It’s easy to begin financing used cars here at Patrick Mazda. We believe safe, reliable, and exciting Mazda models should be available to fit your budget, and we’re here to help you on every step of the pre-owned vehicle purchasing process.
Learn about best practices for setting a budget for your next used vehicle at our dealership today.
Pre-Owned Vehicle Budget
One of the top reasons to consider purchasing a pre-owned model is the savings. You’ll see significantly fewer costs on a pre-owned car over a new model. That said, you’ll still want to set a budget and familiarize yourself with terms and options when deciding how much to spend on your next pre-owned model.
According to recommended guidelines, your monthly transportation costs should be no higher than 10-15 percent of your monthly income. That includes your vehicle payment, as well as insurance, fuel costs, and any maintenance needs.
When purchasing a pre-owned vehicle, you always want to account for maintenance and replacement costs that might be associated with the age of the car. Here are a few of the factors to consider when budgeting for your next pre-owned Mazda.
- Down Payment: The down payment is the amount of money you give to the dealership the day you take home your car. The more money you put down, the faster you’ll be able to pay off your vehicle.
- Monthly Costs: Make sure to set monthly payments that you can meet. You can always overpay on vehicle costs, but you won’t want to fall behind.
- Term Length: The term length determines how much you pay each month. Longer term lengths tend to have higher interest costs, but you can always pay more than required.
Learn More at Patrick MAZDA
The expert Mazda financing team here at Patrick Mazda will work with your needs, so you can take home the perfect pre-owned vehicle at the perfect price. We carry a wide inventory of pre-owned models, including Certified Pre-Owned cars and cars available for under $20,000. Begin financing your next pre-owned vehicle at our dealership today.
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