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Mazda MAZDA5, Van
Dec 18, 2006 (8:38 pm)
Hello - on Sunday night we drove the Mazda lot and decided we couldn't pass this one up.: a 2006 Sport, Carbon Gray, Auto, Moonroof, Popular Equipment, Fog Lights, Cargo Net, Floor Mats/All Weather Mats, Wheel Locks. It almost qualifies as a Touring...
The list was $20,525. The dealer took $3,300 off plus we got the $1,000 MAC rebate. (We have to make 4 payments before we can pay it off.) So the final price was about $16,225 + tax and doc fee.
Edmunds and the msprotege forums were invaluable in our quest!
#460 of 1273 Re: New Mazda5 Owner [ptaylor2112]
Dec 18, 2006 (10:21 pm)
CAUTION! It is NOT the case that you have to make 2, 3, or 4 payments on the loan. You can pay the MAC loan off immediately. Each day you leave the loan open, you are accuring interest. I just sent in a payment for the payoff amount on the payment coupon I received, but first called MAC to confirm that I can indeed pay it off now (the dealer said you have to wait 3 months, not true).
#461 of 1273 Re: New Mazda5 Owner [danix]
Dec 19, 2006 (7:21 am)
Your correct...it can be paid off anytime but, do you realize that the dealer gets charged back the rebate if you pay it off prior to the third payment? So I suggest once you pay off the loan to find another dealer to service your car. You won't have to many friends at the original dealer.
#462 of 1273 Re: New Mazda5 Owner [audia8q]
Dec 19, 2006 (9:20 am)
What facts are you basing this statement on?
I really don't care if they charge it back or not, since I don't plan on driving from SF to LA to get my oil changed.
But I have a feeling this is just more misinformation.
#463 of 1273 Re: New Mazda5 Owner [danix]
by kyfdx@Edmunds HOST
Dec 19, 2006 (12:17 pm)
audia8q is a Mazda dealer...
And.. he is correct... If you pay off the loan before the 3rd payment, then the dealer will get a chargeback on the loan...
#464 of 1273 Re: New Mazda5 Owner [kyfdx]
Dec 19, 2006 (1:42 pm)
OK, then the dealership lied to me, saying that I could not pay off the loan immediately. It may be in their best interest to have me hang onto the loan, but I am under no obligation to do so.
The dealership does not have the ability to revoke the $1000 credit, I assume?
#465 of 1273 Re: New Mazda5 Owner [danix]
by kyfdx@Edmunds HOST
Dec 19, 2006 (1:45 pm)
No... the dealer would have nothing to do with the credit rebate..
You'd have to check with Mazda Credit about it... My guess is that once you've received the rebate, it is a done deal.. But, I'd check the fine print.
Really.. the amount of interest over 90 days is minimal...
#466 of 1273 Re: New Mazda5 Owner [kyfdx]
Dec 19, 2006 (4:47 pm)
2 emails to MAC produced only canned replies about "what is interest". I called and spoke to 2 people at Mazda and neither could answer my questions.
I know that on my paperwork, nothing says I have to keep the loan open for any amount of time. I assumed that the dealer telling me to keep it open for 3 months was the same as telling me what a great deal the aftermarket alarm at $450 was - lies.
I'm disappointed that Mazda can't make their policy and promotions more clear. My check's already in the mail, so if the dealer eats $1000, so be it.
#467 of 1273 Re: New Mazda5 Owner [danix]
Dec 19, 2006 (10:14 pm)
Yes, the finance manager did explain the rebate would get charged back to Mazda. The salesman did not know. We put a fair amount on our down payment, so MAC interest will only be $100 or so, which is a fair trade for the $1000 rebate. Well... I guess it is more like a one-sided trade in my favor!
#468 of 1273 Mazda 5 or MPV?
Dec 23, 2006 (3:46 pm)
Been looking for the past two months at getting a larger car. Keep coming back to the Mazda brand. Have a dealer offering me a new 2006 MPV LX-SV with a MSRP of 23,710 out the door for 17,500. The MPV has a few options like rear air, Cargo net and roof rack and floor mates but i would have to add privacy tint to the rear glass. Also have another Mazda Dealer offering me a 2007 Mazda 5 touring with a sticker of 20,695 on the road for 20,880. The 5 has a sunroof and automatic air, rear bumper guard and floor mates also. I cant decided which car will be the best one over the long haul. Should I save the money and go with the MPV and hope its a good van, but fear taking a loss on the resale value due to it being an older model, or should I pay more and get a newer style Mazda 5. Each car has its pros and cons just trying to figure out which one will be best for the next 5 or so years. I'm worry the MPV may not be as reliable due to having a ford engine but not sure if the 5 is any better with it being a new model. Any words of wisdom would greatly be apprecaited. Also please tell me your thought on the prices I have been offered. Thanks everyone for your help!