Understand Mazda's terminology.


Annual interest rate

The annual interest rate, sometimes called the standard annual interest rate or base rate, is the percentage value charged to you as the cost of the loan.


Balloon payment

A balloon payment is a lump sum amount owed at the end of a loan term/contract, after all regular monthly repayments have been made. For example, you may decide to borrow $30,000 but only pay $20,000 over a four year loan term and have one final payment of $10,000. This means you only repay part of the principal of your loan over the term, reducing your monthly repayments in exchange for owing the lender a lump sum at the end of the loan term. A balloon payment is subject to approval.


Credit Score

A credit score enables financial institutions to get a sense of your credit history and the better your credit score the better your credit history. A credit score is dynamic, it constantly changes based on your financial behaviour.

To find out more about how to maintain a healthy credit score, please visit

Finance Contract

A contract is an agreement between two parties creating a legal obligation for both of them to perform specific acts.

Comparison Rate

Is a rate which takes into account the indicative interest rate advertised as well as fees and charges, such as monthly account keeping fees and dealer origination fee, over the term of the loan and reduces this cost to a single percentage figure. The Comparison Rate allows for comparison of loans from different lenders as it indicates the true cost of the loan.

Credit report/reporting

Mazda Finance participates in Comprehensive Credit Reporting. This means that in addition to default information, Mazda Finance may provide up to 24 months of repayment history information to credit reporting bodies. Repayment history information shows if you have made your repayments on time, late or missed a payment. If you are late in making a payment or miss a payment it may be recorded on your credit report, which may affect your credit score. Payment default information and repayment history information will remain on your Consumer Credit Report for 5 years and 2 years respectively.



A deposit on a loan, such as a car loan, is the initial amount of money you put down towards the overall price of the car. The deposit is deducted from the overall finance amount. You can use cash or consider a trade in as part of a deposit.


Fixed interest rate

A fixed interest rate is an unchanging rate charged on a liability, such as a loan. It might apply during the entire term of the loan or for just part of the term, but it remains the same throughout a set period.



A guarantor is a person who guarantees to pay a borrower's debt in the event the borrower defaults on a loan obligation.


Household Expenses

These are expenses for you to live including childcare, clothing allowance, food allowance, entertainment, any school fees or activities plus all bills such as phone, water and electricity.


Loan Application

To apply for a Mazda Finance loan you need to complete a loan application with accurate and current information about yourself and any other borrower that will be a party to the loan. You may be required to provide documentation to verify the information you have provided in your application. This includes two forms of ID. One of course needs to be your driver’s licence, and the other can be your Medicare card, credit card or debit card.

You may also need documentation to confirm where you live, as well as property ownership or rental payments if applicable. This can include a rates notice if you own your home or a tenancy agreement if you are renting.

Loan Term

A loan term is the agreed fixed duration that the finance contract will run for and the duration in which the loan balance must be repaid. The parties are obligated to adhere to the terms and conditions within the contract until the expiration, or end date of the contract.


Monthly Repayments

A payment is the act of paying back a portion of money borrowed from a lender on a monthly basis. The repayment will be made up of principle repayment, interest charges and fees.

Mazda Tailored Rate

A Mazda Tailored Rate is an interest rate that’s calculated based on your credit score and many other relevant factors determined by us, including marital status, property ownership and type of loan.

Mazda Repayment Calculator

Our repayment calculator allows you to review your indicative interest rate and weekly or monthly repayments on your chosen Mazda vehicle. For a Mazda Tailored Rate please visit your Mazda Finance dealership.


Payment frequency

Payment frequency is how regularly you have to make repayments on your loan. The most common repayment frequency is monthly, but there’s also the option of making fortnightly or weekly repayments too.

Payout quote

You can request a payout quote at any time through Mazda Finance Online or by calling 138 500. It is a quote of the final payment required for you to exit your Finance contract early.


Recommended Delivered Price (RDP)

The Recommended Delivered Price (RDP) is the price based on a private buyer location and includes 12 months registration, 12 months compulsory third party insurance, stamp duty, other applicable statutory charges, dealer delivery and administration charges. Final pricing may vary according to your personal circumstances.


Statement of account

A statement of account gives you details of all your payments that have been made on your vehicle loan over a period of time. You can download a statement of account anytime through our customer portal,


Vehicle loan

A vehicle loan is a sum of money a consumer borrows in order to purchase or finance a vehicle which is secured by the vehicle as collateral.