What to Do If You Miss a MAZDA Lease Payment

April 19th, 2024 by

Missed Payment? Talk To Your Mazda Dealer.

Keeping up with your MAZDA lease payments is essential, but what happens when you miss a payment or can’t afford your lease anymore? Depending on your situation, there are a few ways to keep your vehicle lease without too many penalties. Learn what to do if you miss a Mazda lease payment at North Penn Mazda.

Contact Your Dealership

If you know you won’t be able to make a payment ahead of time, contact us immediately. We can help you with a deferred payment plan or give you more time to make your monthly payment. In all cases, it’s better to contact us beforehand so we can help you find a course of action.

Make Up the Payment Quickly

Missing a payment date isn’t advised, but if you have to do so, it helps to make up that payment as soon as possible. It’s much better to pay a little more on one month’s payment and turn it in late than delay it by an entire month. You’ll have to pay additional fees and penalties for a late payment; these terms will be outlined in your lease.

Modifying Your Lease

Missing multiple payments or leaving a payment undone causes your lease to be prematurely terminated, meaning you’ll give up your car. If you can’t make the regular monthly payments, you should talk to your leaser about modified payment plans. This can potentially help you secure more financially stable terms.

Explore MAZDA Lease Options in Colmar, PA

Contact our dealership immediately if you’re about to miss a Mazda lease payment or need other payment options. Visit North Penn Mazda to discuss your lease with our financing team.

Posted in Finance