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Choosing Military Auto Loans in Camp Springs for Your Next Purchase

July 29, 2019  

Choosing Military Auto Loans in Camp Springs for Your Next Purchase

Have you been researching your options for military auto loans in Camp Springs? CarSmart has a financing team that can provide you with the options that you’ve been looking for for your next pre-owned vehicle purchase. Whether you’re active duty and traveling around frequently, or you’re a veteran who needs a new vehicle, we can help you, regardless of your credit history, to obtain the car that you want.

There are several benefits to getting a military auto loan, and applying for one is no different from applying for a standard car loan, except you also have to show proof of military service. If you’re unsure about whether to apply for a regular car loan or a military loan, here are just a few benefits of military loans to help you make a well-informed decision:

Easier approval

If you don’t have a long-running credit history or your credit score is low, military personnel have a much easier time of getting approved for a military auto loan compared to traditional loans.

Low down payment

Members of the military may not be required to make as significant of a down payment as a civilian would for their car. Some active-duty military may even qualify for zero-down car loans.

Better Discounts

If you plan to buy a new vehicle, many auto manufacturers have specialized military incentives. Keep an eye out for cashback rebates and other options for active-duty, reserve, and retired military personnel, as well as their families.

Lower interest rates

Military loans typically feature lower interest rates than a standard loan. Not only does this mean more affordable long-term financing options, but lower monthly payments as well.

Payment flexibility

Moneylenders that offer military auto loans often have flexible payment plans, especially if you go with longer loan terms that can provide you with lower monthly payments. In the event of unforeseen circumstances, such as a sudden deployment, these types of lenders usually are more willing to offer more flexible options for your payments as well.

If you’re looking for outstanding military auto loans in Camp Springs for your next pre-owned vehicle purchase, the CarSmart financing team can guide you through your options, so you know exactly what you’re getting. For more information about the cars we have available, or about our financing, call our team today at (888) 292-8115 or stop by the dealership.

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