Military car loans generally have lower interest rates than other types of loans. They
also have lower down payments, and relatively longer repayment periods.
If your credit rating is lower than average, or you have a limited credit history, you may
have an easier time getting approval with a military car loan compared to a regular car
loan. In most cases, you can apply and get approved online.
Some lending companies also give discounts and rebates if your car loan is used to buy a
A military car loan may not be for you if you have enough, or almost enough, money to
buy the car up front. Or if you're considered a loan risk based on your credit history.