MAZDA Financial Services Frequently Asked Questions (FAQ)

When preparing to buy a car, one of the first things to square away is your finances. It is important to have a firm grasp on how much you can spend, and Mazda Financial Services can help you figure this out. Here Fields Mazda of Asheville answers common questions about financing so you can make the most informed buying decisions.

How Does Financing Work?

Financing involves borrowing money to pay for your new Mazda vehicle and then paying it back over time. You will supply money upfront for a down payment and the rest will come from a bank or other type of lender.

Does Financing Come with a Fee?

Financial institutions won't just lend you money with nothing in return. Along with the original sum you want to borrow - which is called the principal - you will also need to pay interest on your loan.

How Much Should I Use for a Down Payment?

Coming up with a sizable down payment for your pre-owned Mazda model is important. The larger the down payment, the smaller your loan will be. You should put up as much money as you can comfortably but aim for 20 percent of the sale price.

Are There Ways to Reduce Financing Expenses?

There are many things you can do to cut costs when financing a vehicle. First, going with a pre-owned car instead of a new model will help you save thousands. Supplying a larger down payment will also be a big help, and you may be able to do this by using a trade-in vehicle. Choosing a shorter loan term will also reduce your interest payments.

How Can I Start the MAZDA Financing Process?

Our Mazda dealership in Asheville, NC, aims to make financing as quick and as easy as possible. To get the process started, all you need to do is fill out our online application. This will get you pre-approved for your loan. Once submitted, one of our financing professionals will contact you to go over the next steps. If you have any questions, feel free to get in touch with us or just come down to our dealership to get started today!