Credit History Significantly Affects Auto Loans in O’Fallon

June 12, 2015  

Individuals who have no credit history, an excellent credit report or a poor credit record must realize that this background information concerning past and present debts will significantly affect your efforts to acquire home or auto loans in OFallon. In fact, this documentation will determine the type of financing for which you may qualify and the interest rate, as well.

Auto Loans in O'Fallon

In addition to your credit history, there are a number of factors that also impact car loans, whether new or pre-owned:

  • The current annual percentage rate (APR) when you apply for the loan.
  • The amount of your down payment. More money down means less money is financed. This saves you valuable funds in the long run.
  • Exactly how much money is being financed.
  • The make and model of vehicle that you choose. Newer models and sport vehicles tend to cost more.
  • The term or length of the loan (how many years or months). Shorter term loans save you money.
  • Special promotions that may be offered by the dealership.
  • Your credit risk. Those with less than ideal credit can qualify for a loan but may not receive the advantages of persons with better credit.

Dealerships typically provide a wide variety of makes and models in all manner of condition in a wide range of years. Excellent prices may be found from Ford to used Toyota cars for sale.

Contact 5 Star Auto Plaza at (636)940-7600 to discover how a member of our experienced sales team can assist you with locating the perfect used auto to meet your particular requirements and supply the best option from a selection of premier auto loans in O’Fallon.

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • St. Louis Used Cars

    Review Your DealerThey gave me a great price on my trade in and the overall price was very fair according to blue book. I am more than pleased with how the service was here. Read More
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    Review Your DealerFriendly faces and attitudes made all the difference for me from past experiences. They even detailed my suv upon delivery. Great experience. Read More
  • St Charles Used Cars

    Review Your DealerLast summer I purchased a F150  from these guys.  After looking at several local dealerships, I found 5 Star Auto Plaza had the best prices, they had honest sales people and a great selection.  My truck is a great, it runs perfectly and it we absolutely love it!   Read More
  • St. Louis Used Cars

    Review Your DealerRecently after filing for a bankruptcy, our SUV broke down so we need a new family car.  We were really concerned after being turned down by another local auto dealer and our bank for a car loan due to our lack of credit after the bankruptcy.  We were truly elated to find 5 Star Auto [...] Read More
  • St Charles Auto Dealership

    Review Your DealerExcellent, top notch service! We were treated with respect and they listened to our needs 100%- Will be back Read More
  • St Charles Trucks For Sale

    Review Your DealerI am glad I chose 5star Auto Plaza for my vehicle purchase. Read More
  • St. Charles Auto Loans

    Review Your DealerReally good people who are out to help people get in position to help themselves. Read More
  • St Louis Cars For Sale

    Review Your DealerGreat person to help with purchasing a car. Friendly and very professional. Thanks for all the help. Read More
  • St. Louis Bad Credit Auto Financing

    Review Your DealerChris King was very informative about establishing my credit. Very informative on credit building. I was very pleased with customer service in the entire building. They kept me laughing. 5 Star Auto Plaza, you ROCK! Read More
  • St. Peters Used Cars

    Review Your DealerWe recently purchased a new car for our daughters 16th birthday from 5 Star Auto Plaza.  We were on a strict budget and needed a safe car, these guys really came through for us.  We were able to get a beautiful 2011 Volvo with low mileage and we got a great deal. Thanks guys! Read More
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

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