5 miles)
5301 W. Lexington St.
Chicago, IL 60644


Chicago North (9.5 miles)
5401 N. Elston Ave.
Chicago, IL 60630

Chicago South (11.3 miles)
9901 S. Dr. Martin Luther King Jr. Dr
Chicago, IL 60628

Lombard (18.7 miles)
837 S. Westmore B27
Lombard, IL 60148

Naperville (29 miles)
931 W. 75th St., Ste. 161
Naperville, IL 60565

Documents for Registering Your Dream Car

Here is the list of documents required for registering your dream car in the City That Works.

Application for Vehicle Transaction(s) (VSD 190) – This is the application for transferring title and registering the car to your name.

Car Title – Keep the car title ready and make sure that there no outstanding liens on it.

Form RUT-50 - Fill this form if you bought your car from a private party (it doesn’t matter if it is an in-state or out-of-state purchase).

Tax Form RUT-25 - Use this form in case of an out-of-state car purchase.

ST-556 – This form is most common because it is used when you purchase your car from an Illinois dealer.

Also, as Chicago comes under Cook and DuPage counties, you will have to compulsorily undergo the smog test. Also, pay the required Use Tax.

Stickers for Your Car

City of Chicago requires you to get a vehicle sticker within 30 days from the date of vehicle. You need to have a valid Bill of Sale/Title of the car for getting the sticker.

If you park your car in the residential parking permit zone, you will also have to purchase an annual residential parking permit. For this, you need to provide your photo ID and residential proof.

Once you are done with all the legal documents, you can freely drive your perfect car. All this paperwork may be a bit cumbersome, but they do guarantee a safe and penalty-free driving.

So, now that you are document-ready, get ready to drive your car on the streets of Chicago.

Buying a car is trouble when you have to complete the lengthy documentation process. We, at RapidCarLoans.net have simplified our car loan process so that it gets over quickly. Our application is very easy to fill and gets over within seconds. Apply for car loans online on our website to take the advantage of our simple process and affordable car loan options.

Bad credit report is just your history and Rapidcarloans.net believes in second chances. Just as the city got its second chance after the Fire, why shouldn’t you? Don’t worry about your bad credit score for we offer great bad credit car loans Chicago options to every type of borrower.
All the best!!!

A Perfect Illinois Car Buying Guide for Buying That Perfect Car


Fads come and go. What stays forever is style. Cars are so stylish that the entire nation of America is attracted to it. So much so that the automotive industry has been the centre of almost every financial decision. When it comes to loving cars, Illinoisans are same as the rest of Americans. Buying the flawless car is the dream of every American and if you are a resident of Land of Lincoln, here's your perfect guide to buy that perfect car.

Needs Define Your Purchase

Whenever you set out to make an important purchase like car, you must first understand your needs. The kind of car you need depends on several factors like your affordability, geographical conditions, fuel efficiency, maintenance, etc. If you are living in Chicago, the city of Rockford, or any other populous region, it's best to go for a small and compact car. If you live in suburbs and need to travel to the city, a fuel-efficient vehicle would suit you.

Honey! It's All About Money

The world revolves around money. Once you have decided on the kind of car you want, ascertain your affordability. After you make a budget, you will be able to solve the new-used car dilemma.

You must make arrangement for finance at this stage. There is no point in waiting till the end because desperation often leads to hasty decisions. And, you certainly don't want to end up paying high interest rates. So, a well-thought decision is required which needs time.

How to Make the RIGHT Choice?

You can make use of the internet for choosing your car. All you need to do is type-in your zip-code and you will be able to see car options in your area. You can also go the usual way of visiting the dealer's lot or buy your car from a private party.

If you are buying a new car, read the experts' reviews and talk to owners. Also, take opinion of your friends. If pre-owned cars are your kind, get the Vehicle History Report. There are many websites like carfax.com and autocheck.com that provide the report. All you need is the VIN. Make sure that you are buying a clean title.

Don't forget to test-drive. Also, ask your mechanic to take a look at it. When you buy a car, get auto insurance because it is illegal to drive without it.

Time to Take Down the Documents

Now, that you have got an idea of buying that flawless automobile, let's know about getting it registered with the SOS (Secretary of State Office). Your must register the car immediately and transfer the title in your name in within 20 days of purchase.

When you buy a new car, the dealer usually completes all the documents. But, if you are buying from a private party or purchasing a used car, there are chances that you will have to undertake the process on your own. Nonetheless, it is always important to know about the vehicle registration.

Here's the list of documents that you will require:

1. Application for Vehicle Transaction(s) (VSD 190)
 
You can get an online copy of VSD 190 or visit the local Driver Services Facility. If you need to speak to a representative of the Facility, you can call toll-free: 1-(800) 252-8980.

2. Car Title

When you buy a used vehicle, get the signed title (from the previous owner) at the time of delivery. If the original title is non-existent; you can make use of the Bill of Sale. It will be the proof of ownership until you get a title. When you buy a new car, the dealer will hand over the title.

3. Form RUT-50

This tax form is used for private party purchase, whether it is in-state or out-of-state purchase.

4. Tax Form RUT-25

This is used for an out-of-state dealer purchase. You must attach the Bill of Sale and other proofs of purchase price with it.

5. ST-556

When you buy a car from an Illinois dealer, he will use this form to report your purchase.

Get a smog check if you live in the area that requires you to do so.

Double check all the documents and check if any Use Tax is to be paid. Also, mention the Temporary Registration Permit (TRP), if issued. The title fees are $95. Registration will cost you $99.You will have to pay more if you go for fancier and customized license plates.

You can take all this to any SOS office or mail it to:

Secretary of State

Vehicle Services Department,
501 S. Second St., Room 014,
Springfield, IL 62756

Buying a car is a big purchase, only next to buying a home. If you maintain diligence, you can drive home a great car with an awesome car buying experience. All the best for fulfilling your dream!

Give yourself a great car shopping experience with Rapidcarloans.net. We are an online automobile financing company that will ensure a quick and stress-free car financing process. We offer multiple auto loans Illinois options to borrowers with every type of credit score. Apply on our website and say yes to affordable loan rates.