Mazda's New Toyota-Backed Finance Company Offers Payment Relief During Virus Pandemic
Mazda has two announcements and they are related. First up, Mazda has formed a new financial services company called Mazda Financial Services (MFS) and partnered with Toyota Motor Credit Corporation (TMCC). Secondly, this new entity will offer shoppers some help during the virus epidemic.
“The past few weeks have been unprecedented and disruptive. For many, Mazda vehicles play critical roles in the well-being and safety of their loved ones,” said Jeff Guyton, president of MNAO. “We’re pleased to announce the launch MFS today and the new range of products MFS will provide to meet the immediate needs of our customers today and in the future.”
“We’re honored MNAO selected us as their financial partner of choice,” said Mark Templin, CEO and president, TMCC. “This marks a historic milestone for our business, as we expand our portfolio to offer our best-in-class products and services to Mazda. And we’re committed to upholding Mazda’s high standards for customer and dealer support.”
Here are the special services that MFS will offer to customers and to Mazda Dealers:
- MFS will offer a payment deferral program for up to 90 days on new and Certified Used Mazda Vehicles to eligible customers who finance a new or Certified Used Mazda vehicle on or after April 1, 2020, through April 30, 2020.
- In addition, MFS will assist dealers by temporarily reducing rates on all floorplan lines and the interest on those lines, as well as providing a principal payment deferral option for real estate and working capital loans.
Contact your local Mazda dealer for more details and qualifications.