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Applying for credit is easy, and you can get started financing a purchase or lease right here. Use the form below to provide us with information we need to help find the payment and terms that work best for you.

As soon as we process your information, one of our experienced Financial Managers will call you to review your options.

Sub-Prime Credit Campaign Finance Page at Yemm Chevrolet Buick GMC Chrysler

If you're like a notable segment of people in the market for a car, truck, or other vehicle in Galesburg you may not qualify for a prime automobile loan due to your credit score and history. As a result, you may to seek a sub-prime loan to purchase an automobile. If this is the case, you need to understand some basic facts and factors associated with seeking a sub-prime automobile loan. You also need to consider the resources available to you through which you can obtain a sub-prime automobile loan.

Basic Facts about a Sub-Prime Car Loan 

There are some basic facts to bear in mind when it comes to a sub-prime automobile loan. The most essential fact is that these loans are available to Elmwood customers who have lower credit scores or have negative marks on their credit reports and histories.

A sub-prime loan comes with a higher interest rate than a prime or traditional automobile loan. The reality is that an uptick in an automobile loan interest does noticeably increase the overall cost of a vehicle during the lifetime of the loan. There can be some variation in the interest rate on sub-prime loans from one lender to another. Thus, when seeking a sub-prime automobile loan, you are wise to spend at least some time shopping around to find the most favorable interest.

As is the case with all types of loans, there are specific fees associated with a sub-prime automobile loan. These fees can vary, and sometimes rather significantly so, from one lender to another. As a result, as is the case with a loan interest rate, you are advised to embark on course of thorough due diligence and compare the costs associated with sub-prime car loans from one lender to the next. There are ample tools you can utilize in the Geneseo area.


As part of obtaining financing, you'll need to provide some basic information like a tax return and verification of employment like a W-2 of Form 1099. If you're in an industry that includes tips, you may also be asked to document that income via a bank statement.

Who Qualifies as a Sub-Prime Borrower?

There technically is no official bottom score to subprime automobile loan. With that said, a person typically falls into the sub-prime borrow range if they have a FICO or credit score that falls below 650 and above 450. FICO scores run between 300 and 850. About 20% of people in the United States have FICO score somewhere below 600. About the same number of U.S. adults have credit scores between 600 to 699 as have scores that are 700 and above. These individuals with scores above 600 typically would qualify for some type of prime automobile loan option.

Sub-Prime Automobile Loan near Kewanee

One sub-prime lender you will want to consider when seeking financing to purchase a vehicle is a dealership. Yemm Chevrolet Buick GMC Chrysler is a prime example of a dealership that works with people interested in purchasing a car or truck in finding financing. This includes a sub-prime loan with favorable terms.

Located in Galesburg, and an easy drive from Canton IL and other communities near Milan IL, our dealership maintains a large inventory of pre-owned vehicles in top condition. These include cars, trucks, and SUVs from manufacturers that include GMC, Chevrolet, Buick, and other leading carmakers.


The friendly, experienced, knowledgeable team at our dealership is eager to work with you to find an ideal vehicle to meet your needs. In addition, we will assist in finding suitable financing for you to enable you to buy the car, truck, or SUV that meets your needs, goals, and objectives.


You can visit us any time that is convenient for you. Our team will answer any questions you have, arrange for a test drive of vehicles that grab your attention, and assist with developing a financing package that works for you.