A new car loan is a big decision, so you may have some questions. The Mazda finance experts here at Tumminia Mazda have answers, and you’ll find a few of them in the following FAQ.
Is Financing Better than Leasing?
For some drivers, financing is simply the better option. If you plan to keep your car for a long time, worry that you'll exceed the mileage limit of a lease, or want to customize your vehicle with accessories and performance parts, buying is your best choice.
Can I Finance With Less-Than-Perfect Credit?
It’s no secret that qualifying for an auto loan or lease is more challenging when you have subprime credit or none at all. However, there are alternatives. You can enlist a cosigner’s help, and our finance team will also work to identify options that make it easier to own a new or pre-owned vehicle.
Does a Car Loan Affect my Credit?
Any new loan will temporarily affect your credit, but if you're careful, you can use it to boost your score and make it easier to secure loans with better terms in the future. If you make all of your payments on time, that will help your credit improve. Make late payments or, even worse, default on your loan, and you will reduce your credit score.
How Much of a Down Payment Should I Make?
There is no concrete rule about how much money you must put down when you finance a car. Most drivers aim to put down 10 to 20%, but you are free to put down more. Remember that the less you put down, the bigger the loan and the more interest you'll ultimately pay.
Finance a New MAZDA Car Today
If you're ready to finance a new Mazda car, or if you have other questions not covered here, we’re at your service. Visit our dealership in Olathe, KS, and talk to our Mazda financing experts about our latest offers.
