The Mazda financial services offered here at Hall Mazda Virginia Beach include tools to support you as you budget for your next Mazda car. We’re sharing top tips for vehicle purchasing, so you can focus on picking out a Mazda model you really love.
Check Your Credit Score
One of the most influential factors to consider during the vehicle purchasing process is your credit score. It tells lenders if you are a reliable borrower, which is why drivers who have higher credit scores are typically offered more favorable loan terms and options. It’s a good idea to check your credit score at the start of the vehicle financing process, so you know what models will be available to you, and so you can try to raise it, if needed.
Consider a Pre-Owned Vehicle
When you purchase a pre-owned vehicle, you’ll have a lower down payment, lower monthly payments, and smaller in-between costs. Purchasing pre-owned can be a good option for drivers who want to find the right model in their budget, or simply if you’re looking for more choices to pick from.
Use the 20/4/10 Rule
If you’re not sure where to start when budgeting your car purchase, reference the 20/4/10 rule. This guideline suggests that drivers put down 20 percent of the vehicle value for the down payment, pay the car off in four years, and spend no more than 10 percent of their monthly income on total transportation costs.
Contact Our MAZDA Financial Services Team in Virginia Beach, VA
When the time comes to finance your next Mazda vehicle, make Hall Mazda Virginia Beach the dealership you turn to first. We’ll help you budget for your next car, and it’s easy to take the first step today.
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