While there’s nothing like the feeling of driving off the lot of Tumminia Mazda in a new Mazda car, you first need to go through the financing process. Whether you’re new to the process or have purchased a few cars in your lifetime, financing can be intimidating. Luckily, the friendly Mazda financing experts here at our Mazda finance center are here to help you through the process. Here is a beginner’s guide to Mazda financing.
Check Your Credit Score
As is true with most aspects of the financial world, your credit score is important. The better your credit score, the better your options will be when financing a Mazda CX-30 or other model. However, even if you have no credit or poor credit, our finance representatives will do everything they can to get you a loan that works for you.
Figure Out Your Budget
Before you pick out a specific Mazda model that you want to purchase, it is recommended that you have an idea of how much you afford to pay. Make a budget in order to determine how much you can afford to pay every month, or utilize our handy payment calculator to find out how much a new Mazda will cost on a monthly basis.
Important Terms
When you’re financing a car, you’ll likely come across these terms:
- Interest rate: The cost of borrowing money from a financial institution. This will be an additional monthly charge on your auto loan.
- Down payment: The amount that you pay upfront for the vehicle.
- Loan term: The number of months you expect to pay off your loan. The longer the loan, the more you’ll pay in interest over time.
Get the ball rolling on your Mazda loan here at Tumminia Mazda.
