Military Financing in Colorado Springs CO
We never stop working for our military customers here in Colorado Springs. We know how important it is to have reliable and affordable transportation, no matter what your military position is -- that's why we're invested in finding you the financing you need to get a new or new-to-you vehicle. We'll work with you to make the process as painless and transparent as possible, and we'll never try to sell you more car than you can reasonably afford. Let's take a closer look at the military financing options in Colorado Springs CO.
Our on-site financing department is equipped to help you explore your options for auto financing as a member of the U.S. Armed Forces. We have military finance loan specialists on staff to ensure you secure the best financing for your situation, whether you take advantage of a MILES or SNAAC loan. New to borrowing? Little or no credit history? Bad credit? We can counsel you through your options and can collaborate with lenders on your behalf until you secure the financing you need to get behind the wheel of an Mike Maroone Military vehicle!
If you're an active duty Service Member, E1 and above, you're eligible for a MILES Program loan. MILES is a non-credit-score-criteria-based program; your maximum loan payment will be either a percentage of your monthly base Pay or of your total income less your monthly financial obligations. Loan terms vary and can be up to twice your remaining time on your active duty contract.
SNAAC is a specialty finance company we work with which services our finance contracts in the sale of new and used vehicles to military personnel and civilians in Colorado Springs. With over 25 years of service to the auto dealership business, SNAAC's main goal is to simplify the auto loan process for deserving customers, like our U.S. Military Personnel.
Easy, fast approval
You can apply for a SNAAC loan easily anytime via our website. Once you apply, we'll get back to you ASAP with your eligibility and options for vehicle financing through our dealership. For more information regarding your financing options, please call us at 719-387-7744.
Military Financing Options in Colorado Springs CO
The Military Installment Loan and Education Services, or "MILES," loan is available to active duty Service Members, E1 and above. It is a non-credit-score-based program and is designed to "prevent you from committing to a loan payment larger than your income and spending plan can afford." Your loan payment will be the lesser of:
- A percentage of your monthly base Pay, OR
- total income less your monthly financial obligations, such as credit card balances, repay advances, installment payments, rent/mortgage payments(not offset by BAH), or child support, alimony, and garnishments.
The MILES Program allows you to purchase a used vehicle with less than 65,000 miles and that is less than five years old. Performance and sports cars are excluded from the program.
The Security National Automotive Acceptance Company, LLC, or "SNAAC," provides industry competitive programs to service members, autocheck vehicle history reviews prior to financing, and access to TriStar Freedom Guard, a vehicle service contract with real service member benefits. Apply online here for a SNAAC loan through our dealership.
Have questions? Contact our finance department today!