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Compare Mazda Finance Options

How to get the finance you need for your new Mazda.

Has the old car that you’ve had since you were 16 finally died? Or maybe you’re just ready for an upgrade? Whatever the case, if you’re considering purchasing a Mazda, it’s important to think about your finance options.

This guide will take you through what you need to think about when it comes to financing a Mazda and what your options are.

What type of finance options are available for you and your Mazda?

There are a variety of options that are available when it comes to getting a new car. These include:

    • Secured car loans. This is a loan that will use your newly purchased Mazda as security. The loan amount is usually tied to the purchase price of the Mazda.
    • Unsecured loans. These loans usually have higher interest rates than secured loans but the loan amount can also be used for other purchases, such as extras for your car or insurance.
    • Novated lease. This involves an agreement between you, your employer and a third-party financier where you pay for your vehicle out of your pre-tax salary. Your employer will be responsible for making the repayments.
    • Commercial hire. This involves you renting the car and having the benefits of ownership without actually owning the car. This can be a good option for business owners and people who want the car but don’t want to own it outright.
    • Chattel mortgage. This is for businesses who need cars quickly, as the lender loans money to the business for the car and then puts a mortgage on the car.
    • Dealer finance. Naturally, the dealership has finance options available. Dealership finance can offer lower ongoing repayments because the rates are around 0-2% p.a. This is because you will pay a balloon payment of up to $5,000 or even $10,000 at the end of the loan period.

Compare car loans suitable for use to purchase a Mazda

Rates last updated October 17th, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
Stratton Finance New Car Loan
From 5.29% (fixed)
6.56%
$18,000
1 to 7 years
$8.90
$459.20
You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Loans.com.au - New Car Loan
5.44% (fixed)
5.99%
$5,000
3 to 5 years
$0
$400
You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
IMB New Car Loan
5.89% (fixed)
6.24%
$2,000
1 to 7 years
$0
$250
You'll receive a fixed rate of 5.89% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.
Latitude Car Loan
From 6.99% (fixed)
8.1%
$5,000
1 to 7 years
$10
$295
You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Finance a new or used car up with loans from $5,000 and benefit from flexible repayments.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
5.97%
$25,000
1 to 7 years
$0
$175
You'll recive a fixed rate of 5.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
St.George Secured Personal Loan - Fixed Rate
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$12
$195
You'll receive a fixed rate from 8.49% p.a. based on the value of your car
Get a competitive rate and apply for a larger loan up to $80,000 when you attach a new or used car as security to the loan.
Westpac Car Loan
From 8.49% (fixed)
9.67%
$10,000
1 to 7 years
$12
$250
You'll receive a fixed rate of 8.49% p.a.
Finance a new or used car and benefit from convenient features for car buyers including a car search tool and the option to borrow extra for on-road costs.
RACV New Car Loans
From 5.99% (fixed)
6.55%
$15,000
1 to 7 years
$0
$399
You'll receive a fixed rate of 5.99% p.a.
A larger loan of $15,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
IMB Secured Personal Loan
6.89% (fixed)
7.24%
$2,000
1 to 5 years
$0
$250
You'll receive a fixed rate of 6.89% p.a.
Benefit from this competitive rate by securing the loan with a vehicle up to 6 years old. Use this flexible loan for any purpose.
Community First Credit Union New Car Loan - Variable
From 5.34% (variable)
6.1%
$10,000
1 to 7 years
$5
$195
You'll receive a variable rate of 5.34% p.a..
Finance a brand new car, demonstrator vehicle, boat, caravan or motorbike and benefit from a competitive variable rate. Loans from $10,000

Compare up to 4 providers

Things to look at with your finance

There are a variety of things to look at in your financial life before you decide to get a new car. Here are a few things to consider before deciding to get that brand new Mazda:

  • The pros and cons of getting a loan. Sure, getting that new car might be great, but what’s not so great are the loan repayments. Make sure that this is something you can afford to do before taking it on and getting caught up in the new car feeling.
  • Look at flexible repayment opportunities. Make sure the loan you get has the option for flexible repayments, such as allowing additional repayments or early repayment without penalty. This is a convenient feature that can save you money.
  • Do your research. As with any huge financial decision, it’s very important that you consider all of the options available to you and whether or not this one might be right for you. If it isn’t, there’s definitely a loan out there that’s willing to meet your needs for low fees. You just have to find it!

Things to consider before you finance a Mazda

Here are a few things to consider before deciding to finance a Mazda.

  • Fees. Make sure that you’re aware of all of the fees that the loan you’re applying for has. Fees can include those charged upfront, such as application and establishment fees, or ongoing fees such as monthly or annual fees.
  • Loan term. Figure out realistically how quickly you can afford to pay off your loan and find a loan term that meets this.
  • Interest rates. Compare interest rates to find the lowest and best rate for you. This is a crucial detail to look at as this impacts your repayments and the overall cost of your loan.
  • Comparison rate. Don’t forget to check out the comparison rates on any loans you might be interested in as this gives you more of an idea as to how the loan will actually cost.
  • The amount you want to borrow. It’s important to note the loan amounts the lender offers, to see if this meets your needs.

Costs to consider before applying for a loan for a Mazda

We’ve covered all of the financial and important costs, such as upfront and ongoing fees and the amount you want to borrow, but it’s also important to think about the car’s running costs. Although you might be able to afford the loan repayments for the car, you need to factor in costs such as petrol, regular servicing and maintenance of your car as well as registration and insurances.

That’s why it’s important to think about this before applying for a car loan. It’s also important to consider whether or not the minimum repayments will leave you with any money left over to cover all of the expenses that were mentioned previously.

What you will need to apply for a loan

Eligibility criteria and application requirements differ between lenders. But generally, in order to apply for a car loan you will need to:

  • Be 18 years of age or over
  • Be an Australian citizen or permanent resident
  • Have a steady income that allows you to afford the repayments
  • Be employed in some capacity (some lenders will accept Centrelink applicants)

As long as you follow the considerations in this guide, you should be feeling the wind in your hair from your brand new Mazda in no time.

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Car Loan Offers

Important Information*
IMB New Car Loan

You'll receive a fixed rate of 5.89% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Loans.com.au - New Car Loan

You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Latitude Motor Vehicle Loan

You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Stratton Finance New Car Loan

You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

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2 Responses

  1. Default Gravatar
    maniOctober 4, 2018

    I would like to inquire about the best finance options.

    • finder Customer Care
      JhezelynOctober 5, 2018Staff

      Hello Mani,

      Thank you for your comment.

      Please note that you have reached finder and we are a comparison website, hence, we can only give you general advice.

      Since you’re on a car loan financing page, I assume that you’re looking for a car loan. Please refer to the recent car loan products we have and compare these. Please look for a car loan that helps you get the car you want for repayments that are affordable for you and offers you features that meet your needs.

      After comparing the loan products, please click the Go to Site button of the product that you’re eyeing on. Please make sure that you’ve read the relevant T&Cs or PDS of the loan products and ensure that you have met the eligibility criteria and requirements, and if necessary, speak to the lender before submitting an application.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

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