Russell Smith Mazda |Finance Mazda

MAZDA FINANCE PROTECTION

What is my rate?

An excellent question! Your rate depends on YOU.

Most banks, credit unions, and auto dealers will quote the same rate to everyone who asks. However, the problem is that not everyone qualifies for the rate they are quoted. After making the decision to buy, they find out their rate and payments will be higher than they were quoted. We will handle your financial arrangements in a much more professional way!

We use FULL SERVICE LENDERS which will make every effort to customize financing to your specific situation. There are 28 factors which determine your interest rate, including:

Source of funds to repay loan
Employment/time living in area
Residence/time living in area
Home owner, renting
Income
Percent ratio of vehicle payment vs. income
Amount of down payment/term of the loan
Checking/savings account
Past credit history
Debt to income ratio
High credit
Payment history

The bottom line: After our full service lenders have had the opportunity to review your customer statement and find a competitive rate available for you, if you prefer to finance elsewhere, we will still be happy to do all of your paperwork and documentation. Let us go to work for you.