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Prices Paid: Buying & Leasing Experiences Mazda6 Prices Paid and Buying Experience
2088 messages, Last post on Nov 28, 2009 at 7:36 AM
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Replying to: lemonsquares (Feb 14, 2009 12:50 pm) The 24000 Impala is barely worth 11000 used. The $20000 Sonata (said class competitive with Honda) is barely 12000 after a year. The 20000 09 Mazda5 barely worth 13000 after 12 months. 22000 Saturn Aura about 12000 virtually the same car as the malibu. The malibu maybe the same (not many 08s made) Perhaps the 22000 mazda6 will outperform at 13000-14000. (the m3 is best in this respect) In any event, don't break a leg for a 19000 deal, as the sales figs for the 6 were the most disappointing of their lineup. The economy is in the tank. A 09 Honda Accord or Toyota Camry may be worth around the 19k. Good luck --jjf |
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I just accepted (still time to back out) an offer on a 6 iTouring with conv pack. MSRP 25475 got the offer down to 20556.17 including TTL. What do you think? Sound like a decent deal? This will be my first 6.. drove really well, good accel, handling, was very impressed overall with the ride. Oh ..does anyone know where I can get or what is needed for the Sirius ready head unit so that I can get The satellite radio going on the car? |
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Replying to: krazyken0 (Feb 14, 2009 10:09 pm)
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Replying to: bootlucky (Feb 15, 2009 7:48 am) |
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Replying to: bootlucky (Feb 15, 2009 7:48 am) Actual selling price of car is 20226. I'm trading in a 2004 Accord so with the trade there is a decent break in the sales tax which is 6% in PA. Right now they have 1500 customer cash back and I also got a 500 preferred customer discount (dealer said they got about 6 of these cards from Mazda and I was given one). Salesman said most dealers get a few of these cards Mazda. Maybe with this info you can get your dealer to give you one. So After trade and then adding tax is why Price is where it's at. Seems from what I'm reading that its not too bad a deal.
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Replying to: krazyken0 (Feb 15, 2009 9:09 pm) Just out of curiosity, what are they giving you for your trade? also what trim, major options and miles? This can be a big difference in the deal. |
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Replying to: jfritsch (Feb 14, 2009 8:50 pm) I would really like to see how you can figure what an 09 Mazda6 would be worth used right now. Please do not site KBB, since their values are worth nothing. First, you cannot compare the 08 Mazda6 to the 09. Totally different cars and the 08 was considered a "bargain buy". The new Mazda6 offer so much more in every was over the previous model. Second, you cannot talk about the Mazda6 sales being that bad because Mazda was never, and will never be on the sales charts like the Accord and Camry. The Mazda6's YOY sales numbers are not much worse the both Camry and Accords YOY sales. Mazda6 was down 8.5% for 2008 and the Accord was down 5.3%. 3.2% is not that big. Also, since I highly doubt you are an economist, you are forgetting that the economy has driven down the values of every vehicle out there, including Honda and Toyota Lastly, why is this conversation even taking place is you are not going to sell this car within a year? No one is stupid enough to do that.
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Replying to: aviboy97 (Feb 16, 2009 9:41 am) Jfritsch has been repeatedly put in his place and yet he continues to cite these ridiculous one year later values. It is pretty common knowledge that ANY car is going to be worth a heck of a lot less used than it is new. Quoting some kind of wholesale price bible isn't going to help anyone. Just because a car is allegedly worth $12,000 after one year doesn't mean it is even remotely possible to buy it brand new for XXXXX amount. The numbers have precisely nothing to do with each other. |
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Replying to: jfritsch (Feb 14, 2009 7:13 am) You can't buy a car for less than the dealer bought it for. If you could there would be no car dealers. They need to make money to pay their staff and pay the rent, utilities, etc. It's not realistic to try to draw conclusions about what someone should pay for a new car based on a 1 year old DIFFERENT model's TRADE-IN value. It makes no sense. As the other poster said, "WHO TRADES IN A CAR AFTER ONE YEAR ANYWAY?" |
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Replying to: aviboy97 (Feb 16, 2009 9:41 am) There was, (and is) a world wide oversupply of manufacturing capacity for autos. Since most people don't know how to buy cars, and need a target, a useful one is about 15-25% over the trade in value of the previous year (12+ months), depending on time of year. This formula would be useful for about 95% of production autos. The closer you can get within the target the better, Usually hitting 10-20 dealers last week of the month via email. We would like to be well within this target (or better) with the economy as it is and the financial position of the B3 . The M3 has been among the best in this regard for years, people easily getting the vehicle new for about 20% more than a used one, with little effort. 20+ years ago the average difference between published "invoice" and "msrp" prices was around 15%.Now, its a bit over 6. If you think the profit margin on cars has shrunk by more than half over the years you are silly. The published invoice figures representing "cost" on autos has been a nominal figure for almost 2 decades mitigated by advertised and unadvertised dealer incentives, and expected rebates. Assuming you know dealer "cost" from published "invoice" figures and subtracting "holdback" etc is many times not useful. This is especially true when dealers are given additional unadvertised incentives to dump stock in a particular model or region. Sedans are sedans, one way or another, the 1st year depreciation gives one an idea of how unrealistic the msrp for a particular model is. Most cars depreciate about the same percentage after the 1st 12 months. Many people rarely buy cars, and may get excited about a huge $7000 off a 24000 msrp Chevrolet Impala. Paying 17000 for an asset worth about 10000 in 12 months is nothing to really jump at. You've eaten about $3000+ whether you sell the vehicle or not. Eating 7000 to drive a mediocre sedan the 1st 12 months isn't great whether you sell it or drive it 10 years. One needs at least 10k off this vehicle to make sense, for example. If not doable one should pick one of the better models, or really really want a new Impala. So- one shouldn't sprain his ankle getting to a dealer for a $7000 off msrp deal on an Impala, or a $3000 off deal on a M6. This is when the economy was good. Also, since I highly doubt you are an economist, you are forgetting that the economy has driven down the values of every vehicle out there, including Honda and Toyota I'm not an economist, I'm not that silly. You don't need to be an economist to know the economy has driven down prices (many trade in prices about 15%), thats why we want more offie the (increased?) 09 msrp-ie. Second, you cannot talk about the Mazda6 sales being that bad because Mazda was never, and will never be on the sales charts like the Accord and Camry. I would really like to see how you can figure what an 09 Mazda6 would be worth used right now Please do not site KBB, since their values are worth nothing. Certainly, thats why we compare trade in values to its competitors-- $10000 (Impala)-14000 (Altima), and the 08 used mazda6 around 12000, One makes a reasonable guess that the 09 will be worth 13000-14000 in 12 months (we'll give it the benefit of the doubt). No reason to think otherwise. Mazda's standing in the world hasn't changed much, and the Toyota and Honda probably still have higher trade in's. (I didn't look them up) I'm sure all the wholesalers I've seen at auctions for years with the different bibles in their pockets (some published for 90 years) would like to know that they are "worth nothing". You owe it to them to share this knowledge. Good luck --jjf |
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