Car payments are expensive propositions. Most people finance their car purchase so they don’t have to pay the whole cost upfront. But, if you’re not careful, the monthly payments on your car can get out of hand. That’s why it’s critical to find the best way to finance a new Mazda. Here are different ways that can help you do that.
Get a Mazda auto loan
Most people who buy a new car finance their purchase with an auto loan. The advantage of doing this is that it allows you to make smaller monthly payments on your car. For example, if you were to pay for a Mazda MX-5 Miata in cash, the price would be about $24,000. Using an auto loan, you could pay roughly $600 per month, only putting down $1,000 at the time of purchase.
Get a Mazda lease
Leasing at https://www.putnammazda.com/ is similar to financing with an auto loan, but there are some key differences. Instead of making monthly payments, you make one payment at the end of the term. This means that you’re only paying for the portion of time that you use the vehicle, so it’s more affordable. For example, if you want to lease a 2018 Mazda CX-5 Grand Touring AWD for $400 per month with a $1,999 down payment and a 36 month term, your monthly payments would be about $260 for every month you own this vehicle.
Find ways to save money on car insurance
Car insurance is another major expense when it comes to owning a car. If you’re not careful, you could find yourself paying significantly more than you would have if you bought a different car. It’s possible to save money on car insurance by filing your children under the same policy as you. You may also be able to get a discount for buying an older car. In order to find out how much of a discount you could get, call the National Association of Insurance Commissioners and ask about your state’s auto insurance requirements.
Get free or cheap car maintenance
If you don’t budget for auto maintenance, it can be nearly impossible to pay off your new Mazda in full at the end of your lease or term. Therefore, it makes sense to budget for this expense from the start. One way to save money on auto maintenance is by using auto maintenance coupons. You can find these in your local newspaper and online. Alternatively, you can bring your car to a shop that offers free car maintenance.
Consider selling old cars
If you have an old car that’s sitting in your driveway, you may be able to get some of your money back by selling it. You could either sell it through a website like Craigslist or you could use a service like CarMax to sell it for you for a fee. Either option could prove beneficial if the right buyer comes along.
