There are many benefits of using Mazda financing for a new vehicle. However, it must be done with the right guidelines in mind. Fields Mazda of Asheville is outlining five common financing mistakes that you should avoid.
Not Checking Your Credit Score
Your credit score is a huge factor when it comes to Mazda financing. You don’t want the surprise of finding out it’s an issue when you apply for a loan. Check your credit ahead of time and address any concerning issues before you apply.
Not Getting Pre-Approved
When you get pre-approved for financing, it can help you shop with confidence. You’ll get an estimate of your loan payments and rates ahead of time. Plus, it can save you lots of time at the dealership.
Shopping by Payment
A low auto payment is certainly beneficial. However, you don’t want to simply shop by payment. It's easy to stretch out a loan to get affordable payments, but you’ll end up paying more interest overall.
Ignoring the Extras
While many of the ‘extras’ involved during financing aren’t required, that doesn’t mean you don’t need them. A service agreement can help to take the guesswork out of maintenance. You should also consider GAP insurance, which protects you if you total your vehicle and owe more than it’s worth.
Spreading Yourself Too Thin
There are multiple costs involved in owning a car outside the car payment. Don’t forget to consider insurance, fuel, and maintenance costs. You don’t want to overextend yourself.
Apply for MAZDA Financing in Asheville, NC
Financing is a great option for many buyers when done right. By avoiding these common mistakes and trusting our team, we can help you make a quick and smart financial decision. Stop by Fields Mazda of Asheville to get started today!
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