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. Charles Used Cars

    Review Your DealerThey did me a great deal by working with  me on my trade in. I got into something I actually wanted and didn’t break the bank. Read More
  • St. Charles Used Cars

    Review Your Dealer5 Star Auto Plaza even won my husband over with their sales techniques. There was no high pressure tactics or belittling us. I was also impressed with all the clean cars and their selection. I would go back without hesitation. Read More
  • Chesterfield Used Cars

    Review Your DealerI made an appointment at 5 Star Auto Plaza. They showed me the car and gave me a test drive. They were  very friendly, courteous, and didn’t try to hard sell me. The car sold itself, yet they made the experience easy. Read More
  • St. Louis Used Cars

    Review Your DealerI found the gentlemen  I dealt with at 5 Start Auto Plaza quite respectful and seemed to really have my best interest at heart . My salesman really worked with me on picking out the perfect car for me. I appreciated the personalized approach he offered. Read More
  • O’Fallon Used Cars

    Review Your DealerDidn’t have to go through a big deal on getting a deal. I told them what I thought the car was worth and they worked with me to get me there. Read More
  • St. Peters Used Cars

    Review Your DealerI  wanted a new car for myself so I started checking out some cars online. I found a Lexus LS430 and decided it was the perfect car for me, I just needed to find the right priced one. I found one at 5 Star Auto Plaza, they worked within my budget and I got the car [...] Read More
  • 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
  • St. Charles Used Cars

    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
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

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