Whitten Brothers Mazda in Richmond arranges vehicle financing to make purchasing your next new or used SUV or car faster and easier. By doing so, you are removing the time-consuming step of arranging financing on your own. We have long-standing relationships with several financial institutions in central Virginia, and our auto finance team works to find you the best possible rates and terms for your car lease or loan. When you shop with Whitten Brothers Automotive, you can get pre-approved for financing from the comfort of your own home. This streamlines the car-buying process and makes it less stressful for you!
Get Pre-Approved for Auto Financing
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.
Need further information about how it works to lease or finance your vehicle through Whitten Brothers? Read through our frequently asked questions about vehicle financing to better understand how Whitten Brothers Mazda helps arrange auto financing for you.
Q: What happens after I submit my auto financing pre-approval application?
A: First, we’ll let you know that your application has been received and verify any needed information. Then our auto finance team analyzes your credit and the details of your purchase. After this, they will research various payment scenarios to find the best possible terms and rates for you.
Q: Can you get me aggressive car lease or loan rates?
A: Yes. We have a long-standing institution with long-standing lending relationships with local and national financial institutions, including banks and credit unions, which allows us to help you secure the best possible rates and terms for your car loan or lease.
Q: Do I need to make a downpayment on my new or used car purchase?
A: Putting money down can be beneficial, but it’s not always necessary. Each financing scenario is unique, and we can determine if no-money-down financing is available to you. To find out if you qualify, submit your auto financing application.
Q: Will the price of my vehicle be less if I pay cash?
A: No, the price of the vehicle remains the same regardless of your payment method.
Q: What if I am already pre-approved for a car loan or lease?
A: If you’ve already been pre-approved for auto financing, we can work with your bank or credit union to handle the vehicle paperwork and loan origination. We can also analyze your current pre-approval and research possible opportunities for additional savings upon request.
Q: What if I plan to use a credit union for auto financing?
A: We work with credit unions through the Credit Union Direct Lending system to arrange car loans directly. This system allows us to submit your loan, verify your approval, and initiate the loan. All you need to do is submit your credit application. We handle the rest to save you both time and energy!
Q: What will my auto loan rate and monthly payments be?
A: The interest rate on your auto loan will depend on various factors associated with your credit history and the parameters of the auto loan. We’ll work to arrange the best possible rates and terms based on your credit score and financial history. You can use our online payment calculator to see possible monthly payments that include the loan or lease principal and interest.
Q: Is there a penalty if I pay off my Whitten Brothers Mazda-arranged auto loan early?
A: We only arrange simple interest loans, meaning there will be no prepayment penalty.
Q: Can I finance a vehicle if I have a trade-in vehicle that I still owe money on?
A: Yes! We can accept your trade-in vehicle, and the trade-in value can be used to offset the cost of your new or used car or SUV. If you still owe money on your current car loan. We’ll verify your payoff, evaluate your vehicle, arrange the financing, and present you with auto financing options that include your vehicle trade-in.
Q: Does applying for financing online place a hard inquiry on my credit?
A: Yes, there will only be a hard inquiry when you apply for an auto lease or loan, and your credit report is pulled. Before applying for financing, we recommend using our online payment calculator tool to determine what monthly payment fits within your budget. This doesn’t affect your credit report in any way. Once you know how much you can afford to borrow, you can submit your automotive financing application.
Q: I’m worried about multiple hard inquiries on my credit. How do I avoid this?
A: We understand that it may seem worrisome to be pulling credit from multiple financial institutions. The truth is that consumer reporting agencies can see when you’re shopping around and understand that you’re in the process of buying a vehicle. As long as you get a loan within 30 days of your first credit pull, there won’t be multiple hard inquiries on your credit.
Q: How do I apply for vehicle financing with Whitten Brothers of Mazda?
A: You can apply for vehicle financing easily online through our secure pre-approval application.
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 offer provides further savings on your new or used vehicle purchase. Our auto finance team can work with you to 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, and the cost can often be included in your auto loan. Learn more about products to protect your auto investment.
Q: How do I make my monthly vehicle payments once Whitten Brothers of Mazda has arranged my car lease or loan?
A: After Whitten Brothers Mazda helps arrange your vehicle financing, you’ll work directly with the financial institution to make your ongoing car payments.
Q: How else does Whitten Brothers make the financing process convenient? Are there any other benefits of financing with Whitten Brothers?
A: Yes, there are additional benefits to financing through Whitten Brothers Mazda. Whitten Brothers Automotive is registered online with the Department of Motor Vehicles in all 50 states, which allows you to complete all the necessary paperwork at our Richmond Mazda dealership. This saves you from having to go to the DMV after you purchase your vehicle. 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.
