Terms You Need to Know for Car Loans in St. Peters

October 18, 2017  

Car Loans in St. Peters

Whether you are buying a home or purchasing a car, there are some important financial terms that you should understand to save money over the term of the loan. Before looking for car loans in St. Peters, learn the difference between your interest rate and the annual percentage rate or APR.

Differentiating between these two financing words can potentially save you hundreds to thousands of dollars.

  • The interest rate is the amount borrowed for the loan. It can be a fixed rate or variable and is communicated as a percentage. This number calculates your actual monthly payment.
  • The APR not only reflects the interest rate, but also additional fees. It is also recognized as a percentage.

The information that both rates provide can help determine the total cost you will pay for a vehicle, as well as an accurate monthly payment. If you are more interested in the lowest possible monthly payment for one of the numerous pre-owned Jeeps for sale, you should focus more on the interest rate. If your main concern is the total payment over the term of the loan, concentrate more on the APR.

A reputable dealer will help you determine the associated costs with the auto you choose and give you all the information you need to make the most informed decision about financing.

Call 5 Star Auto Plaza at (636)940-7600 for additional information about car loans in St. Peters and our current selection of pre-owned vehicles of all makes and models. We have the car and the loan for you.

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • 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
  • St Charles Auto Dealership

    Review Your DealerExcellent, top notch service! We were treated with respect and they listened to our needs 100%- Will be back Read More
  • St Charles Trucks For Sale

    Review Your DealerI am glad I chose 5star Auto Plaza for my vehicle purchase. Read More
  • St. Charles Auto Loans

    Review Your DealerReally good people who are out to help people get in position to help themselves. Read More
  • St Louis Cars For Sale

    Review Your DealerGreat person to help with purchasing a car. Friendly and very professional. Thanks for all the help. Read More
  • St. Louis Bad Credit Auto Financing

    Review Your DealerChris King was very informative about establishing my credit. Very informative on credit building. I was very pleased with customer service in the entire building. They kept me laughing. 5 Star Auto Plaza, you ROCK! Read More
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

    Read More
    Consumer Satisfaction Reward
    Powered by Top Marketing Agency     |     Sitemap | Privacy Policy