What Impact Does Credit Have on Your MAZDA Lease?

We’re surrounded by numbers every day, and some of the most important are the ones we don’t always give a lot of thought. Take your credit score, for example. It impacts everything from your job prospects to the Mazda lease you may or may not qualify for at Cook Mazda. 

Credit Checks and Your MAZDA Lease 

A credit check is the first step toward every kind of Mazda financing, including used car loans, loans for new Mazda vehicles, or leases. The results of that check will impact: 

• Mazda lease eligibility 

• Your loan APR on new, pre-owned, and Mazda Certified Pre-Owned vehicles 
• Your eligibility for Mazda offers, which are extended to “well-qualified buyers and lessees” (your credit history is that qualification) 

What Determines My Credit Score? 

While the credit bureaus are somewhat opaque about the exact formula, there are a few factors we know determine your score. Your income, time at your present job, a history of on-time payments, how much credit you’ve been issued, and how much of it you’re using are all taken into consideration. 

The MAZDA Financing Process 

You should be checking your credit before we do so there won’t be any surprises. This also gives you the chance to address any negative or inaccurate items in your credit report. Another way to improve your score is to pay down loans and credit cards, since this improves credit utilization. 

How Can I Get Help with MAZDA Financing? 

If your credit score is awful, or you don’t have one yet, our Mazda dealers in MD can provide alternatives thanks to an extensive network of lenders. From there, keeping your payments on time can help you establish or improve your credit score. 

Alternatives to MAZDA Leasing 

Your credit score may be stratospheric but a Mazda lease still may not be for you. After all, those with long commutes, or driving habits that lead to significant wear and tear, are often better off buying instead. There are three steps you can take to get the right financial fit for your situation:

• Use our online car payment estimator. 
• Trade in your current car, using our trade-in tool for a head start. 
• Ask your Mazda dealer for help and advice — we’ve seen it all, and it’s exceedingly rare that we cannot find a solution that fits you. 

• Most importantly, visit Cook Mazda when you need a new Mazda car or SUV!