Apply for Financing on a New or Used Vehicle at Schimmer Hyundai in Peru, IL

We're a family-owned dealership that's been in the car business for more than 80 years. We put a high priority on family values and we make it easy to apply for financing online. We want to help you get financing that's affordable and fits your family's budget. Here are some of the reasons you'll be glad you applied for financing at Schimmer Hyundai in Peru, IL.

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Privacy Statement

Introduction
As a valued customer, we want to ensure your private information is kept private and only shared with those companies who are authorized either by yourself or as allowed or required by law. This document explains our privacy policy, gives you reasons why we ask for the type of information we do, and if we do reserve a right to share information with non-affiliated third parties, lets you "opt-out" of our reservation to do so. Please take a moment to read this entire policy.

Collection of Information
The purchase of a motor vehicle requires considerable accumulation of nonpublic personal information. For example, if we sell or lease you a vehicle - extending you credit at your request - we will receive information from you in order to determine your creditworthiness. We may also obtain information from a credit-reporting agency. We may also obtain information from third parties such as employers, references and insurance companies.

Some of the information we obtain from you may be required by state of federal agencies, such as the Department of Motor Vehicles or the Internal Revenue Service. This information may be required even if you were to pay cash for your vehicle. Examples would be a driver's license or social security number.

Protecting Your Information
We safeguard nonpublic personal information according to established industry standards and procedures. We maintain physical and electronic safeguards that comply with state and federal law. We restrict access to nonpublic personal information about you to those employees and outside contractors who need to know the information to provide product or service to you. We prohibit our employees and agents from giving information about you to anyone in a manner that would violate any applicable law or our privacy policy.

Information Sharing
Unless we have indicated our desire to share your nonpublic personal information with non-affiliated third parties (by checking the box in the section below), we share information:

A) For everyday business purposes, such as to process transactions, maintain account(s), respond to court orders and legal investigations, or report to credit bureaus.

B) For purposes of processing a sale or lease transaction as your request or authorize, such as submitting information to third party financial institutions that may be requested to take an assignment of the contract or verifying insurance coverage information.

C) When using outside service providers to help us provide you with products and services. Before providing information to our service providers we enter into contractual agreements prohibiting them from disclosing or using the information other than for the purpose it was disclosed.

D) With "Affiliated" companies. Companies that are affiliated with us include any company that controls us, any company we control, or any company under common control with us.

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I am interested in purchasing or leasing a vehicle and request that my Consumer Credit Report be obtained, at no cost to me, in order to help determine the types and extent of financing which may be available to me.
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Save time by applying for financing online

Because we've been such a longstanding part of a small community, we've developed a totally secure online financing application so your confidential information will stay confidential. Because the information is encrypted, it can't be read by anyone except a member of our finance department.

When you apply for financing online, you can be approved for credit from the comfort and privacy of your home in Peru or wherever you live. You then know the price range you're qualified for, so it's easy to focus your search on options that fit your budget. It also saves time when you visit our dealership, allowing you to put all your attention on making the right decision for your family.

Why do so many people finance a Hyundai with a loan?

Financing any vehicle with a loan is a better financial approach for most people than getting a lease. It means the lender pays for your new Hyundai and you repay the loan over a period of years with regular monthly installments until you own or sell that vehicle. Even if you don't pay off the loan, you're building a large amount of cash value, or equity, that you can use to help pay for your next car, truck or SUV.

Some advantages of getting a new or used Hyundai with a loan

  • Once the loan is paid off, you will own your Hyundai Tucson, Santa Fe, Palisade, Kona or whatever you buy
  • Unlike a lease, a loan on a new Hyundai won't require you to return that vehicle to our dealership
  • A lease has a strict limit on the number of miles you can drive each year, but with a loan, you can drive all the miles you want without paying a penalty for excess miles
  • You can sell your Hyundai car, truck or SUV whenever you want because you'll either own it or you'll have a partial ownership stake based on the loan payments you've made
  • We have great deals on our vehicles and once the loan is paid off, you'll be free from monthly loan payments
  • You're building cash value in your Hyundai each time you make a monthly payment and that can add up to thousands of dollars' worth of value over the course of the loan
  • Financing with a loan is simple, easy to understand and a better financing approach for most people than getting a lease

What does it mean for a Peru, IL customer to lease a new Hyundai?

Leasing a vehicle is just like renting except that you're obligated for a much longer period of time, usually 36 months. Instead of paying off a loan on a Hyundai Tucson or Santa Fe, you'll be paying for the estimated amount of depreciation that the financing company projects will happen over the life of your lease contract. You'll also be required to put down a significant down payment, although it will typically be less than the down payment on a car loan. Leasing will also give you lower monthly payments than a loan.

We'll be happy to answer any questions you have

This is just an overview of the two financing strategies and a member of our finance team can tell you more. We invite you to submit our completely secure online financing application to get pre-approved so you can enjoy getting an awesome deal on a new or used vehicle at Schimmer Hyundai in Peru, IL.