As you get closer to finding the right new Mazda car, you will want to start the process of Mazda financing. And while many drivers normally get a bit anxious when dealing with the process of financing, our team here at Green Mazda is here to give you a better experience.
That being said, we decided we’d answer some of the most common questions about Mazda financing, so you can visit our dealership more prepared.
How does my credit score affect car financing?
In general, a higher credit score will result in an easier loan approval process along with favorable rates.
Do I need a good credit score to finance a new MAZDA car?
Even if you have low credit or no credit history, the team at our Mazda financing center can help you get approved for a car loan at the best rate possible for you.
What’s the difference between buying and leasing?
Whereas buying a car makes you responsible for the full cost of the car, leasing allows you to make lower payments for a set term to drive a new car. Both buying and leasing have their own advantages and our finance team can help you decide which is best for you.
How does my finance term affect my payments?
When you expend your repayment term, you will lower your monthly payments, but you will also slightly increase your interest rate. When you select a shorter repayment term, your monthly payments will be higher, but you’ll pay a lower interest rate and pay off your car sooner.
To enjoy a seamless shopping experience from start to finish as you shop for your new car, head over to our Springfield Mazda dealership today!
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