Financing and budgeting go hand in hand. Financing can help you make the most out of your monthly budget by allowing you to pay off your car little by little. Budgeting can help you ensure you’ve got the funds to make those payments on time and in full every month. At our Mazda finance center at Peruzzi Mazda, we’ve got info about car loans and more.
Financing is a longer word that means “loan.” It doesn’t have to be a scary process, but there are certainly a few things you can do to make it easier on yourself. For starters, you should always be truthful on your Mazda finance application. We use important details like your credit history and income information to determine how likely you are to make the payments on your loan.
You should also try to shop within your means. It’s possible that you might qualify for a bigger car loan than what you can realistically afford. We aren’t aware of all of your other monthly expenses when you apply, so make sure to create a budget and determine how much you can pay monthly before you pick your new car.
Also, it helps to put up a down payment even if it’s not required. Depending on your credit, the lender may require you to put down some money toward the loan. However, even if it’s not required, it’s smart to put at least 10% down so you can lower the principal and pay it off sooner, or decrease the amount for those monthly payments.
As always, we always encourage our customers to watch for current specials. Certain models, years, and trims may involve monthly specials. Look out for 0% financing or longer term periods like 72 months.
We hope to become your go-to Mazda dealers when you want to you finance your next new car!
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