If you want to get a Mazda lease with the best possible terms, then you need to have good credit. Fortunately, the financing experts at Route 9 Mazda know a lot about what lenders look for and how you can raise your credit score. Here are some of our top tips.
Pay Off Debts
Paying off debt can help make you look more reliable to a potential lessor. If you have too much debt, a lender or lessor can look at your debt-to-income ratio and decide that another debt, like a car payment, is not something you can handle. When someone leases you a car, they want to make sure that they are leasing to someone who will be able to handle the added expense.
Make Payments on Time
It’s also important that you have a history of making payments on time and that you continue to make any payments you owe on or before their due dates. On-time payments help your credit score improve, and they show potential lenders that you are reliable.
Lower Your Credit Utilization Ratio
Your credit utilization ratio is also an important part of your credit history. If you use a smaller fraction of your available credit, that looks better to lenders. If you can, apply for a limit increase on one of your current cards. You can also lower your ratio by making your credit card payments early and frequently throughout the month.
Lease a New MAZDA Car Today!
If you’re ready to drive away in a new Mazda car, visit our Mazda dealers in Poughkeepsie, NY. We would love to help you get started with a Mazda lease.
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