Buying a vehicle for the first time is exciting, but it can also be intimidating. When applying for Mazda credit, there are a few things you will need to consider. Being prepared is half the battle so knowing what you will need to provide to the dealership and what steps to take will give you a pleasant car-buying experience. Here, the Mazda of Kent team guides you every step of the way.
Coming up with a budget that will work for you is imperative. This includes consideration of your monthly payments, insurance, regular service, and fuel costs.
Decide whether you want to finance your new Mazda or lease it and weigh the benefits of both options. For instance, if you choose leasing the monthly payments are generally lower than if you finance.
However, do your due diligence and consider that leasing has certain restrictions such as annual mileage limits. Exceeding the mileage can incur excessive fees but maintenance fees are often included with a lease. When financing, all costs are your responsibility.
Working within your established budget, decide what vehicle you want. Whether it’s a sedan, coupe or SUV, figure out which type of vehicle is best for your specific needs.
How many passengers do you want to accommodate? Do you prefer a new or pre-owned vehicle? Do you prefer a gas-operated or electric vehicle? Will you be towing anything and if so, what is the maximum towing capacity? These are all things to take into consideration.
A good credit score shows your credit-worthiness to potential lenders. 700 or higher is the magic number to strive toward.
A good credit score can save you money in interest rates, get you a shorter term, and save you money in the long run. To summarize, the higher your credit score, the more money you will save.
Learn more about Mazda credit at our Kent, OH Mazda dealership. Pre-qualify for Mazda financing via our online application to save time. Following these credit tips will provide a memorable experience for first-time car buyers. Visit us today!
