With so many Mazda finance myths swirling around, it can be difficult to know if financing is right for you. We would love to help. Route 9 Mazda is debunking three common myths to help you better understand the financing process.
Don’t Shop Without Perfect Credit
Yes, good credit is beneficial when you apply for an auto loan. You’ll typically get a lower interest rate and more loan offers overall. However, bad credit doesn’t necessarily bar you from getting a loan altogether. You can secure bad credit auto financing or try another avenue such as applying with a cosigner.
Stick with Cash
If you have the means to buy a vehicle outright with cash, it certainly has its benefits. However, there are also lots of perks to financing. For starters, you don’t have to drain your savings account, so you can still earn interest on your money and have it as a reserve in case of an emergency. Plus, getting a loan and paying it back with timely payments can help you further improve your credit score.
Wait Until the End of the Month to Shop
It’s a common misconception that you should wait until the end of the month to shop, when dealerships are scrambling to meet quotas. In truth, we consistently have deals going on and offer manufacturer incentives throughout the year. While there may be times that you’re more likely to see a deal, such as the end of the month or year, or on a holiday, you’ll always get a great price at our dealership.
Apply for MAZDA Financing in Poughkeepsie, NY
Don’t get wrapped up in the many Mazda finance myths. We are ready to help you get an attractive loan for a new Mazda vehicle any day of the year. Visit Route 9 Mazda to get started today!
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