Mazda Finance Center FAQ
After you have found the car you want, whether that be a new Mazda CX-5 or a used sedan, there will be one last step to take care of before you can head out on the roads of Willow Grove, Willow Manor, or Glenside, Pennsylvania.
That is to decide the type of financing plan you’d like for your car. With various options and different terms and tips to be aware of, our Mazda of Abington team is here to share with you all the key information you need to know before meeting with one of our finance experts! On this page, view our Mazda finance FAQs to learn all about auto financing!
How Do I Finance a New Car?
You can finance a new car by either buying the car or leasing the car. Buying the car means you will own it once you have paid off your loan. Additionally, you won’t have to pay for the entire price of the vehicle up-front if you choose this path.
You can first leave a portion of the costs up-front, which is a down payment, then finance the rest with an auto loan so you can pay off the rest over however many months you’d prefer. A lease works slightly differently since you aren’t buying the car to own it. Instead, a lease lets you drive a car for a few years before returning it to the dealership.
How Do I Finance a Used Car?
If you are looking to get a used car, you can also finance it the same way you’d finance a new car. You can make a down payment on the car, which is typically 20 percent of the car’s value or more, then have our finance team get you all set up with a loan. Buying a used car may also mean you won’t have to borrow as much from a lender, which can also help increase your chances of getting approved for a loan.
What Kind of Financing Is Available?
Like we mentioned, the two main financing options available to you are buying or leasing your car. How can you decide which is best for you? The best way is to figure out which option benefits you the most.
If you have a certain budget you are working with, but you want a particular trim level of a new Mazda, then leasing may fit for you. That is because monthly costs are typically lower with a lease since you won’t owe the full amount of the vehicle. Plus, this lets you drive a new car often.
If you want to drive your car far and wide, and for many years to come, then you’d want to buy your car. That way, you can continue to drive it long after you have paid off your loan and even customize your ride with various accessories!
Visit Our Finance Center
Discover more about financing a car by reading through the FAQs we have linked on this page. Then when you are ready to create your deal, visit our finance center here at Mazda of Abington Mazda! Our team is ready to get you out on the roads of Willow Grove, Willow Manor, or Glenside, PA, in the car you want with finance that makes the most sense for you!