If you are considering buying a Mazda at one of Austin’s fine Mazda dealers, before you head to the closest one to you, be sure you know if you can afford one. That means getting a pre-approved auto loan from a lending institution before you even talk to a dealership salesperson.
Of course, some people simply go to one of the Mazda dealers Austin and test drive a car. If they like it, they arrange for an auto loan through the dealer and drive the car off the lot soon after. This, however, is not usually the best way to get a good deal. In fact, you’ll probably end up paying a lot more for your car over the term of the loan.
To find the best rates for a car loan, your two best bets are a credit union and the Internet.
Most credit unions offer low-interest rate loans to both current and new customers. You can even open an account with a credit union specifically to apply for a car loan.
The other option is to look at online lending companies. There are various large companies set up that only deal with online car loans. You submit an online application and, within minutes, they will contact you telling you whether you have been approved or denied. If you get approved, simply print out the paperwork and the contact information for the lending company, and then take it to the dealership with you. This way, you know exactly how much of a loan you will get and, thus, exactly how much you can afford for a car. More info: mazda dealers Austin