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Get The Best Car Loans in St. Louis with St. Louis Car Loan Experts

St. Louis Car Loan Experts can secure the car loan that you need today–no matter your credit score, past credit history, or your amount of savings. We have the necessary experience to get auto financing with a terrible credit score, less than perfect credit, or no credit history at all. 

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What Are The Different Types of Car Loans?

Generally, there are two types of car loans. The first is a secured car loan. A secured loan always allows the lender to repossess the vehicle if payments aren't made and typically has lower fees and interest rates. The second type of loan is an unsecured loan and doesn’t give the lender the right to repossess. To balance that out, an unsecured loan often has higher interest rates and finance fees. Check out the pros and cons of each type of car loan below. 

Secured Loan Pros and Cons

  • Pro: lower finance charges 
  • Pro: lower overall costs
  • Con: repossession could happen if payments aren't made
  • Con: the car you choose must meet the lender’s asset standards

Unsecured Loan Pros and Cons

  • Pro: more freedom without restrictions on how you use the money provided by the loan
  • Pro: your car doesn’t necessarily have to meet any asset standards
  • Con: higher finance charges
  • Con: higher overall costs

No matter which type of loan is best and feasible for you, we’ll be sure to walk you through every aspect of the guaranteed car loan that we provide. Additionally, we can provide resources like affordable down payments, auto credit amnesty, and exceptional customer support to have you behind the wheel of a car and on your way in no time!

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Contact St. Louis Auto Loan Experts For More Info On The Best Car Loans

Contact our dedicated finance team online today, find answers to all your credit and car loan questions, and strengthen your credit and financial health with our support and knowledge!