Having Whitten Brothers CDJR of Richmond arrange your auto financing makes the process both faster and easier. Our goal is to provide you with a streamlined and stress-free car shopping experience from the test drive to driving off the lot. One way we do this is by helping arrange financing through our dealership. We have long-standing relationships with several financial institutions in central Virgina, including banks and credit unions. Thanks to this history, we can help you get the best possible rates and terms for your auto loan or lease. Before you start car shopping, use our online payment calculator to determine what monthly payments fit your budget, and get pre-approved for financing through our secure online application.
It’s fast. You simply need to complete a quick and secure online application, and we’ll start researching the best possible payment options for your needs and budget.
It’s easy. Instead of reaching out to multiple financial institutions and getting pre-approved on your own, we’ll do the hard work for you. We then present you with options to buy or lease a car, truck, SUV, or van.
It’s intelligent. We’ve had long-standing relationships with banks and credit unions for more than 40 years. We leverage those relationships to arrange the best possible auto loan or car lease for you through our finance team.
Interested in learning more about how Whitten Brothers of Richmond can help you secure an auto loan or car lease through our dealership? Read our answers to some of our frequently asked auto financing questions.
Q: Can you help me get an aggressive auto financing rate?
A: Yes. Our long-standing relationships with financial institutions around central Virginia allow us to help you secure the best possible rates and terms for your car loan or lease.
Q: Do I need to put money down to buy a new or used vehicle?
A: Though there are benefits to putting money down, it’s not always necessary. Each automotive lease or finance scenario is different, and we’ll determine if no-money-down financing is an option for you.
Q: Will the price of my vehicle be less if I pay cash?
A: The method of payment doesn’t change the price of the vehicle.
Q: What if I am already pre-approved for automotive financing?
A: If you’ve already been pre-approved for an auto loan or lease, we can work with your bank or credit union to handle the vehicle paperwork and loan origination. We’re also able to analyze the pre-approval you received and research any additional savings opportunities.
Q: What if I plan to finance a new or used vehicle through my credit union?
A: We work with credit unions through the Credit Union Direct Lending system to arrange vehicle financing. We can submit your loan, verify your approval, and initiate the loan. You just need to submit your application.
Q: What will my auto loan rate and monthly payments be??
A: The interest rate and terms depend on various factors associated with your credit history & the parameters of the auto loan. We work to arrange the best possible scenario for you based on your specific goal. To get an idea of your monthly payments, you can use our online payment calculator.
If I pay my Whitten-arranged auto loan off early, is there a prepayment penalty?
A: We only arrange simple interest loans, so there won’t be any prepayment penalty.
Q: Can I finance a vehicle if I have a trade-in vehicle that isn’t paid off?
A: Yes, we do accept trade-in vehicles, including those that aren’t yet paid off. The trade-in value can be applied to your loan or lease. If you still owe money on the vehicle, we can verify the payoff amount, evaluate your vehicle, and arrange financing. We’ll then present you with car loan or lease options that include your trade-in.
Q: Does applying for financing online place a hard inquiry on my credit? I’m worried about multiple hard inquiries on my credit.
A: There will be a hard inquiry when you apply for auto financing, and your credit reports are pulled. While it can be worrisome to have multiple financial institutions pulling your credit, consumer reporting agencies can see that you’re shopping around. As long as you get a loan within 30 days of your first credit pull, there will not be multiple hard inquiries on your credit. Find out what monthly payment fits your budget with our online payment calculator. Using this tool doesn’t result in a hard inquiry.
Q: How do I apply for vehicle financing with Whitten Brothers CDJR of Richmond?
A: You can apply and get pre-approved for auto financing online through our secure application.
Q: What happens after I submit my pre-approval application for auto financing?
A: We’ll notify you that we’ve received your application and let you know if we need any additional information. When you’re ready to make a vehicle purchase, our finance team will review the vehicle purchase details and your credit. Our team then researches the best possible terms and rates available to you.
Q: Can you use a manufacturer-offered special interest rate and customer rebates together?
A: In most cases, you can use either the special interest rate offer or the customer rebate offer, but you may not use both financial offers together. Either way, these offers provide further savings on your vehicle financing, and we can help you determine which offer will benefit you the most.
Q: Can I protect my auto investment?
A: Yes, we offer several products to help protect your investment. The cost can often be included in your auto loan, so you don’t have to pay it outright.
Q: How do I make my monthly vehicle payments once Whitten Brothers CDJR of Richmond has arranged my vehicle financing?
A: After our finance team has helped arrange your car loan or lease, you’ll work directly with the lending institution to make ongoing car payments.
Q: What are the other benefits of having Whitten Brothers of Richmond arrange financing?
A: In addition to helping you secure the best possible rates and terms, Whitten Brothers CDJR of Richmond is registered online with the Department of Motor Vehicles in all 50 states. This means you can do all the paperwork at the dealership rather than having to go to the DMV yourself. If you’re coming from out of state, we give you a temporary 30-day vehicle tag, and your state’s DMV will mail you the official plates.
