There are two key elements when it comes to buying a Mazda car: the vehicle itself and how you choose to purchase it. This is why it is important to understand the Mazda finance process as much as possible. Patrick Mazda answers questions we commonly get from customers.
How Does Financing Work?
Financing involves borrowing money to pay for your vehicle. You will first determine how much you can spend immediately — this is the down payment — and the rest you will get from a bank or other lender. This will then be paid off over several years.
Does Credit Affect Financing?
Lenders look at numerous factors before loaning someone money, and credit is near the top of this list. Even if you don’t have a great credit score, you should still apply for a loan. Although you may get approved, you will likely have a larger interest rate.
Which Vehicles are Eligible for Financing?
One great aspect of financing is that it is not only applicable to new cars. If you are thinking about a pre-owned model, you will also have this option. The same is true for Certified Pre-Owned vehicles, so no matter which Mazda vehicle catches your eye, you can finance it.
How Can I Lower My Financing Costs?
There are several things you could do to cut your financing expenses. Supplying a larger down payment will result in less money needing to be borrowed and perhaps a shorter loan term. You could also go with a cheaper new model or a non-new model. Also, you may want to think about raising your credit score to get a more favorable interest rate.
Get Personalized MAZDA Financing in Auburn, MA
Once you’re ready to get the Mazda financing process started, Patrick Mazda in Auburn, MA makes it simple. Just fill out our online application to get pre-approved. You can also contact our financing department to speak to one of our professionals. Get started today and drive home in a new Mazda vehicle tomorrow!
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