Finance Your Vehicle with Preston Mazda

Preston Mazda Finance Center

When it comes to buying or leasing a new or used vehicle, finding the vehicle you'd like to drive home is only half the journey. The other half is finding a finance option that suits your unique needs! Fear not, the finance team here at Mazda of Boardman is ready to work with Boardman, Youngstown, and Austintown area drivers to find an auto loan, leasing deal, or finance package! From our team of finance professionals to our array of digital retailing tools, drivers can look forward to a distinctly modern finance experience at Mazda of Boardman!

Financing Made Easy

At Mazda of Boardman, we believe that securing an auto loan or lease should be a simple, stress-free process. Our goal is to empower you with the tools and information you need to make a confident decision about your next vehicle. We aim to provide drivers with a host of ways to expedite the finance process! You can start from the comfort of your own home with our handy online tools. Our **Estimate Monthly Payments** tool helps you get a clear idea of what your potential monthly payments could look like based on different loan terms and down payments. This allows you to plan your budget with more accuracy before you even step foot on our lot. Another invaluable online finance tool available is the **Value Your Trade** tool. Drivers interested in trading in a vehicle can utilize this tool to get a quick, accurate trade-in estimate, which can be applied directly to your purchase. This transparency helps you understand your buying power from the very beginning.

For those ready to move forward with the loan approval process, you can get a jump on things by filling out our secure **online finance application**. Submitting this application saves you valuable time at the dealership by giving our finance team the information they need to start working on your behalf. This digital convenience is just one of the many ways we strive to provide a seamless and efficient experience. At Mazda of Boardman, we're all about making the process as smooth as possible. Of course, if you prefer a more personal touch, you can always contact our finance team directly to speak with an in-house finance expert. They are dedicated to answering your questions and guiding you through every step of the process, ensuring you feel supported and informed.

Understanding Your Finance Options

Choosing between an auto loan and a lease can be a big decision, and our finance professionals are here to help you understand the differences. An **auto loan** is ideal for drivers who want to own their vehicle outright. When you take out a loan, you're making payments towards full ownership. This means you can customize the vehicle as you see fit and you'll have no mileage limitations. Once the loan is paid off, you own the car free and clear. Loans are a great option for those who plan to drive their vehicle for many years and want to build equity in an asset. Our team works with a wide network of reputable lenders to secure competitive rates and flexible terms that are tailored to your financial situation, whether you have excellent credit or are working to improve it.

On the other hand, a **lease** can be an excellent choice for drivers who love the feeling of driving a new car every few years. Leasing a vehicle is essentially paying for its use over a set period of time, typically 24 to 48 months. Lease payments are often lower than loan payments for the same vehicle, which can free up your budget. Leasing also means you're always driving a vehicle that is under its original factory warranty, giving you added peace of mind. At the end of the lease term, you simply return the vehicle to the dealership and can choose to lease a newer model or explore other options. Our finance experts can help you compare the benefits of both financing paths to determine which one aligns with your lifestyle and driving habits in the Youngstown and Cleveland areas.

Auto Finance Vocabulary

• APR: The Annual Percentage Rate. It represents the annual cost of a loan to a borrower.
• Assignment: A transfer of a loan from one lender to another.
• Base Price: The costs of a car with standard equipment, excluding optional accessories, but including incentives and freight charges.
• Certificate of Title: A legal document issued by a state at the time of sale. It proves legal ownership of the vehicle.
• Co-signer: A person who takes on a loan if the original borrower stops making payments. A co-signer can help a borrower get approved for a loan or get a better interest rate.
• Default: Failure to meet the terms of the loan, most commonly by missing payments.
• Interest: A percentage charge for a loan. It is the cost of borrowing money.
• MSRP: Manufacturers Suggested Retail Price. This is the price a vehicle's manufacturer recommends the dealership sell the vehicle for.
• Refinance: When one loan is used to pay off another, often to secure a better interest rate or change the loan term.
• Term: The length of the loan, usually expressed in months (e.g., 24, 48, 60 months).
• Underwriting: The process of verifying the data and information used to obtain a loan, as well as evaluating the borrower's creditworthiness.