Mazda Financial Services: Frequently Asked Questions

Navigating the process of financing a new or pre-owned vehicle can be overwhelming, but with Mazda Financial Services, you have access to a wide range of financing and leasing options designed to fit your budget and lifestyle. At Tustin Mazda, part of Patterson Autos, we strive to make the financing process as straightforward and transparent as possible. Whether you're deciding between leasing or buying, curious about your trade-in value, or exploring online financing options, our Tustin Mazda finance department is here to help.

This FAQ guide will answer some of the most common questions about Mazda financial services to help you make the best decision when it comes to financing your next Mazda.

What is Mazda Financial Services?

Mazda Financial Services is the financing arm of Mazda, providing customers with tailored financing and leasing solutions for purchasing new and certified pre-owned Mazda vehicles. Through Mazda Financial Services, customers can secure competitive rates, flexible terms, and financing offers that suit their individual needs. Whether you're looking to lease a new Mazda or finance a purchase, Mazda Financial Services offers a range of programs to simplify the process.

At Tustin Mazda, we work closely with Mazda Financial Services to help you find the best possible financing option for your situation, ensuring a smooth and hassle-free experience.

What are my options for buying or leasing a Mazda?

When considering your next vehicle, one of the biggest decisions is whether to buy or lease. Both options have advantages, and the best choice depends on your driving habits and financial situation.

• Buying: When you buy a Mazda, you make monthly payments toward owning the vehicle. Once the loan is paid off, the vehicle is yours to keep. Buying is a great option if you plan to keep the car for a long time, drive more than the average mileage, or want to customize your vehicle. Buying also provides more flexibility since there are no mileage restrictions or wear-and-tear limits.

• Leasing: Leasing a Mazda allows you to drive a new vehicle for a fixed term (typically 24 to 36 months) with lower monthly payments than buying. When you lease, you're essentially renting the car for the duration of the lease, after which you can return the car, purchase it, or lease a new model. Leasing is ideal for those who prefer driving a new car every few years and typically drive fewer miles annually. However, keep in mind that leases often come with mileage limits and wear-and-tear charges.

If you’re unsure whether to lease or buy, the Tustin Mazda finance department can help you weigh the pros and cons based on your driving habits and financial goals.

How do I apply for Mazda financing?

Applying for Mazda financing is easy, and you can do it either in person or online. At Tustin Mazda, we offer a convenient online financing application process, allowing you to get pre-approved from the comfort of your home.

Here’s how to apply for Mazda financing:

1. Online: Visit the Tustin Mazda website and navigate to the online financing section. From there, you can fill out a secure financing application. The application requires basic information such as your name, contact details, employment, and financial information. Once you submit your application, our finance department will review it and get in touch with you about next steps.

2. In-Person: You can also visit our Tustin Mazda finance department in person to discuss your financing options with one of our specialists. They’ll guide you through the process and help you find the best financing or leasing plan based on your needs.

Applying online can help speed up the process when you visit the dealership, so you can focus more on choosing the perfect vehicle.

What are the benefits of using Mazda Financial Services?

Mazda Financial Services offers several advantages, including:

• Competitive Rates: Mazda Financial Services provides competitive interest rates and financing offers, which can help you save money over the term of your loan or lease.

• Flexible Terms: Whether you prefer shorter or longer loan terms, Mazda Financial Services offers flexible financing and leasing options to match your budget.

• Special Offers and Incentives: Mazda often offers special financing promotions, lease deals, and incentives to help customers get the best value. These offers can include lower APR rates, cashback deals, or reduced monthly payments on leases.

• Trade-In Assistance: If you're looking to trade in your current vehicle, Mazda Financial Services can help facilitate the process and incorporate the value of your trade into your new loan or lease.

At Tustin Mazda, we’ll help you take advantage of these benefits to make financing your next Mazda as simple and affordable as possible.

Can I estimate the trade-in value of my current vehicle?

Yes, estimating your vehicle’s trade value is easy and can be done directly on the Tustin Mazda website. We offer a trade-in value tool that allows you to input details about your current vehicle—such as its make, model, year, mileage, and condition—to get an estimate of its worth.

Once you have your estimate, you can bring your vehicle to Tustin Mazda for a professional appraisal. The value of your trade-in can be applied toward the down payment on your new or leased Mazda, reducing your overall costs. Trading in your current vehicle is a great way to lower your monthly payments or finance a higher trim level.

What is the difference between APR financing and leasing?

When deciding how to finance your new Mazda, it’s important to understand the difference between APR financing and leasing.

• APR Financing: With APR financing, you’re taking out a loan to buy the vehicle. You’ll make monthly payments that cover both the principal (the vehicle’s cost) and the interest (the APR). Once you’ve paid off the loan, the car is yours to keep. The APR (Annual Percentage Rate) represents the cost of borrowing money, and this rate can vary based on your credit score and financial situation.

• Leasing: Leasing doesn’t involve a loan, but rather an agreement to pay for the vehicle’s depreciation over a fixed term, plus interest. Your monthly lease payments are typically lower than loan payments, but you won’t own the vehicle at the end of the lease unless you decide to purchase it.

Both options have their benefits, and the choice depends on your driving needs, financial goals, and whether you want to own the vehicle long-term.

What happens at the end of a Mazda lease?

When your Mazda lease ends, you have several options:

1. Return the Vehicle: You can simply return the vehicle to Tustin Mazda. Our team will inspect the car for any excess wear or damage and check the mileage to ensure you haven’t exceeded the lease limit.

2. Purchase the Vehicle: If you’ve fallen in love with your Mazda and want to keep it, you have the option to purchase it at the lease-end buyout price. This price is typically determined when you first sign the lease.

3. Lease a New Mazda: Many drivers choose to lease a new Mazda at the end of their lease. You can trade in your current vehicle and start a new lease with the latest model.

Leasing offers flexibility, and our finance department can help guide you through the end-of-lease process.