Brandon Reeves Auto World
950 West Roosevelt Blvd, Monroe, NC
(704) 226-9000
Opens today at 9:00 AM
Opens today at 9:00 AM

Frequently Asked Questions

Loan FAQs

I’ve been turned down for a car loan in the past. Can I still get pre-approved?

Absolutely. Brandon Reeves Auto World works with a large network of lenders and has the experience and connections to help you find financing that will work for you.

I have bad credit, will this cause my monthly payments to be high?

Not necessarily. Because we work with many different lenders we can find solutions for all types of situations. We can also use the trade-in value of your current automobile to increase your down payment and lower your monthly loan payments.

Do I need to pay to get pre-approved?

There is no charge to get pre-approved - we want you to know your options and pre-approval is free at Brandon Reeves Auto World.

Am I required to buy after I get pre-approved?

No - because pre-approvals just show you how much banks are willing to lend you, there is no commitment on your part. Lenders are guaranteed to honor the terms in your pre-approval only if you decide to buy.

Can I still get a car loan if I'm self-employed?

Absolutely, whether you’re a gig worker, freelancer, business owner or anything in between. We are able to offer options for everyone regardless of how they make their living thanks to our larger network of lenders.

Subprime Loan FAQs

What is a subprime car loan?

Subprime auto loans are offered by lenders to potential buyers with low credit scores or poor credit histories. Subprime borrowers have typically been turned down by traditional lenders because of low credit scores (generally under 600, though this has varied over time). If you’ve had difficulty getting approved for a car loan in the past then subprime financing may be a good option.

How do I qualify for a subprime loan at Brandon Reeves Auto World?

Since we offer subprime financing to those with low or no credit, as well as those who have previously or are currently filing for bankruptcy, it’s easy to qualify for a subprime car loan at Brandon Reeves Auto World. We even offer no-money-down financing, making securing a payment plan that works with your budget easy - all that’s required is that you make a minimum of $30,000 per year.

How can I get a car loan with low or no credit?

Buyers looking to get a car loan with low or no credit may have a few options available, including applying for subprime financing, considering getting a cosigner on your loan, or making a large down payment. All of these options will make you less of a risk to the lender and increase your eligibility for more traditional car loans.

Is a subprime loan bad for my credit score?

Getting a subprime loan can help develop positive credit history! Subprime car loans can hurt your credit score if you miss payments or default on the debt but can actually improve your score if you continuously make payments on time.

How can I estimate my car loan?

Finding the best vehicle for you in your price range can be difficult - in addition to your monthly payment, buyers also need to consider how much they can use as a down payment, available interest rate, the duration of the loan, and their credit score. Thankfully, we provide customers with an online car loan calculator to make it that much easier to estimate auto loan rates.