MAZDA Financial Tips for Bad Credit Buyers
Our dealership is here to help you with any Mazda financial assistance you need, especially if you have poor credit. You can still finance or lease a vehicle with bad credit, so long as you know what to do and how to find better rates. Courtesy of Sansone Mazda, here are the best Mazda financial tips for bad credit buyers to know before you apply for financing.
Improving Your Credit Score
The best way to get better terms when you have bad credit is to improve your credit score. This can take some time, but it will make you more likely to get favorable financing terms.
One way to improve your credit score is by checking your financial history with credit bureaus and challenging any false marks. If your credit history report has a mistake and you have proof, you can almost instantly improve your score.
Our Woodbridge, NJ Mazda dealership also recommends paying off any outstanding or lapsed payments before applying for financing. By making an effort to handle current debts, our lenders will be more likely to give you better terms.
Research Your Model
Thanks to our easy-to-use financing portal, you can quickly get finance or lease information about a model before you apply for financing. That way, you can get tailored financial terms based on your credit score, down payment, and term lengths. It can also help you better determine how much you need to save to afford a vehicle.
Make a Large Down Payment
If you’re trying to buy a new Mazda model with poor credit, another way to get favorable terms is to put down a sizeable down payment. The more you pay at signing, the less you’ll have to pay monthly. Lenders will also be more likely to give you regular interest rates if you have a larger down payment.
Discuss MAZDA Financial Advice in Woodbridge, NJ
Whether you need to improve your credit history or want other Mazda financial advice, our team is ready to help you. Contact the Sansone Mazda financing experts today to learn more about the loan application process or how we assist buyers with poor credit. If you’re looking for better Mazda lease terms, you can also discuss leasing with us — reach out today!