Military Auto Loans in St. Louis Save Money
May 29, 2018
If you currently serve in the United States armed forces, are a veteran or 20 year or more retiree, you might consider military auto loans in St. Louis when you are looking to buy a used car instead of utilizing conventional financing to meet your transportation and financial requirements. A substandard credit score is not usually a concern for lenders specializing in military loans so almost anyone can qualify. It is also beneficial to rebuild credit with a car loan.
The majority of auto dealers are honored to offer discounted rates to military members that are often better than financing options for regular citizens. Payment plans are adjusted to meet your budget. To qualify, you should be prepared to supply proof of military service, be able to meet minimum income standards and have a favorable employment record.
Your interest rate will be competitive with other lenders in your area and approval is often quite fast. After your application is reviewed and accepted, you will meet with the dealership’s loan officer. Be prepared to provide a list of 3 or more references, military service papers, verification of income and a copy of your credit report. If you plan to use your current vehicle as a trade-in for one of the numerous makes and models on the car lot, it should be in good condition and clean.
5 Star Auto Plaza is proud to support the US military and is happy to offer military auto loans in St. Louis for eligible members. Visit our dealership to peruse our extensive and constantly changing inventory or phone us at (636) 940-7600. We look forward to helping you find a reliable used vehicle with affordable financing.