Finance FAQ's

  1. How do I know if I can qualify for a loan to purchase a vehicle?

    If you have a job that can be verified, and if you are not currently involved in a bankruptcy, there is a good chance that your loan will be approved.

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  2. Does buying a pre-owned vehicle really help me re-establish my credit?

    Yes. When checking with the credit bureau, many lending institutions look at automobile loans closer than any other type of loan ( other than home loans ) to verify your credit standing.
    Secured credit cards are no help at all - you are really borrowing your own money with the glory of having a piece of plastic in your wallet. Buying a car from a “buy here, pay here” lot that does not report to the credit reporting agency is simply not very smart because it does not help your credit record at all.

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  3. Are there any hidden fees or service charges associated with submitting a credit application?

    There is absolutely no cost to fill out an application. You can fill out an application without paying or risking anything.

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  4. How long will the loan process take?

    Most customers are contacted within a few hours after receiving the application.

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  5. Why do you need my social insurance number?

    Your social insurance number is required for the lender to be able to perform a credit check in order to determine what type of financing you qualify for. This information is used only for the purpose of determining a credit score for the applicant, and as outlined in our privacy policy, is not used for any other purpose or shared with any third parties other than the lender that your profile is assigned to.

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  6. How do I choose between a loan or a lease?

    When you obtain a loan, your down payment and monthly payments go toward the total purchase price of the vehicle. When the term of the loan is complete and the loan is paid in full, you own the vehicle. With a lease, you make monthly payments for the term of that lease. Once the term of the lease is complete, the vehicle is returned to the lessor.

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  7. What is the difference between a loan and a lease?

    The correct financing option largely depends on three factors: what you want to drive,how much you plan to drive it, and how long you want to keep it. It might be preferable to lease rather than obtain a loan if:
    • You want the better vehicle for your monthly payment.
    • You drive less than 24,000 Km per year.
    • You prefer to trade in your car every four years or less.
    • Owning a car is outright not important to you.

    If these considerations do not apply to you, it might be better for you to get a loan if:
    • You want your monthly payment to apply to ownership.
    • You plan to enjoy your vehicle for a long time.
    • You want to customize your vehicle.
    • You want the maximum flexibility regarding the number of Km you drive.
    • You want control of the length if time the vehicle is in your posession

    Typically, monthly payments on a lease are significantly lower than if you obtain a loan while borrowers enjoy a greater flexibility in terms if ownership.

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  8. How do I make my down payment?

    You can use a credit card, money order, certified cheque or bank draft, or cash.

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  9. Can I include taxes, registration, extended service contracts, credit insurance and accessories in the amount that I finance or lease?

    Yes. Taxes and registration can be included, and in addition, if you are interested in one of our products and would like to include its cost in your finance option, just ask one of our finance representatives to arrange that for you.

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  10. What is the advantage of a loan over a lease?

    The greatest advantage of financing over leasing is the freedom to do whatever you wish with the vehicle. With no restrictions on mileage or customization, you are totally free to add premium audio equipment, customized paint, accessorize the power-train, and fix ( or not fix ) any mechanical or body problems you may encounter.

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Feb 27, 2017 Budds’ Mazda does the Autoshow!

We stopped by the Canandian International Autoshow to check out the Mazda booth. The CX-5 made it’s Canadian premiere at the show. Check out the photos below in case you missed it.


The post Budds’ Mazda does the Autoshow! appeared first on Budds Mazda.


Jan 28, 2017 2017 Mazda MX 5: Price, Performance and Paint Colour Schemes

The 2017 model of Mazda’s popular MX-5 Miata is now available in Canada. Read our blog post to find out the difference between models, prices and colours. MSRP The luxurious lines of the 2017 Mazda MX 5 led some to believe that it might be prohibitively expensive due to its stunning new looks. However, Miata … Continue reading "2017 Mazda MX 5: Price, Performance and Paint Colour Schemes"

Jan 28, 2017 2017 Mazda MX 5: Price, Performance and Paint Colour Schemes

The 2017 model of Mazda’s popular MX-5 Miata is now available in Canada. Read our blog post to find out the difference between models, prices and colours. MSRP The luxurious lines of the 2017 Mazda MX 5 led some to believe that it might be prohibitively expensive due to its stunning new looks. However, Miata … Continue reading "2017 Mazda MX 5: Price, Performance and Paint Colour Schemes"


The post 2017 Mazda MX 5: Price, Performance and Paint Colour Schemes appeared first on Budds Mazda.


