Military personnel looking to buy a car have a number of financing options available to them. Depending on their personal circumstances, they may be eligible for special loans from the military or other government-backed services, as well as discounts from car manufacturers and dealers. Many servicemembers take advantage of VA loans, which are home loans offered to veterans to purchase a car at reasonable rates. Active-duty personnel may also qualify for a Military Installment Loan Program (MILP) loan from a trusted lender, which may include a lower interest rate than traditional auto loans. Lastly, Servicemembers Civil Relief Act (SCRA) protections may give military personnel in active duty status a reduced annual percentage rate when financing their vehicle.
To ensure your car runs smoothly and efficiently, regular car maintenance is essential. From regularly changing the oil and air filters to services such as engine flushes and fluid changes, proper car maintenance can help prevent costly repairs and keep your car running optimally. Keeping up with scheduled maintenance will also ensure maximum performance while increasing the life of your car. Paying close attention to your brakes, transmission, tires, and exhaust system will help keep you safe on the roads and prevent any unplanned breakdowns. Regularly monitoring and topping off fluids and regularly checking your brakes and tires will help keep your car in top condition and minimize the potential for costly repairs.