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Prices Paid: Buying & Leasing Experiences Mazda3 Prices Paid and Buying Experience
4324 messages, Last post on Nov 30, 2009 at 9:33 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: ylz (Jan 20, 2009 6:40 pm) Let's assume an OTD price of $19,500 and the 0% financing for 36 months: 0% down - $541.67/mo 5K down - $402.78/mo A difference of approx $139/mo. If you took that $5000 and put it in an account making 1.5% and withdrew the extra $139/mo for the higher payment, you would have roughly $120 left over at the end of the loan. Certainly not much over 3 years, but it shows that there really is no sense putting anything down if you can hold to a budget and NOT touch that account except for the car payment.
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Replying to: salem66 (Jan 22, 2009 7:13 am) You'll have to pay taxes on the 1.5% you are earning... That will knock the return down to around 1%.. |
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Color: Black Mica/Black Optional Equipment: Rear Bumper Guard, Wheel Locks and Carpet Floor Mats MSRP: 19,095 Offer: 17.5k + TTL This is in southern california, is this a fair price? I was hoping for 18k OTD with 0 down 0% 36 months = 500 a month payment. Or is my demand unreasonable?
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Replying to: kle1 (Jan 22, 2009 2:40 pm) You don't give a tax rate, so I'll assume mine (6.75). I just bought a 5-spd Touring HB and, if we compare what we each "saved" off our respective MSRPs, I saved about $997 more than you - again, I had to estimate a few things (title work, etc), but it shouldn't be that far off. That's right in line with expected additional $1000 in rebates when you refuse their financing. So, if I got a good deal ( I am pleased with it), then your sport at 18K OTD with Mazda financing is good deal and your demand is not out of line. In order to really figure it out, you'd have to give your tax rate .. and the invoice wouldn't hurt. |
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Replying to: salem66 (Jan 22, 2009 7:13 am) This goes double if you have poor/mediocre credit and they are still offering 0%. good luck --jjf Regarding putting 0% down. I am by no means a financial expert, but look at this: Let's assume an OTD price of $19,500 and the 0% financing for 36 months: 0% down - $541.67/mo 5K down - $402.78/mo A difference of approx $139/mo. If you took that $5000 and put it in an account making 1.5% and withdrew the extra $139/mo for the higher payment, you would have roughly $120 left over at the end of the loan. Certainly not much over 3 years, but it shows that there really is no sense putting anything down if you can hold to a budget and NOT touch that account except for the car payment. |
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Replying to: kle1 (Jan 22, 2009 2:40 pm) |
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Ok so I went to one of the mazda dealerships today I have been dealing with. I was looking for a 2009 Grand Touring HB in Metro Grey and they had one there. The guy showed me that invoice on that car was $22,740. Options include: carpet floor mats, compass auto mirror, rear bumper guard, moonroof/bose package, and some other small things. He was willing to give me $5500 for my 2001 Honda CRV (trade in) and I would have to finance $17240. Now the deal is 0% financing for 3 years which (after tax) came to $508 a month for 3 years. Is this a good deal or am I being robbed here? Any input would help. Thanks.
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Replying to: ylz (Jan 23, 2009 4:44 pm)
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Replying to: gamberj (Jan 24, 2009 3:15 pm)
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I just bought and picked up (1/24/09) a 2009 Mazda3 Grand Touring Hatchback. Love the car, and the ride. Also feel like I got good deal ($21,500, with moonroof/CD Bose package). However, as I am driving it home , the tire sensor light went on, and it was checked by the dealer. (Returned twice in the same day.) They said that temperature changes may have something to do with it. The light goes on and off, without any rhyme or reason. I've checked the tires' pressure and all 4 are at spec level. Returning the car for service first thing tomorrow. Has anyone experienced this? Thank you. 
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