Mazda Finance Vocabulary

Financing is an important part of the car-buying process, and our dealers are dedicated to providing you with the ideal Mazda finance package for your needs. Brushing up on finance vocabulary is helpful for both first-time car buyers and veteran vehicle owners, so let’s review some common terms your encounter when financing a car.

Dealer Incentives

These are specials offered by Superior Mazda. We run these throughout the year to encourage folks to check out great new models and clear our inventory of last year’s models, in order to make room for the next wave of impressive Mazda automobiles.

Destination Charge

The sticker price of every new car in our showroom includes a destination charge. This charge covers the cost of transporting the vehicle from the factory to our dealership.

Residual Value

When you lease a new Mazda car, you own it for a finite period — typically, three years. The residual value is the estimated value of the automobile when the lease ends. This is important to know if you decide you want to buy the car once your lease ends.

Pre-Qualify

This is one of the first things you’ll do before purchasing a car. Getting pre-qualified is a great idea because it tells you how much car you can afford. It also saves time and makes it easier to choose the best financing package for you.

APR

This is short for “annual percentage rate”, which is the interest rate you pay on your loan. For example, if your loan is $30,000 and your APR is 5%, you’ll pay $1,500 per year in interest. This amount is divided across your 12 monthly payments per year. 

Visit Our MAZDA Finance Department Today

Whether you’re shopping for a new sedan or a used Mazda SUV, our finance experts will help you during every step of the financing process. We encourage every customer to start by visiting our website, which has several useful finance tools. For example, you can get pre-approved for a loan online, see our latest financing specials, and obtain an accurate trade-in value for your current vehicle.

Start by visiting our online new car inventory, and then visit our Mazda dealership in Bentonville, AR to get pre-qualified and take a test drive. See you soon!