How can I pay toward Principal Reduction?
You may pay more than the total amount due. Funds received in excess of the total amount due will reduce your principal balance and also be applied to future payment(s). Your next billing statement may show that your account is paid ahead.
If you want to make a payment that reduces your principal balance only and is not applied towards future payment(s) amount, you may do so by:
- Mail: Include your account number and “Principal Only” on the memo line of the check and mail to:
Mazda Financial Services
P.O. Box 330
Williamsville, NY 14231
- Call: Speak to a Team Member at 866-693-2332.
Please continue to make your normal monthly payments through Pay Online or your preferred payment method. Daily interest will continue to accrue on your unpaid balance.
Note: Principal-only payments will reduce your unpaid principal balance only and will not be applied toward past-due amounts or payments that are currently due or will become due in the future. You remain responsible for making timely payments as they become due. You can make a principal-only payment via any of our automated systems every 24 hours. Additional principal-only payments may be made with an agent.
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