1st Time Owners Program

1ST - TIME MAZDA OWNERS PROGRAM

Mazda Canada Inc., in partnership with the Bank of Nova Scotia, is pleased to announce the launch of the First Time Owners Program.

This program applies to new Mazda2, Mazda3, Mazda5, Mazda6 and CX-5 vehicles, allowing First Time Owners (those customers with no prior automotive finance history) the ability to finance their new Mazda through Scotiabank. Mazda2 customers will continue to benefit by receiving an additional $500 discount from their purchase (exclusive for Mazda2 customers). This program can even be used in combination with all other incentive programs (excluding the Graduate Rebate Program).

First Time Owners Program guidelines are as follows:

    • No prior auto finance or lease experience
    • New MAZDA2 & MAZDA3 vehicles only
    • Payment maximum is $500/month
    • TDSR less than or equal to 35%
    • No derogatory credit (no delinquencies, no charge-offs or judgments, D&E-rated borrowers are not eligible)
    • D&E-rated borrowers are not eligible
    • Minimum full-time employment period of 6 months
    • Proof of income is required and may be verified prior to lender providing dealer with an approval
    • Minimum down payment of $1,000 (plus any Mazda First Time Owners rebate for retail financing)
    • Term maximums are 72 months for retail loans
    • Maximum 125% Loan to Value

*Please note that all conditions must be met to qualify.