Five MAZDA Financing Questions to Ask Us

Weighing your MAZDA financing options at Medlin Mazda? These five questions will help you make an informed decision.

What Can I Afford?

Experts recommend keeping your car payment under 10% of your take-home pay and keeping your total car expenses under 20%. Additional expenses include fuel, maintenance, insurance, and more. If you’re interested in financing, our team will collect basic buying criteria to determine your options.

What Will My Payment Be?

An auto payment calculator can give you an estimate of your monthly payment. It factors in your total investment and is divided over a predetermined term. It also factors in your down payment (or trade-in value), taxes, and your interest rate.

What’s My Trade-in Worth?

Reach out to our team for an estimate of your trade-in value, or you can get an estimate online. There are a few factors that help determine its value.

• Make, model, trim level, and year
• Your vehicle’s condition and mileage
• Any parts you’ve added or repairs you’ve made

How Does a Lease Work?

An auto lease is essentially a long-term rental. You set a term, typically two or three years. Then, you’ll make monthly payments until the end of your term. The total cost is determined by looking at the vehicle’s current value and subtracting its estimated value at the end of your lease.

Should I Buy or Lease?

There are benefits to both buying and leasing, depending on your needs and wants. By buying, you’re building up equity in your vehicle and will eventually own it, (no more car payments!). Leasing is much more affordable than financing. It keeps you in a newer vehicle, which typically means less maintenance and repair costs too.

Ready to get started? Reach out to our Mazda dealership in Wilson, NC today!