Finance Terms at Our Allentown Mazda Dealership
Do you have plans to get one of the new Mazda cars in our showroom, or has one of our pre-owned models captured your interest? Whether you want to get a new or new-to-you vehicle, you may overhear some finance terms you’re not familiar with. It’s important for you to understand everything clearly when you’re discussing financing so we thought it would be a good idea to explain some common finance terms.
Leasing and financing are two terms you’re almost guaranteed to hear when you’re shopping for a new automobile at our Allentown, PA Mazda dealership. If you lease a vehicle, you’re basically renting it for a set number of months. When that time period expires, you’ll return your car to our location. If you finance an automobile, you’ll take out a loan to buy it. Once you pay off your loan, you’ll own your car and you can keep it for however long you choose to.
Here are some additional financing terms:
- Term: The term is the length of time your loan will remain in force.
- Down payment: Your down payment is the amount you’ll put down when you buy or lease an automobile. The larger your down payment is, the lower your monthly payments will be.
- Depreciation: This term refers to the value a car will lose over time. Vehicles typically depreciate faster when they’re new.
- Title: A car’s title is held by the entity that owns the vehicle. If you finance a vehicle, you’ll receive your title after you settle your auto loan. When you lease an automobile, the dealership will retain possession of the car’s title no matter how many monthly payments you make.
If you have a question about another finance term, contact Scott Mazda or visit our convenient location today!
If you want to upgrade your ride but don’t want to buy a new automobile, we suggest you look through our pre-owned Mazda vehicles. Whether you view our pre-owned inventory online or in-person, you’re going to come across automobiles that have had different numbers of owners. With that in mind, some drivers ask us if it matters whether a previously owned model has had one or more previous owners.
Whether you drive one of the Mazda SUV models in our new car inventory or another body style, you’ll love the way your Mazda vehicle handles the road. Mazda automobiles have long been known for being fun to drive and our lineup for the 2020 model-year will push that reputation forward.
If you’ve heard the buzz about the much-anticipated 2020 Mazda CX-3 you may find yourself thinking, “I wish I could find a Mazda dealership near me where I could take the crossover for a test drive.” Motorists located near our Allentown, PA Mazda dealership don’t have to settle for wishing they could take the vehicle for a test drive because we have the new Mazda CX-3 in our showroom and we’ll be more than happy to take it out for a spin with you.
In our last blog post, we talked about when you may have to schedule a service appointment to have your transmission fluid changed. We chose that topic because it’s a pretty common question from drivers when they visit Scott Mazda. Of course, transmission fluid changes aren’t the only thing motorists ask about when they visit our location.
Do You Need to Schedule a Transmission Fluid Change at Our Mazda Service Center Near Easton?
If you’ve never had your transmission fluid changed before, you may wonder, “Is there a Mazda service center near me where I can learn about this type of service?” You can count on our factory-trained technicians to learn the truth about the services your automobile needs to run properly.
Motorists who are actively looking for Mazda vehicles for sale are encouraged to visit our location to check out our new Mazda car inventory. Our showroom is where we’ll introduce you to all the latest Mazda models. One vehicle that’s been hitting all the right notes with drivers located close to our Allentown, PA Mazda dealership is the 2020 Mazda6.
Are you interested in a new Mazda vehicle, one of our certified pre-owned Mazda cars, or one of the “regular” previously owned automobiles in our inventory? If so, we encourage you to visit our Mazda dealership near Easton, PA to test drive the Mazda model that has caught your eye.
If you stop by our Allentown, PA Mazda dealership, it’s always a good idea to look for a 2019 Mazda CX-5 for sale, but we want you to know that the 2020 Mazda CX-5 is due to arrive at our location any day. One of the best ways to learn about new Mazda cars is to compare them to their competitors. Although the Insurance Institute for Highway Safety classifies the Mazda CX-5 as a small SUV and considers the 2020 Acura RDX to be a midsize luxury SUV, it’s still fair to compare the two vehicles.
Are you interested in a new Mazda vehicle that’s equal parts stylish, versatile, well-equipped, and roomy? If so, we encourage you to check out the Mazda SUV models in our new car inventory. As you look over the vehicles on our lot, you may wonder how some of them compare to their competitors. One comparison motorists ask us about is the 2020 Mazda CX-9 vs the 2020 Acura MDX.
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