What to Know About Car Loans in St. Peters

July 27, 2017  

Car Loans in St. Peters

Getting a good interest rate on used car loans in St. Peters is dependent upon several factors. The lender you choose, whether it is a bank, credit union or a dealer, can offer different advantages and disadvantages.

Purchasing a pre-owned vehicle often comes with a higher interest rate than that of a new model, but the price of the auto itself is usually much less than new. You can often get many more extra features on an older auto for less money.

The availability of hundreds of makes and models among used vehicles makes them a popular and affordable choice for reliable transportation. You can choose from used autos, trucks, pre-owned mini-vans for sale and SUVs at virtually every used car dealer.

The length of the loan can also affect interest rates, and longer loans come with higher interest. Signing a contract for the shortest possible term will save you money in the long run, even though you will pay more per month.

If your lender is the dealership from which you buy your car, you can be assured that you will not only acquire financing no matter what your credit rating, you can also get a competitive rate for a good credit score. A great credit rating equals a lower interest rate, while a subpar credit score leads to a higher interest rate.

Call 5 Star Auto Plaza at (636)940-7600 for information about our interest rates for competitive car loans in St. Peters. We look forward to serving your vehicle needs.

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
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