Financing a Mazda 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 range of options is also extensive, from car loans and novated leasing to dealer finance.
Whichever one you go with, the interest rate and fees you’re charged will play a major role in determining whether or not you’re getting a good Mazda finance deal.
In particular, even a small difference in car loan interest rate will be very noticeable when you’re repaying the loan.
Mazda finance options at a glance
- Finance for all Mazda models including the CX-3, CX-5, CX-60 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
Best Mazda finance rates compared
Vehicle | Mazda 2 (Pure Hatch) |
|---|---|
Estimated cost | $26,624 |
Monthly repayments (6% p.a. interest) | $515 |
TitleMonthly repayments (8% p.a. interest) | $540 |
Monthly repayments (10% p.a. interest) | $566 |
Vehicle | Mazda 3 (Pure Hatch) |
Estimated cost | $34,518 |
Monthly repayments (6% p.a. interest) | $667 |
TitleMonthly repayments (8% p.a. interest) | $700 |
Monthly repayments (10% p.a. interest) | $733 |
Vehicle | Mazda 6 (Sport Sedan) |
Estimated cost | $40,512 |
Monthly repayments (6% p.a. interest) | $783 |
TitleMonthly repayments (8% p.a. interest) | $821 |
Monthly repayments (10% p.a. interest) | $861 |
Vehicle | Mazda CX-3 (Sport) |
Estimated cost | $29,990 |
Monthly repayments (6% p.a. interest) | $580 |
TitleMonthly repayments (8% p.a. interest) | $608 |
Monthly repayments (10% p.a. interest) | $637 |
Vehicle | Mazda CX-30 (Pure) |
Estimated cost | $34,664 |
Monthly repayments (6% p.a. interest) | $670 |
TitleMonthly repayments (8% p.a. interest) | $703 |
Monthly repayments (10% p.a. interest) | $737 |
Vehicle | Mazda CX-5 (Maxx) |
Estimated cost | $38,888 |
Monthly repayments (6% p.a. interest) | $752 |
TitleMonthly repayments (8% p.a. interest) | $789 |
Monthly repayments (10% p.a. interest) | $826 |
Vehicle | Mazda CX-60 (Evolve) |
Estimated cost | $66,026 |
Monthly repayments (6% p.a. interest) | $1,276 |
TitleMonthly repayments (8% p.a. interest) | $1,339 |
Monthly repayments (10% p.a. interest) | $1,403 |
Vehicle | Mazda CX-8 (Sport) |
Estimated cost | $47,405 |
Monthly repayments (6% p.a. interest) | $916 |
TitleMonthly repayments (8% p.a. interest) | $961 |
Monthly repayments (10% p.a. interest) | $1,007 |
Vehicle | Mazda CX-9 (Sport) |
Estimated cost | $52,426 |
Monthly repayments (6% p.a. interest) | $1,014 |
TitleMonthly repayments (8% p.a. interest) | $1,063 |
Monthly repayments (10% p.a. interest) | $1,114 |
Vehicle | Mazda BT-50 (XT Cab Chassis, Dual Cab) |
Estimated cost | $53,758 |
Monthly repayments (6% p.a. interest) | $1,039 |
TitleMonthly repayments (8% p.a. interest) | $1,090 |
Monthly repayments (10% p.a. interest) | $1,142 |
| Vehicle | Estimated cost | Monthly repayments (6% p.a. interest) | TitleMonthly repayments (8% p.a. interest) | Monthly repayments (10% p.a. interest) |
|---|---|---|---|---|
Mazda 2 (Pure Hatch) | $26,624 | $515 | $540 | $566 |
Mazda 3 (Pure Hatch) | $34,518 | $667 | $700 | $733 |
Mazda 6 (Sport Sedan) | $40,512 | $783 | $821 | $861 |
Mazda CX-3 (Sport) | $29,990 | $580 | $608 | $637 |
Mazda CX-30 (Pure) | $34,664 | $670 | $703 | $737 |
Mazda CX-5 (Maxx) | $38,888 | $752 | $789 | $826 |
Mazda CX-60 (Evolve) | $66,026 | $1,276 | $1,339 | $1,403 |
Mazda CX-8 (Sport) | $47,405 | $916 | $961 | $1,007 |
Mazda CX-9 (Sport) | $52,426 | $1,014 | $1,063 | $1,114 |
Mazda BT-50 (XT Cab Chassis, Dual Cab) | $53,758 | $1,039 | $1,090 | $1,142 |
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
Some car finance deals come with an introductory finance rate that reverts to a higher rate. Make sure your Mazda finance has a low rate throughout the term.
Fees
Some lenders charge an application fee and ongoing fees. These can really add up. But you should be able to find Mazda finance with low or no fees.
Finance term
Watch out if you’re offered a loan term that’s longer than it needs to be. You’ll have lower regular repayments with a longer term, but the lender will charge you more interest overall.
Repayment flexibility
Having the ability to make extra repayments without being charged a fee will mean you have the option to pay off the loan early to save on interest.
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
-
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.
Mazda finance options explained
1
Secured vs unsecured Mazda finance
Financing a Mazda with a secured car loan usually works out cheaper than getting unsecured finance.
This is because the loan will be secured by the Mazda you buy, which reduces risk for the lender. You’ll be able to get a secured car loan for either a new or used Mazda up to 12 years old.
2
Green loans to finance a Mazda
If you’re buying an electric vehicle (Mazda MX-30 Electric) or a plug-in hybrid (Mazda CX-60), you may be eligible for a special finance discount through a green loan.
This is a type of personal loan offered by some lenders specifically for low-emission vehicles and other green purchases. If your Mazda is eligible, financing it this way means you could get a discounted interest rate and lower fees.
3
Mazda car loan vs novated lease
If you are eligible for a novated lease through your employer, this is another option for financing your Mazda with several major benefits.
The vehicle can still be used 100% for personal use, but the finance payments are made from your pre-tax salary by your employer. This brings significant tax savings on Mazda finance compared to a car loan.
You’ll be able to cover the running costs for your Mazda through your salary as well, for extra tax savings. There is also a GST saving on the purchase price of the vehicle and ongoing running costs with a novated lease.
Eligible Mazda EV and plug-in hybrid novated leases are exempt from fringe benefits tax which would mean an additional saving.
4
Mazda finance for business and self-employed borrowers
If you’ll be using your Mazda for business more than 50% of the time, you will have the option to finance it through a business car loan (sometimes referred to as a chattel mortgage). There are tax advantages to using business finance if you’re eligible.
This can also be an option for self-employed borrowers looking for Mazda finance. If the vehicle will be used mainly for personal use, a low doc car loan is another option for self-employed borrowers. It means you can apply without the standard documents (e.g. payslips) that major lenders expect.
5
Mazda dealer finance
Mazda also offers finance directly to customers who buy one of its vehicles. It offers a fixed rate car loan as well as its ‘Mazda Assured’ product which comes with a balloon payment and is designed for people who intend to trade in and replace their Mazda regularly.
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.
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