At Driva, we understand that everyone’s personal and financial situations are completely different. That’s why we offer a wide variety of flexible car loan options to suit all different lifestyles and budgets. All of our Mazda finance options are fixed-rate car loans, which means that the amount you pay each month will stay the same for the duration of your loan.

Secured car loans

Secured car loans are one of our most popular car finance options, and they involve using your new car as collateral against the loan. By doing this, you’re giving your lender the security that, in the event, you aren’t able to meet your repayment obligations, they can repossess the car and recover their funds. For this reason, secured car loans tend to be accompanied by lower interest rates. Secured loans are typically most suitable for new cars.

Unsecured car loans

Unlike secured loans, unsecured car loans won’t use your car, or any other asset, as collateral against the loan. Because you’re not giving your lender that same security, you’ll likely have to pay a higher interest rate. This type of loan is most suitable for older and used vehicles.

Personal loans

These work in a similar way to unsecured car loans, but because they’re not specifically a vehicle loan, you won’t have the same restrictions on where you can spend the money. For example, you might use some of the loan amount to pay for other car-related costs like insurance and registration.

Commercial car finance

Driva also can facilitate flexible car loan options for commercial vehicle loans. Three of the most popular finance options for business vehicles are chattel mortgages, finance leases and novated leases.

Driva works with a panel of more than 30 lenders to give you as many car finance options as possible. Our lenders offer loans ranging from $2,000 to $250,000 and interest rates as low as 3.35% (comparison rate 4.85%). Many of our lenders also have flexible payment options available to accommodate a range of personal and financial circumstances.

To start your Mazda finance journey, you’ll just need to follow a few simple online steps for us to match your profile with your best pre-qualified rates. This takes less than two minutes, and you don’t need to upload any documentation at all (plus it won’t have any impact on your credit score!).

You can also use our easy vehicle loan calculators to figure out how much you could borrow. One way you can increase your borrowing amount is by increasing the loan term (for example, from 3 years to 5 years).

If you're not sure how much you should spend on your new car, you can check out our complete guide here.

If you need a vehicle for a business purpose, Driva can help you finance it. Whether you're a contractor or self-employed, we can find the best finance option, and the best Mazda tailored rate, for you. Our most popular type of commercial loan is a chattel mortgage. This is a form of loan where the customer borrows money and uses it to purchase a vehicle, after which they make monthly payments. The company has possession of the car, but the lender has a 'mortgage' on it until the debt is paid off.

We work with a panel of over 30 lenders, from smaller lenders to traditional financial institutions, to offer you the best fixed rate car loans on a range of Mazda vehicles.

Learn More:‘Buying A Vehicle For Your Small Business - 3 Important Things To Consider.’

When assessing your Mazda finance options, it could be a good idea to consider getting a pre-approved loan. Car loan pre-approval is basically where a lender makes an in-principle agreement to lend you a set amount of money in order for you to buy a car.

The agreement is contingent on you obtaining an invoice from a dealership or private seller, as well as organising comprehensive insurance. The approval procedure typically takes between 24 hrs and 2 days, and once you've been pre-approved, you're free to shop!

One of the biggest advantages of pre-approval is that you'll be able to shop around with a budget in mind. This can help you with negotiating a competitive price for your new dream vehicle since you will have more confidence to bargain! Your approval period cannot exceed 90 days.