Last post on Dec 14, 2011 at 12:46 PM
You are in the Mazda MPV
What is this discussion about?
Mazda MPV, Van
#2809 of 8223 Mazda MPV 2002 ES recall....
Mar 29, 2002 (7:30 am)
I don't know if you are aware that you can go to www.mymazda.com and create a profile for your Mazda. There is some useful information about your car.
So I did and I setup an account for my Mazda to learn that there is a recall under my car's VIN number. Because it didn't explain very well what the recall is all about I have sent them an email. Below is their response. If this is the biggest problem that I will have ever with my Mazda then I am in a good shape LOL
Thank you for contacting Mazda North American Operations. I appreciate
the opportunity to respond to you.
You are requesting current campaign information regarding your 2002
Mazda MPV, Vehicle Identification Number JM3LW28J42030XXXX.
Our records indicate that your vehicle is affected by Mazda Recall
Campaign 0602D, MVSS Label. Mazda North American Operations has
determined that 2002 MPV vehicles produced through November 20, 2001
fail to comply with the labeling requirements of the Federal Vehicle
The MVSS label located on the B-pillar and in the Owner's Manual Towing
and Specification sections does not accurately state the maximum Gross
Vehicle Weight Rating (GVWR) and Gross Axle Weight Rating (GAWR).
Mazda will be expediting MVSS and Owner's Manual labels to owners to
correct all subject vehicles. The owner notification letters will start
going out in early April.
Again, thank you for contacting Mazda. It has been my pleasure to
assist you. If for any reason this response has not completely
satisfied you, please feel free to reply to this message. You may also
contact our Customer Assistance Center toll-free at 1-800-222-5500.
Specialist, Customer Assistance E-Business
Mar 29, 2002 (7:35 am)
you'll be getting a couple of labels to replace the ones on your B-pillar and in a section in your manual.
when you do get the new label, it would be interesting to note the differences. Probably just the weight ratings changed (lower maybe?), as it mentioned above.
#2811 of 8223 oldstyle - re:financing a vehicle with your home
Mar 29, 2002 (7:58 am)
Are you talking about a traditional 2nd mortgage or a HELOC? Keep in mind that closing costs associated with a 2nd mortgage will be similar to a primary mortgage, except for taxes and escrow. Shop around well for the lowest costs and least amount of *fluff* fees. The HELOC, on the other hand, is a variable rate loan, usually based on the prime rate. I am in the process of getting one of these now - no closing costs, sub 5% rate, various payment options, no pay-off restriction, tax-deductible. The 2nd mortgage option would probably be better for a vehicle purchase since it's fixed-rate. Another option would be to totally refinance your current home loan. If your current rate is 3/4 to 1 point higher than today's rate, and you have sufficient equity to go an extra $25K or so, you could take the excess cash out and purchase the vehicle outright. We did this last year and were able to take $30K out for home improvements. We reduced our rate by 7/8%, dropped the PMI, and ended up with the exact same monthly payment as before.
However, I think that any type of home loan for a vehicle purchase is not a good idea. Sure, itís tax-deductible and could yield a lower overall rate, but there are ugly strings attached. If you were not able to pay the 2nd loan, you would be responsible for the entire loan balance. We all know how much a car depreciates. Also, the car wouldnít just simply be repossessed and your problems go away with it. In reality, the problems are just beginning. The lender will call the lien and possibly take away your home too. IMHO, itís not worth the risk. Home loans should be used to add equity and appreciation to your home in the form of improvements. If you decide to go with a home equity loan, make absolutely sure youíre dealing with a known, reputable lender. There are unscrupulous folks out there would love nothing more than to have your home.
Just my .02
#2812 of 8223 Bumper cars
Mar 29, 2002 (9:09 am)
Did you see the Kia Sedona 5mph tests? The rear damage went over $1000. The front impact test at 5mph deployed the air bags which cracked the dash and cracked the windshield. From the pictures it looked like the airbag door flipped up and did the windshield damage. The total ran over $1400 as I recall.
