MAZDA Lease Tips: What to Do if You Miss a Payment

When you sign a Mazda lease here at Paretti Mazda of Covington, you agree to make payments on that lease for as long as the agreement lasts. If you miss a payment, you need to figure out what you will do to address it. Otherwise, you might have to deal with the repossession process and take a severe hit on your credit score.

Call the Leasing Company

Once you realize the payment is missed, you need to call up the lessor of your vehicle. This is something that you want to clear up right away if you want to avoid penalties and repossession of your car. If you are reasonable and ready to work things out with your lessor, you shouldn’t have a problem coming to an agreement and getting back on track with your lease payments, and you may even be able to waive any added penalties and fees if it’s your first infraction.

Make a Plan to Pay

Now, you should figure out how to pay your bill. If it was a simple error, and you can pay now, take care of it. If there were other issues, do your best to address them and get your payment in as soon as possible.

Set Up Automatic Payments

Finally, you need to make sure that you are ready to make your payments on time from now on. If you missed your payment because you forgot, now is an excellent time to set up an automatic payment method. Now your Mazda lease gets paid for whether you remember or not.

Find a New MAZDA Car or SUV to Lease

If you’re shopping around for a new vehicle to lease or have questions about your current agreement, visit our Mazda dealership in Covington, LA. We can answer your questions and help you stay on budget in either instance.