Program in Conjunction with the Bank of Nova Scotia Helps First Timers to Own Mazdas
Online PR News – 30-November-2013 – Canada – Mazda drivers are some of the most loyal customers in the business. At Budds’, the impression is that once a person devotes themselves to buying a Mazda, it’s hard to turn back ever again to cars that don’t live up to the high standards of design, engineering, and functionality that Mazdas are known for. That’s why it just makes sense for Budds’ Mazda to offer Oakville and Toronto area drivers the best chance to buy a Mazda in the first place. With the first-time Mazda owners finance program, Budds’ Mazda is doing just that.
The program is a partnership with the Bank of Nova Scotia, and has been announced for Fall 2013. The program will be available to car buyers who have never owned a Mazda in the past. The cars that can be purchased under the plan represent a wide range of the Mazdas sold at Budds’, including the Mazda2, Mazda3, Mazda6, and CX-5 vehicles. The vehicles will be available for those potential buyers who have no history of vehicle financing, and will give them the chance to finance through Scotiabank. Customers who already own a Mazda2 will benefit from an additional $500 discount from their purchase. Best of all, the program can be used alongside other incentive programs and discounts from Budds’ Mazda.
The program provides for a, maximum monthly payment of $500 and a down payment with a minimum of $1000 for retail financing and lease financing. The total debt to service ratio must be less than or equal to 35% and the customer must have no derogatory credit, including no delinquencies, no charge-offs, or judgments. In addition, D&E credit rated borrowers are unfortunately not eligible. Minimum full-time employment periods of six months are also a part of the credit check, as well as proof of income. The lender may require that proof of income be checked prior to approval. Finally, proof of insurance is necessary, as is a first payment for lease customers.
There may be additional requirements, but to find out visit http://www.wireservice.ca/index.php?module=News&func=display&sid=11197.