Mazda will go live with its own captive finance arm on April 1, called Mazda Finance, replacing Chase Bank as its preferred lending source.
The move comes as the franchise is on a roll with brisk sales of its newest products and a surge in used-car volume.
"We expect to have the full benefit of a captive finance company and all the things that go with that," Jeff Guyton, president of Mazda North American Operations, told Automotive News after the make meeting where he briefed dealers on the new arrangement.
"Chase has been a good partner to us," Guyton said. "But what we want now is our own team of people who are committed to helping us sell our cars, not just selling paper."
Though Mazda will run the business, Mazda Finance is being created by Toyota Motor Corp., which in 2017 acquired a 5 percent ownership stake in Mazda Motor Corp. Since then, Mazda and Toyota have begin partnering on various fronts, including the construction of a $1.6 billion joint-venture auto assembly plant in Huntsville, Ala.