5 MAZDA Finance Mistakes to Avoid

Are you excited to drive away from the showroom of Med Center Mazda in your dream Mazda model? Whether you can’t wait to get behind the wheel of a Mazda CX-5, Mazda3, Mazda MX-5 Miata, or something else, securing the right Mazda finance plan is crucial. Avoid the following common financing mistakes and embark on your car-owning journey with confidence.

Skipping Pre-Approval

Walking into a dealership without undertaking the pre-approval process can slow down the process. Getting pre-approved for an auto loan with our finance department speeds up the process, helps you avoid paperwork at the dealership, and helps you plan your new car budget. Plus, you can get pre-approved right through our website to make it even easier!

Focusing Only on Monthly Payments

While a plan with low monthly payments can be tempting, it can also be deceiving. Pay close attention to aspects like the loan term, interest rate, and total cost of financing. Longer loan terms can lead to more interest over the life of the loan.

Ignoring Trade-Ins

If you have a car to trade in, our dealership will buy it. The value that comes from your trade-in can go toward the down payment on your next model, helping you reduce the amount that you need to finance.

Forgetting About Your Credit Score

Your credit score plays a large role in determining your interest rate and loan terms. Before applying for an auto loan, check your credit report for errors, and take steps to improve it if it’s not where you would like it to be.

Overlooking Additional Costs

When you’re calculating your budget, don’t forget about additional ownership costs such as taxes, registration fees, and insurance premiums. You’ll also want to account for fuel costs and maintenance, too.

Get Expert MAZDA Finance Advice in Pelham, AL

Here at Med Center Mazda, our team of Mazda finance professionals are here to help guide you through the financing process. Visit us today to get the ball rolling on your Mazda finance plan!