Search for the Best Car Loans in St. Charles

February 18, 2017  

car loans in St. CharlesThere is more to shopping for a used auto than just finding the most reliable vehicle. Actually, there is a lot more. It also pays big time to shop for the most affordable car loans in St. Charles. It is definitely in your best interest to search for financing before doing your vehicle search. All dealers differ in their rates for financing, depending upon the particular financial situation, the time of year, specials they may be offering and location.

Keep these tips in mind when conducting research for auto financing and pre-owned vehicles:

  • The most important number in the financing game is the APR or annual percentage rate. You want the lowest possible APR to save the most money over the term of the loan.
  • While a longer term loan certainly has appeal, as your monthly payments are lower, it saves you money in the final financing costs to have a shorter term loan. Keep your loan term as brief as you can reasonably afford. Note that a longer loan takes more time to build equity. If you decide to sell the car too early, you will not be able to cover the amount still owed.
  • Paying the largest down payment possible will definitely be to your advantage. The majority of experts recommend fronting at least 15% of the total vehicle cost with cash, trade-in or a combination of the two.
  • If your credit rating is not quite where you would like it to be, shop for a dealership that is willing to provide auto loans with poor credit. Your interest rate will be higher, but you will be able to purchase a vehicle to satisfy your transportation requirements.

Visit 5 Star Auto Plaza or give us a call at (636)940-7600 to explore your options for car loans in St. Charles and a dependable vehicle at a great price.


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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