Mazda financing in Australia
Mazda offers one of the widest range of vehicles of any manufacturer in Australia, from sporty roadsters and hatchbacks to the hardworking BT-50 ute.
But its position as the country’s second-best selling car manufacturer (behind Toyota) is largely down to its extremely popular SUVs. Among them are the Mazda CX-3 and CX-5 which regularly make the list of top-selling cars on the road.
When it comes to financing a Mazda, the interest rate and fees you’re charged will play a major role in determining whether or not you’re getting a good deal. Even a small difference in the car loan interest rate can make a big impact when it comes to repaying the loan.
Mazda finance options at a glance
- Finance for all models including the Mazda 3, CX-30, CX-5, CX-90 and BT-50
- Low rate secured car loan or unsecured finance
- Novated lease for Mazda available
- Mazda commercial finance options
- Borrow up to $150,000
- New or used car finance available
- Fixed or variable interest rate
- Finance terms from 1 to 7 years
- Flexible repayment options
Mazda finance rates compared
Compare the car loan interest rates across different Mazda models to get an estimate of your monthly repayments.
Mazda model | 2 (G15 Pure) |
|---|---|
Estimated cost | $22,870 |
Monthly repayments (6% p.a. interest) | $442 |
Monthly repayments (8% p.a. interest) | $464 |
Monthly repayments (10% p.a. interest) | $486 |
Mazda model | CX-3 (G20 Sport) |
Estimated cost | $26,950 |
Monthly repayments (6% p.a. interest) | $521 |
Monthly repayments (8% p.a. interest) | $546 |
Monthly repayments (10% p.a. interest) | $572 |
Mazda model | 3 (G20 Pure) |
Estimated cost | $31,190 |
Monthly repayments (6% p.a. interest) | $603 |
Monthly repayments (8% p.a. interest) | $632 |
Monthly repayments (10% p.a. interest) | $663 |
Mazda model | CX-30 (Pure - FWD) |
Estimated cost | $33,940 |
Monthly repayments (6% p.a. interest) | $656 |
Monthly repayments (8% p.a. interest) | $688 |
Monthly repayments (10% p.a. interest) | $721 |
Mazda model | 6 (G25 Sport) |
Estimated cost | $36,290 |
Monthly repayments (6% p.a. interest) | $702 |
Monthly repayments (8% p.a. interest) | $736 |
Monthly repayments (10% p.a. interest) | $771 |
Mazda model | CX-5 (Maxx - FWD) |
Estimated cost | $36,590 |
Monthly repayments (6% p.a. interest) | $707 |
Monthly repayments (8% p.a. interest) | $742 |
Monthly repayments (10% p.a. interest) | $777 |
Mazda model | BT-50 (XT single cab) |
Estimated cost | $47,250 |
Monthly repayments (6% p.a. interest) | $913 |
Monthly repayments (8% p.a. interest) | $958 |
Monthly repayments (10% p.a. interest) | $1,004 |
Mazda model | CX-80 (G40e Pure) |
Estimated cost | $54,950 |
Monthly repayments (6% p.a. interest) | $1,062 |
Monthly repayments (8% p.a. interest) | $1,114 |
Monthly repayments (10% p.a. interest) | $1,168 |
Mazda model | CX-60 (G40e Evolve Hybrid) |
Estimated cost | $60,550 |
Monthly repayments (6% p.a. interest) | $1,171 |
Monthly repayments (8% p.a. interest) | $1,228 |
Monthly repayments (10% p.a. interest) | $1,287 |
Mazda model | CX-90 (Touring Mhev) |
Estimated cost | $74,550 |
Monthly repayments (6% p.a. interest) | $1,441 |
Monthly repayments (8% p.a. interest) | $1,512 |
Monthly repayments (10% p.a. interest) | $1,584 |
| Mazda model | Estimated cost | Monthly repayments (6% p.a. interest) | Monthly repayments (8% p.a. interest) | Monthly repayments (10% p.a. interest) |
|---|---|---|---|---|
2 (G15 Pure) | $22,870 | $442 | $464 | $486 |
CX-3 (G20 Sport) | $26,950 | $521 | $546 | $572 |
3 (G20 Pure) | $31,190 | $603 | $632 | $663 |
CX-30 (Pure - FWD) | $33,940 | $656 | $688 | $721 |
6 (G25 Sport) | $36,290 | $702 | $736 | $771 |
CX-5 (Maxx - FWD) | $36,590 | $707 | $742 | $777 |
BT-50 (XT single cab) | $47,250 | $913 | $958 | $1,004 |
CX-80 (G40e Pure) | $54,950 | $1,062 | $1,114 | $1,168 |
CX-60 (G40e Evolve Hybrid) | $60,550 | $1,171 | $1,228 | $1,287 |
CX-90 (Touring Mhev) | $74,550 | $1,441 | $1,512 | $1,584 |
Types of Mazda finance options available
1
Secured loan
Financing your Mazda with a secured car loan is a popular option, as the car itself serves as security, reducing the lender’s risk. If you miss payments, the lender can repossess and sell the car to recover the debt. Loan terms usually range from 1 to 7 years, and you can choose between fixed or variable interest rates.
