Can You Qualify for Military Auto Loans in St. Charles?
July 12, 2016
Even when your credit is less than you may want it to be, you should complete some careful research in advance of attempting to purchase a used auto from your local dealership. Saving money is more important than ever in today’s fluctuating economy. One avenue that you may not have considered is the availability of military auto loans in St. Charles. To qualify for this special type of financing, you must have documentation of active duty or have been retired with 20 or more years service.
Many car dealerships are proud to offer car loans to service members from the Armed Forces as a personal “thank you” for your service to our country. There are distinct advantages of military financing compared to average financing that include no or low down payment, any credit rating that also encompasses auto loans with poor credit, lower interest rates than standard loans and affordable monthly payments.
Applying for military auto loans is virtually the same as for other types of financing. It can often be easily completed on the dealership’s website and approval is typically quick and painless. Your designated power of attorney can follow through on the process if you are not in the immediate area and cannot attend the contract signing.
Military auto loans in St. Charles can be found at 5 Star Auto Plaza, in addition to an excellent and varied inventory of pre-owned autos. Call (636)940-7600 with specific questions about requirements for qualification or about a particular vehicle that we have in stock.