Ask These Important Questions About Good Credit Auto Loans in O’Fallon

While your options for a used car with a poor credit score can sometimes be limited, opportunities abound if your credit is above-board. Good credit auto loans in O’Fallon are available at all dealerships, whether they sell new or pre-owned vehicles, as they are eager for your business. A little advance preparation on your part ensures that you get the best car and the best deal possible. Make a list of questions to ask your sales representative and loan preparation officer:

• What is the lowest interest rate for which I can qualify?
• What is the annual percentage rate or APR? Is this fixed or will it fluctuate?
• What do I need to do to lock in the interest rate?
• How many months/years is the loan?
• How much of a down payment do you recommend?
• Tell me the exact amount of my monthly payment.
• When is the first loan payment due?
• Is there a pre-payment penalty?
• Are there options for car financing with any credit score?
• Tell me about the loan fees in detail. Is there any way these can be reduced or eliminated?

While this list is not all-inclusive, it can go a long way in making certain that there will be no surprises regarding your used car purchase.

The experienced sales team at 5 Star Auto Plaza is ready to assist in matching you with a dependable pre-owned vehicle that meets all of your specific needs and affordable good credit auto loans in O’Fallon. Call us at (636)940-7600 for further inquiries.