First Time Auto Loans in St. Louis / St. Louis County

If you have never bought a pre-owned car by financing it, the process can be a bit daunting. In addition, having no previous credit history can often slow prevent a purchase. However, it is possible to achieve. Before you begin your used car and financing search, evaluate your options for first time auto loans in St. Louis / St. Louis County.

• What is your budget? Can you afford the additional monthly debt of a car payment?
• Do you have several thousand dollars available in cash or will you have to finance?
• Research how financing is handled to determine if you will be able to meet the requirements.
• Within your budget, take into consideration the cost of gasoline and how much you anticipate using each week. Also, routine maintenance service such as changing the filters and oil changes must be anticipated. Unfortunately, there are also unanticipated costs if a part malfunctions. Repairs can be expensive so keeping this in mind can be quite helpful.

The higher your down payment the better. This is an advantage over the length of the loan in that you end up paying less overall. Dealers also appreciate a larger down payment up front, especially from first-timers. Your used vehicle search should encompass a car that is dependable, in decent condition and has safety features.

5 Star Auto Plaza offers first time auto loans in St. Louis / St. Louis County. Speak with a member of our sales team today at (636)940-7600 to ask about our inventory of pre-owned mini-vans, autos and trucks.