Auto Loans for Active Military or Retired in St. Louis / St. Louis County
November 7, 2015
Did you realize that there are numerous local dealerships that provide auto loans for active military or retired in St. Louis / St. Louis County as a thank you for your service to our country? The hardest part is choosing the best one for your specific needs. Research pre-owned auto dealerships and what they can do for you before choosing one for financing.
The qualifications necessary to secure a military car loan are being an active member, in the reserves or a retiree of 20 years or more. This unique type of financing is designed for those in the military, who often face atypical situations compared to your average buyer. Financiers at the dealer evaluate your potential risk so safeguard themselves against non-payment. They peruse your credit report, your length of military service and monthly income. As a member of the military, you offer the utmost in job security and have a dependable source of income, making you attractive to lenders.
The advantages of a military loan over conventional financing include:
- A lower interest rate, even if with a substandard credit score.
- Credit approval that is simple and fast.
- Flexible payments, if necessary.
- More lenient credit requirements.
- Adjustable loan terms.
For guidance with auto loans for active military or retired in St. Louis / St. Louis County from experienced sales professionals, contact 5 Star Auto Plaza at (636)940-7600. We have an extensive inventory of used vehicles available and would be happy to let you test drive of one or more. Let us assist you with your used car purchase.