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Prices Paid: Buying & Leasing Experiences Mazda3 Prices Paid and Buying Experience
4314 messages, Last post on Nov 04, 2009 at 10:09 PM
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Replying to: regattagirl (Apr 13, 2007 7:04 am)
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Replying to: calvinc (Apr 13, 2007 7:11 am) Options- Bose audio and moonroof package, moonroof wind deflector, rear bumper step plate, cargo net, all weather cargo tray, all weather floor mats. paid $21,076 + 8.65% sales tax in NY, plates, reg, title, NY tire waste fee, silly $55 dealer fee for processing= OTD final price of $23,071.31
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When I bought mine about 60 days ago I also took advantage of the 36 month 1.9% rate, but in addition my dealer offered a bi-weekly payment plan through a third party (called Biweekly Management) which I also took. I wanted to have payments come right out of my checking account and this enabled me to do that. They debit one half of the regular monthly payment every two weeks and pay Mazda Credit for you, and you end up getting the loan paid off a couple of months early. According to the dealer this effectively netted the finance charges down to zero, but for me it more a matter of convenience than anything else.
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Replying to: JBaumgart (Apr 13, 2007 7:28 am) 
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Replying to: calvinc (Apr 13, 2007 7:09 am) Not bad of a deal!!! Enjoy!!! |
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Replying to: regattagirl (Apr 13, 2007 7:19 am) Mazda3 S Grand Touring, 4 door Sedan, Galaxy Grey Mica, 5-speed sport auto transmission. Options: Bose audio 6 CD changer, Moonroof, All weather floor mats, Auto-dimmer mirror with Homelink, Front full mask, Cargo mat, Wheel locks, CAI (Cool Air Intake) unit, Tint all the way around, rear lid spoiler, Fuel satin door. OTD: Final price with all the above $25,000 |
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would have to offer me 0% financing to make up for the reduced and lame-duck warranty they are offering. I don't trust Mazda enough to let them get away with slashing the warranty by 25%. Mazda should go broke for that decision!
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Replying to: andres3 (Apr 13, 2007 9:58 am) 
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Replying to: stallionre (Apr 13, 2007 6:27 am) I could not let this one pass - buying and selling "over 15 cars" is proof of nothing, other than you change you mind a lot  We have no way of knowing if you get good deal or bad deals - just that you do a lot of deals. Volume does not equal expertise - it is just volume. No offense, but that is how it is. Everyone should take everything you read here with a grain of salt (even what I type  ) and check for themselves - as we don't know each other and can't be sure what the REAL expertise is of the person doing the typing. As to the question asked - the 1.9% rate is nice rate and is certainly cheaper than you can get at any bank or credit union. The drawback (as there usually is) is the very limited term - 36 months in this case. It is a come on to get you onto the lot as they KNOW 99% of the folks can't afford to buy a new car on a 36 month term no matter how low the interest rate is. How many Mazda3 shoppers could afford $486 a month for a $17k car? Not many, but by the time they figure this out they are in the F&I office. They will do 3.9% for 48 months (drops the payment to $383 for $17k) but if that will not do then you have to go with a normal bank or high MAC rate on a 60 month rate ($331 for $17k at 6.39% from CapitalOne). In many cases the cheap financing means you can't get rebate money. In almost every money VS low rate deal, you take the money since it nets a better deal - but you always have to run the numbers to be sure. Mazda has a habit or offering a cash rebate only IF you finance with them - at a higher than your bank rate. So you have to check to see which nets you the best deal - or do what a lot of folks do: sign the Mazda stuff and as soon as the loan funds pay MAC off with a loan from your bank/credit union. You then get the cash rebate AND a decent rate. The dealer and MAC may not be happy, but that is not YOUR gauge of a good car purchase - is it? IN THIS CASE there is no rebate money so you can take the 36 and 48 month rates - if you qualify and if you can afford the payments. If you can't, then you need to get pre-approved at your bank/credit union/CapitalOne for a longer term then see if the dealer can give you a better rate in the F&I office. If not, then use your financing. If you want to do the cheap finance deal, you can get pre-approved my Mazda online at that link, but I don't think you will know WHAT rate you qualify for - just that they have approved you for an amount. You may be able to call MAC after you get approved to pin them down on the rate - all before you go to the dealership. I did this when I leased my RX-8 and it greatly sped up the F&I process, but this may vary from dealership to dealership. There should be no additional loan set up fees or anything with the MAC financing promo - just run the numbers and plug them into any loan calc program and the numbers should match what your dealer cranks out. Dennis
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Replying to: dwynne (Apr 13, 2007 12:23 pm) I have not only made a lot of deals, and never changing my mind like you say. I always keep 4 cars and have them rotating all the time. What I do is buy a car, fix it up, add mods and sell the car for more money that it is worth. Now you ask? is that dumb or what? of course not. It is like my own business. For example, I make good money on buying used cars and decking them out and selling them for $5K more than my cost. For example, I bought a 1999 Acura, for $750.00, that is right $750.00, I fixed it up adding an engine, and trans and sold it last week for $10K. I made $6K on the deal. I then put down $15K on my new '07 M3S GT. I wheel and deal. I know you have to take this like a grin of salt, go for it. I do when I read any forum. That is human nature.  Anyway, on your write up. Yes you need good credit to even get a good loan. My FICO score is 850.
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