Tumminia Mazda understands that life happens. Job loss, a death in the family, or a medical emergency can alter your financial situation overnight, leaving your credit history much the worse for wear. When that happens, and you’re looking for a new or pre-owned Mazda car, it’s natural to wonder: does Mazda finance bad credit? It’s challenging, but we help you identify and navigate your options.
How We Can Help Applicants with Low Credit Scores
The finance experts at Mazda Financial Services recognize that various, sometimes unavoidable, circumstances can affect your credit score. When reviewing your application, we look at the bigger picture, considering additional factors such as income stability, employment history, and overall financial situation. The finance team here at Tumminia Mazda has strong relationships with various lenders in the Olathe, KS area. This allows us to identify and tailor financing solutions for you.
How to Improve Your Chances of Approval
Some simple steps may help you when you’re securing an auto loan.
- Show Proof of Income: Recent pay stubs and proof of stable employment can demonstrate your ability to repay a loan.
- Consider a Larger Down Payment: A larger down payment can reduce the overall loan amount and show that you are committed to the Mazda financing process.
- Get a Co-Signer: If available to you, a co-signer with good credit can improve your chances at approval and even secure a lower interest rate.
- Consider a Pre-Owned Mazda Model: While a new car may not be possible, our pre-owned inventory can give you reliable options that may be easier to finance.
- Avoid Taking Out Loans or Establishing New Lines of Credit: A personal loan or another credit card may be tempting, but we advise against it; new lines of credit can hurt your chances of approval or lead to a higher APR even with a good credit history.
Explore MAZDA Financing Solutions in Olathe, KS
While nothing in life is guaranteed, we will do our best to match you with financing that meets your needs and customer service that exceeds your expectations. Visit Tumminia Mazda to explore our extensive inventory!