The people on the Sedona post are probably quite upset to say the least. The last post I read is that Kia can adjust (computer?) something to come more in line with deploying the front bags at a more reasonable impact speed. Kia seemed to respond to the owners well.
I'm not exactly a Kia fan but wish them luck anyway.
Mar 29, 2002 (9:40 am)
subie, i should be getting the metallic sand color. they are looking for one now. wife made color choice. i'm ok with sand but i leaned more towards silver, black, or blue. she disliked the shade of gray leather (too light) which eliminated, of course, several exterior colors. of those w/beige interior, in her words, white = "breadbox", black = "weird black, looks like it has some green in it". didnt like the others.
i am getting 4 seasons based on your advice & others. i'm in NE. also getting....moon, luggage rack, fog, spoiler, & bumper plate. unfortunately, i'm also getting 6 disc. all ES's with (i think) roof have them. district co guy confirmed. i've experienced this w/other makes.
#2815 of 8223 Vehicle Financing
Mar 29, 2002 (10:59 am)
I'm sure there is room for disagreement here, but it seems like the risk is pretty small. One thing, if you buy a vehicle with a home equity line of credit, then guess what, you get to keep the title. I don't care how much it depreciates, you can always sell it and have that cash on hand to make payments until a job comes along, or whatever. (Of course, this doesn't work if it is your only vehicle.) If it got really bad, you could sell your house...if it had enough equity to get a loan from it, then chances are you will be OK. Worst case, you never find a new job, etc, or your wife can't work, then losing your house will be the least of your worries, eating will probably top that list!!
IMHO...if you can do it, a home equity line of credit is a good way to go. Unless disaster strikes immediately, there is really no down side. Of course, if you can get 0%-3.9% financing from the dealer, go for it. In the long run, it is how much money you can save. No matter what financing you go with saving money is the objective. No reason to pay more to a dealer finance group just because to don't want to risk losing your house. There are a dozen steps you can take before the risk of that happening. Just my humble opinion. Use whichever financing saves you money!!
#2816 of 8223 I believe a 2nd.........
Mar 29, 2002 (3:24 pm)
Mortgage is a good way to go when purchasing a car. When I finished my basement, I took out a 2nd Mortgage, no fees incurred or appraisals with my current mortgage company, since I had 50% equity in my home. Most owners, not all, should have enough equity to cover the 2nd Mortgage and not default on their loan.
Owning a NEW car(MPV) is a luxury, paying the mortgage(roof over your head),heat, electric and food are necessities. No one forces people to buy a new car and dig themselves deeper in debt. In fact, buying a new car was the last item added to our budget and would be the first to go if I couldn't make the payments. I believe maxing my 401K, college savings for the 2 rugrats, Life ins for me and the Mrs. come long before a car payment.
Didn't mean to ramble, JMO. Or just do what I did.......buy a Protege for 0% for 48.
#2818 of 8223 I'm not trying to be an alarmist ....
Mar 29, 2002 (5:41 pm)
... maybe I've been watching too many primetime news journals! Home equity loans can serve a useful purpose like home improvement, debt consolidation, college tuition, and yes, I suppose even purchasing a vehicle. From a strictly money saving viewpoint, it could make financial sense to flex the muscle of your equity to obtain a better rate. However, as others have mentioned above, rates as low as 5.9% for 72 months are available. My CU offers the same rate. I follow the rates regularly and I don't think you can find a 2nd mortgage under 5.9%. HELOCs are somewhere in the mid to upper 4% range, but since they are variable, they will go up. IMO, rates will start climbing from this point onward. Anyway, I just think that a lot of people jump into one of these loans too easily without thinking about the ramifications. I agree that I may have been a little gloomy about getting your home taken away, but the fact remains that it happens all the time. I guess it's a very personal decision ...