There are so many benefits to buying a pre-owned Mazda, particularly in terms of cost savings. However, even with more affordable pricing, buyers often still want to finance their purchases with monthly payments.
Have you ever wondered if you can finance a pre-owned Mazda? Luckily at Patrick Mazda, you absolutely can!
How Does Financing Work?
Financing is basically borrowing money from a lender to pay for a vehicle. However, you must apply to get approved for the pre-owned vehicle you want. Then, the lending institution essentially pays for your vehicle.
You are then responsible for making monthly payments to your lender until your total investment is paid off. Your monthly payments will also include interest, which is a direct fee to your lender for loaning you the money.
How Much Can I Afford?
Lenders look at your income as well as your debt to help determine how much you can afford. They also consider your credit history as well. Keep in mind that you could be approved for more than you feel comfortable paying.
It’s also important to factor your investment into an auto payment calculator to make sure your monthly payments work for you and your budget. You could also factor in your down payment to help lower your payment amount.
Should I Finance at Patrick MAZDA?
You don’t have to secure financing before you visit our dealership. You can easily apply during your visit or even apply online before you come to see us. We’ll send your buying criteria to our circle of trusted lenders and present you with the most competitive options. That way, you don’t just get the convenience of our one-stop-shop; you could be getting a better deal, too!
Still have questions? Visit our Mazda dealership near Shrewsbury, MA today. We’re happy to help!
