How to Handle Auto Loans During Military Deployment

Upon joining the military, many service membersperson caring for the vehicle to procure insurance
jump at the opportunity to purchase a vehicle. Militaryand register the vehicle with the state if necessary.
auto loans can be easy to procure, as members ofThe car loan repayment must also be handled while
the armed forces have a solid work history and jobthe military member is deployed. While the best way
security, and lenders feel secure that the loan will beto do this is having the payments taken from the
repaid. While purchasing a vehicle can be verymilitary member's checking account via automatic
rewarding, military members have special challengesdebit each month, some individuals are just not
that must be considered before buying that new orcomfortable with this. Many members allow a friend
used automobile.or family member access to their automobile loan
The biggest concern is deployments. What willaccount to handle this detail for them. This is also
happen to the car if the military member is deployed?handled via a Power of Attorney. This can be
Provisions must be made to put the vehicle indangerous, so the member must ensure that they
storage or in the care of a trustworthy friend orchoose a trustworthy individual to handle this task.
family member. A Power of Attorney must beCar loans for military members are a great thing, if
prepared, at no cost, by the Legal Assistance Officehandled properly.
at the owner's military unit. This document allows the