Frequently Asked Questions

Do you have any minimum requirements for getting approved?

Nothing is set in stone, but we prefer people to have a monthly income more than $1,600 before tax. Also, we think that payments should not exceed 20% of your monthly pre-tax income. - If your income is $2,000 per month, your payments should not be higher than $400.

I've never had a loan before, and I don't have any credit?

There's never been a better time to start. We have approval programs designed specifically for first time buyers, so financing a car with Srq Auto will help you build a healthy credit rating.

Will I have to make a down payment?

Not necessarily! It comes down too many factors, including the vehicle you're buying, your credit situation and the specific terms of financing the vehicle. Make sure to ask us about our zero down payment options, but remember, a higher down payment could lead to lower monthly payments!

Will I always get the lowest rate available?

Interest rates depend on many variables, including your credit rating, the amount being financed and the length of the term. You can be confident that you will always get the best rate available for YOU!

I've been refused credit in other dealerships. What makes Srq Auto different?

We know that some people have less than perfect credit. We have lenders for all credit situations and our often able to help get a loan that others could not.

I'm self-employed. Will that make a difference?

Entrepreneurs helped build America, and we don't think people should be penalized for their ambition! Even if you don't have pay stubs, there are many other ways we can proof income, so don’t hesitate to ask.

My car was repossessed in the past. Does that mean I can't get approved?

We hear this all the time! So many people have suffered repossessions, and they've still been approved for new loans. We know how difficult the last few years have been, and we don't think people should have to suffer in the future for mistakes in the past.

I owe more than my car is currently worth. Do I have to come up with the balance before I can get a loan?

Negative equity is a common hazard when trading in a vehicle. Often, we can roll the balance into a new loan and on some occasions lowering your payment.

I've filed for bankruptcy...

We think you deserve a second chance! Talk to us about how we can help you rebuild your credit.

We're on a fixed income. Does that hurt our chances of being approved?

Not at all!  We have a lender and inventory for all budgets.