Current Mazda 6 Speed Offer

[possibly6Speed]

I have a question on the current offer which is basically $1,000 cash if you finance with Mazda at market rates. What happens if I do this and roll over to a new loan the first chance I get?

Are there any penalties?

Thanks!

 

[StreetUnitMike]

nope, shouldn't be any penalties, if you get the ms6, be sure to check out our site for new parts coming out for it

 

[gregy]

I did this also and paid it off, but you can also refinance through another bank at a lower rate. They will charge you standard rates to be eligable for the 1000 cash back. I dont see a way around paying at least one month worth of interest. I have read where people get 5.9% from MAC but when I financed, the dealer had 8.5% for tier one credit which was above a 720 FICO.

 

[possibly6Speed]

Thanks for the replies.

I have a credit offer from my credit union for 5.84% for up to 6-years which runs through 10/31, I think, which I'll transfer the loan to if they are too high. I've also discovered that my credit score is 802* so I'll see what MAC does with that. If there's a low rate I reckon that score should get it.

*I got that score by racking up $30K in credit card debt. I paid off half at 19% interest then once I got the total down I started doing the 0% interest transfers. There are likely better ways to get a good credit score than my path but lets hope it pays off now.