Mazda Financial Services FAQ

Auto financing is a convenient way to purchase a new vehicle, although the process can feel daunting. However, financing with Mazda Financial Services is designed to be simple and straightforward. Our financial experts at Fields Mazda of Asheville are addressing our most commonly asked questions to make it even simpler.

How Do I Apply for MAZDA Financing?

You'll sit down and complete our financing application with a member of our team. We'll ask questions about your employment, income, and housing, as well as pull your credit. You'll need to bring proof of your identity, income, and residence, as well as proof of auto insurance.

What if I Have Bad Credit?

A low credit score doesn't automatically disqualify you, although it can have drawbacks. Your credit score shows lenders how responsibly you borrow money. If your score is low, you may not get as many offers as someone with a favorable score. A low score will also likely get a higher interest rate, so you'll end up paying more for your vehicle.

Do I Need a Down Payment?

A down payment isn't always a requirement to buy a new Mazda, although it's certainly beneficial. Most experts agree that you should make a down payment of at least 20 percent, which reduces how much interest you'll pay and helps you avoid negative equity. If you prefer, you can use your current vehicle as a trade-in. You can get a quick estimate of your trade-in value on our site any time.

How Long Should My Loan Be?

Your loan length, also known as its term, can be an important factor. A longer term gives you smaller auto payments, although a short term reduces how much interest you'll pay. Most experts suggest that you limit your loan term to four years, if possible.

Should I Lease Instead?

Many buyers see our attractive Mazda lease offers and wonder if they should consider leasing instead. Since you only keep a leased vehicle for two or three years, it is typically much more affordable to lease a vehicle. However, it's important to consider your individual needs. Leases have mileage restrictions, and you don't build up equity in a lease.

Apply for MAZDA Financing in Asheville, NC

With our simple Mazda financing process, you can get an auto loan in no time at our dealership. We're also happy to help every step of the way. Visit our Mazda dealership in Asheville, NC to get started today!