2
Unsecured loan
An unsecured personal loan works similarly to a car loan but doesn’t require your Mazda to be used as collateral. Since the loan isn’t secured by the car, lenders often charge higher interest rates to offset the added risk. Other than that, unsecured loans work much like car loans.
3
Novated lease
Another option is a novated lease, which allows you to finance a new or used Mazda through your employer. This type of lease offers notable tax benefits compared to a car loan. With a novated lease, you can pay for your Mazda and its running costs (like fuel, car insurance, etc.) using your pre-tax salary. You’ll also get a GST discount on both the vehicle and its ongoing costs.
4
Finance lease
A finance lease for a Mazda in Australia allows a business to lease the vehicle for a set term, making regular payments for its use. The lender buys the Mazda on behalf of the business, and at the end of the lease, the business can choose to buy the car, renew the lease or return it. Finance leases can offer tax benefits, as lease payments may be tax-deductible, and they provide businesses with a way to use a vehicle without the upfront cost of ownership.
5
Chattel mortgage
A chattel mortgage is a financing option where a business borrows money to buy the vehicle, using the Mazda as security for the loan. The business owns the car right away, but the lender holds a mortgage on the vehicle until the loan is fully paid off.
This option allows businesses to claim GST on the vehicle’s purchase price and potentially deduct interest and depreciation costs as business expenses. It’s a great choice for businesses that want to own their Mazda outright from the beginning while spreading the cost over time.
Mazda dealer finance
Mazda Assured
The Mazda Assured loan offers a fixed interest rate with loan terms of up to 4 years. It provides flexible options at the end of the loan, including trading in your Mazda, keeping it or returning it. You can also choose a balloon payment, which lowers your monthly repayments but requires a lump sum payment when the contract ends.
At the end of the loan, Mazda will determine the Guaranteed Future Value (GFV) of the vehicle. If you choose to return it, Mazda will pay you the agreed GFV, which will go towards your final payment, as long as certain conditions and agreed kilometres are met.
Fixed Rate Car Loan
The Fixed Rate Car Loan offers loan terms of up to 7 years with a fixed interest rate. Mazda provides borrowers with a personalised repayment plan and interest rate, along with options at the end of the loan to either trade in the vehicle or keep it.
Unlike the Mazda Assured Loan, the Fixed Rate Car Loan doesn’t include a Guaranteed Future Value (GFV). However, it offers flexibility with the deposit, although Mazda may sometimes require one.
Here are some of the fees associated with Mazda’s dealer finance offers:
- Establishment fee: $395
- Vehicle security registration fee: $6
- Account administration fee: $8/month
- Dealer agency fee: $912.25
Additional fees may apply, such as payment processing fees, dishonour fees, late payment fees, and charges for requesting information about your contract.
With dealer finance, something to watch out for is that it’s often sold to car buyers based on the convenience factor, and not because it represents the best deal available. You may end up paying more for the convenience of taking out finance at the same time as you buy your Mazda.
Shopping for the best finance separately will mean you have access to a wider range of options, and it generally won’t take any longer to be approved.
How to get the best Mazda finance deal
As mentioned earlier, the interest rate you get on your Mazda is very important. But getting the best deal on a Mazda car loan means considering several factors:
Ongoing finance rate
Remember, some dealer finance deals may offer a low introductory rate that increases after a certain period. If you choose Mazda dealer finance, make sure to look for a rate that stays low throughout the entire loan term. Better yet, compare a range of rates from banks, credit unions and lenders.
Fees
Unfortunately, most lenders charge fees, including application fees and/or ongoing costs that can add up quickly. It's also important to be aware of other fees, such as late payment charges or penalties for paying off your Mazda loan early. Regardless of how you finance your Mazda, there will likely be some fees, so make sure they are minimal and don’t outweigh the benefits of a low interest rate.
Finance term
When choosing your loan term, it's crucial to think it through. While a longer term can lower your monthly repayments, it usually means you'll pay more in interest overall. For instance, if you finance a Mazda CX-5 priced at $36,590 with an 8% interest rate, you could end up paying an extra $3,390 in interest over a 7-year term compared to a 5-year term.
Repayment flexibility
If your loan allows extra repayments without penalties, you can pay off your loan early and reduce the interest you pay over time, saving money in the process. It’s also important to see if the loan offers flexible repayment options, such as weekly, fortnightly, or monthly payments, to match your budget.
Eligibility for Mazda finance
To qualify for a Mazda car loan, you’ll need to:
- Be at least 18 years of age
- Be an Australian citizen or permanent resident
- Have a regular source of income
- Meet the lender’s other credit criteria
How to apply for Mazda finance
Here’s what’s involved if you apply for a loan for a new or used Mazda:
- Compare your personalised Mazda car finance offers
- Choose your best finance deal or use a car loan broker who can help
- Apply online with the lender
- Upload documents to support your application
- Wait for your application to be assessed
If approved, you’ll be granted either pre-approval for a car loan up to a certain amount (this is your budget when you go shopping for a Mazda), or final approval if you have already picked out a car.
The interest rate on your finance will be tailored to you, based largely on your credit score.
With some lenders it’s possible to get approval on Mazda finance the same day you apply.
Ready to compare car loans for a Mazda?
Get your best offers from multiple lenders. There's no obligation and checking your rates won't impact your credit score.
