What to Ask Your Lender about Good Credit Auto Loans in St. Charles

April 7, 2016  

There are a few things you should ask the dealer when you are considering good credit auto loans in St. Charles to be certain that you know exactly what to expect. They are as follows:

  • What is the best interest rate for which I can qualify with my credit score?
  • What is the APR (annual percentage rate) and the base rate? Will this rate change over the term of the loan?
  • Is the interest rate locked?
  • What is the length of the loan?
  • What is the minimum down payment? How will a larger down payment affect my monthly payment?
  • What is my monthly payment and on what day of the month is it due?
  • Is there a prepayment penalty?
  • Do you offer car financing with defaulted credit?
  • What is the amount of the loan fees and what specifically do they cover?
  • What documentation do you need from me to complete the loan application?
  • How long does it take for the loan to be approved?

What to Ask Your Lender about Good Credit Auto Loans in St. CharlesAlthough this may not be a completely comprehensive list of questions you should ask your used car dealer, it can provide a stable basis for you to know the intricacies of the car loan process. It is important to secure a loan with your “eyes open.”

For honest, excellent guidance about good credit auto loans in St. Charles and a large, varied inventory of pre-owned vehicles, come to 5 Star Auto Plaza. We have an established reputation for quality and service. Call our sales team today at (636)940-7600.

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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
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