If you're buying a new car, do you actually need pre-approval for financing? It’s not required, but there are some reasons to want pre-approval. The Mazda financial department here at Heritage Mazda Towson can help.
Getting Pre-Approved for Mazda Financing
Some drivers go to their bank or credit union to secure financing. You can do this, but we really recommend financing through our dealership. Our Mazda financial department works with a wide range of lenders to find the best possible loans for our customers.
You might be able to score a slightly better deal elsewhere, but it's going to take a bit of shopping around. It's also important to note that applying for pre-approval is a “hard” credit check, meaning that it does affect your credit score and report.
If you do too many hard inquiries in a short period of time as you hunt for the right lender, it could affect your ability to apply for other types of loans or take on other financial obligations in the short term.
So just fill out the form on our website and get ready to be pre-approved.
The Benefit of Getting Pre-Approved
When you get pre-approved for financing, it can make it easier to budget for a new Mazda vehicle. You’d know how much money you can take out for a loan and what kind of interest rate you'll be dealing with. That makes it easier to calculate a monthly payment, so you can figure out just how much car you can actually afford.
If you want to learn more about the financing process, visit our Mazda dealership near Baltimore. Whether you have questions about pre-approval or the latest incentives, our knowledgeable staff is here.
