MAZDA Financing Tips: How to Budget for Your Purchase

The Mazda financing process doesn’t have to be overwhelming. When you visit Sentry West Mazda, you’ll find high-quality vehicles that fit your budget. We also offer tools and resources to help you save on the next great model. Learn how to budget for your next Mazda vehicle at our dealership today.

Check Your Credit Score

Your credit score might be the most important factor to consider when setting a vehicle budget. It tells lenders how reliable you are for a loan, and has a significant impact on your term length and interest rate, ultimately affecting what vehicles might be available to you. You want to begin your budget-setting process by checking your credit score first, as it can help to give you a starting point of available models.

Consider Pre-Owned Vehicles

One of the best ways to save on your next vehicle is by thinking outside of the box – specifically, outside of the new vehicle box. If you don’t want to have to worry about saving up for a larger down payment, or you’re interested in cars that might be outside of your budget, a pre-owned vehicle can be an excellent alternative. Pre-owned vehicles have lower down payments and smaller monthly payments, and you’ll be able to save on in-between expenses like insurance and accrued interest.

Use the 20/4/10 Rule

If you’re not sure where to start on your budgeting journey, the 20/4/10 rule can be very helpful. It recommends putting down 20 percent of the vehicle’s value as a down payment, paying the car off in four years, and spending no more than 10 percent of your monthly income on vehicle expenses.

Begin Your MAZDA Financing Journey in Shrewsbury, MA

No matter what your vehicle financing needs might be, you’ll find the support you need at Sentry West Mazda. We’ll help you pick out the car you love without breaking the bank, and we provide the expert care and quality parts to keep it running right. Visit our dealership to begin your Mazda financing journey.

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