When it comes to the Mazda finance process, you aren’t alone. Our team here at Scott Mazda will work with you every step of the way to ensure you’re taking home the car you love at a price you’ll love. We offer financing tools you can check out right from the comfort of your home, and we’re answering your most pressing financing questions here at our dealership, including some of the following.
What Are My Financing Options?
Buying and leasing are two primary financing options to pick from when the time comes for your next car. When you buy a vehicle, you’ll have more freedom to drive and customize it as you want, and you won’t have to worry about your credit score. When you lease a vehicle, you’ll have access to new models, often for a lower monthly payment than a loan.
Why Should I Trade In My Vehicle?
There are many benefits to trading in a car, but the most significant advantage is savings. The trade-in’s value is deducted from the down payment of the next model, which means your down payment will be much lower if there is one at all. The sales tax is calculated after the trade-in value has been deducted, which means you’ll also save on sales tax.
How Much Should I Put Down on My Next Car?
The more you put toward your down payment, the less you’ll spend on your Mazda vehicle over time. That said, you want to make sure you can cover the monthly costs. A good rule of thumb is the 20/4/10 rule. Put down 20% of the car’s total, follow a four-year term, and limit transportation costs to 10% of your monthly income.
MAZDA Finance Support is at Scott MAZDA
If you’re looking for more answers to your pressing Mazda finance questions, Scott Mazda can help. Visit our dealership to learn how to take home your next Mazda model today.
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