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 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!

Military Financing Options in Colorado Springs CO

MILES

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. 

Have questions? Contact our finance department today!