What You Need to Apply for Good Credit Auto Loans in St. Peters
July 30, 2015
Now that you have made the decision to purchase a pre-owned vehicle it is time to determine whether you will pay with cash or apply for one of the numerous good credit auto loans in St. Peters. It is often better to utilize financing options than give away all of the cash you have worked hard to accumulate.
There are 4 critical factors to consider before you even visit a used car dealer to buy from the large selection of “new-to-you” pre-owned trucks for sale and other vehicle types. Preparation in advance can result in saving a great deal of time and money.
- Your first step is to carefully examine the amount that you can afford to pay each month. Create an all-inclusive list of your current debts, including food and entertainment. This enables you to feel less pressure from a sales person at the car lot who is trying to force you to spend more than you are able. Remember that the price of the car is only part of the picture. Auto insurance, fuel, service and maintenance fees and financing costs must be evaluated, as well.
- Inquire at your bank and look online for current interest rates.
- Request a copy of your credit score. The higher your score, the better your interest rate will be, since this shows the dealer you are a reliable source for credit repayment.
- Gather documents like mortgage or rental papers, employment verification, etc. to complete your application quickly.
Call 5 Star Auto Plaza at (636)940-7600 to talk with one of our staff about good credit auto loans in St. Peters.