Military Auto Loans in St. Charles for Service Members and Veterans
October 19, 2017
If you are presently serving in the US armed forces or are a retiree or veteran, it may be to your benefit to seek military auto loans in St. Charles rather than conventional financing when looking to purchase a used vehicle to meet your transportation needs. Having a poor credit rating is not typically a concern for military loan lenders so virtually anyone can qualify.
Most auto dealerships are proud to offer special discounted rates to military members that are often better than financing for the average citizen. Payment arrangements are modified to meet your specific budget. To qualify, you should prepare to provide proof of service, have the ability to meet minimum income requirements and a good employment record.
Your interest rate is competitive with other lenders in the area and approval is simple and fast. After your application is accepted, you will meet with the loan officer at the dealer. Be ready to supply a list of references (usually about 3), military service documentation, proof of income and a copy of your credit report. If you are planning to use a trade-in for one of the one owner SUVs for sale, it should be clean and in good repair.
5 Star Auto Plaza is a proud supporter of the United States military and is pleased to offer military auto loans in St. Charles for qualifying members. Stop by the dealership to browse our large and ever-changing inventory or call us today at (636)940-7600. We look forward to working with you.