Dec 1, 2016 The Mazda6 – It’s All About Fun

The Mazda6 is serious when it promises a fun experience. Are you ready to have some fun? The car you drive says a lot about who you are. It isn’t just about the convenience of being able to get from point A to point B quickly, easily, and safely. Your car is an extension of … Continue reading "The Mazda6 – It’s All About Fun"

Dec 1, 2016 Mazda CX-5 With SKYACTIV Technology

The Mazda CX-5 family of vehicles, including the GX, GS, and GT, are not your average SUVs. Whether you need a larger vehicle due to the size of your family, or simply need the additional room for yourself, the Mazda CX-5 series has you covered!   If you are looking for an SUV that will … Continue reading "Mazda CX-5 With SKYACTIV Technology"

Dec 1, 2016 The Mazda6 – It’s All About Fun

The Mazda6 is serious when it promises a fun experience. Are you ready to have some fun? The car you drive says a lot about who you are. It isn’t just about the convenience of being able to get from point A to point B quickly, easily, and safely. Your car is an extension of … Continue reading "The Mazda6 – It’s All About Fun"


The post The Mazda6 – It’s All About Fun appeared first on Budds Mazda.


Dec 1, 2016 Mazda CX-5 With SKYACTIV Technology

The Mazda CX-5 family of vehicles, including the GX, GS, and GT, are not your average SUVs. Whether you need a larger vehicle due to the size of your family, or simply need the additional room for yourself, the Mazda CX-5 series has you covered!   If you are looking for an SUV that will … Continue reading "Mazda CX-5 With SKYACTIV Technology"


The post Mazda CX-5 With SKYACTIV Technology appeared first on Budds Mazda.


Nov 14, 2016 Mazda6 Buyers Quiz

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Nov 14, 2016 Mazda6 Buyers Quiz

Save


The post Mazda6 Buyers Quiz appeared first on Budds Mazda.


Oct 21, 2016 Emergency Car Kit must haves!

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Oct 21, 2016 Emergency Car Kit must haves!

Save


The post Emergency Car Kit must haves! appeared first on Budds Mazda.


Oct 3, 2016 Another CX-5 off to a new home!

This white CX-5 went home with Morgan and Grace this past weekend! We hope you had a great experience with Sean and thanks for choosing Budds’!

Oct 3, 2016 Another CX-5 off to a new home!

This white CX-5 went home with Morgan and Grace this past weekend! We hope you had a great experience with Sean and thanks for choosing Budds’!


The post Another CX-5 off to a new home! appeared first on Budds Mazda.


Sep 23, 2016 New 2016 Mazda3 out the door!

Jim M came in with his daughter Christina to pick up a new Mazda3! Tried two or three before she settled on this white 2016. They even came back with her grandfather so he could come for a test drive too! Sean G went all the way out to the Six Nations reserve to deliver … Continue reading "New 2016 Mazda3 out the door!"

Sep 23, 2016 New 2016 Mazda3 out the door!

Jim M came in with his daughter Christina to pick up a new Mazda3! Tried two or three before she settled on this white 2016. They even came back with her grandfather so he could come for a test drive too! Sean G went all the way out to the Six Nations reserve to deliver … Continue reading "New 2016 Mazda3 out the door!"


The post New 2016 Mazda3 out the door! appeared first on Budds Mazda.


Aug 2, 2016 Mazda’s Capture Summer Contest on now!

Early summer mornings.

Aug 2, 2016 Mazda’s Capture Summer Contest on now!

Early summer mornings.

Jul 8, 2016 Keep you and your pets cool!

It’s 33 degrees in the Oakville area right now, and feels even hotter! Just a reminder to never leave pets or children alone in the car! With weather this hot, it’s always great to bring along a water bottle or two as well to keep cool.