There’s nothing that compares with the world-class driving experience and luxury design of a Mazda vehicle. That’s why drivers come to our showroom to purchase a new or pre-owned car with Mazda financing. Courtesy of Murray Mazda, here’s what you need to know about financing a vehicle.
Down Payments
There’s a good amount of flexibility in how much is paid upfront as a down payment for a new or pre-owned Mazda vehicle. The amount given as a down payment has a major impact on the other terms of a financing package; in general, the more paid upfront, the lower your monthly payments are or the shorter your loan term is before you own a vehicle outright. Generally, experts recommend putting at least a 20% down payment.
Credit History
It’s a good idea to have some idea of your credit score before applying for financing since your credit score can affect your terms. Typically, the higher your credit score is, the lower your interest rate will be. If you want to raise your credit score before you apply, you can:
- Limit your credit utilization rate to less than 30%
- Request a higher credit limit
- Pay off any outstanding debt
Payment Calculator
To plan your budget, you can use our virtual payment calculator to estimate your monthly payments. Simply input the price, down payment, estimated financing rate, and term length into our virtual form. Then, you can alter individual factors to see how they will affect your payments—for example, increasing the term length will lower your monthly costs.
MAZDA Financing in Muncy, PA
With a little simple research and a visit with our sales staff, you can easily find a luxurious Mazda vehicle that fits your budget. Contact Murray Mazda today to learn about current financing opportunities or to schedule a test drive in Muncy, PA!
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