CashPlan

The benefits

• You can keep your cash in your savings account, earning interest.
• No regular instalments.
• The flexibility at the end of the agreement to choose to keep, return or exchange your Mazda.
• Maximise your purchasing power by delaying some of the cost of the car until the end of your agreement.
• Fewer major service and repair bills because you can change your car more often.
• You're protected against any fall in used car prices by a Guaranteed Minimum Future Value (GMFV).

How it works

1. Choose any new or used Mazda. Estimate your annual mileage.
2. We estimate the minimum amount your car will be worth once your contract finishes - the Guaranteed Minimum Future Value (GMFV).
3. You pay the difference between the price of your Mazda, minus the GMFV, plus any interest, as a one-off, up-front payment.
4. Drive away the moment we activate your agreement.
5. That's it until the contract ends.

At the end of your contract, you have three choices

• Choose another Mazda
  Use any excess value above the GMFV towards a deposit for another Mazda. You can trade in your car at any time or sell it privately having settled your account.
• Return your car
  There's nothing more to pay if the car's in good condition and within the agreed mileage.
• Keep the car
  Simply pay the GMFV, or, we can finance the GMFV if you wish.

Typical new car example:

Mazda3 1.6 5dr Takara
On The Road Price	£13,595.00
Customer Deposit	£6,759.00
Amount of Credit	£6,836.00
Total Charge for Credit	£0.00
Total Amount Payable by customer	£13,595.00
GMFV (optional final payment)	£6,836.00
Contract Term	12 months
Mileage per annum	12,000
Excess mileage charge	7.05 ppm
Typical 0% APR

 

Finance subject to status. Guarantees/Indemnities may be required. Mazda Credit CM13 3AR.