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Prices Paid: Buying & Leasing Experiences Mazda5 Prices Paid and Buying Experience
1122 messages, Last post on Nov 09, 2009 at 9:28 PM
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Replying to: oahumazda5 (Dec 03, 2008 12:45 pm) |
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New to this forum. I purchased a used 2008 Mazda 5 Touring with 15k miles on it for $14,800 over the weekend. I think I am happy about the deal although its not as great as I (initially, before visiting here) thought before.  This is from D. Dahle Mazda dealership in Salt Lake City, UT. The sticker price on the car was over $17k. The dealer was OK. Nothing too special about their service. Salesman was appearing too busy on the day of sale. The guy who had to print all the sales documents took sometime as well. He was offering $1100 for extending the warranty to 6 years and 75k miles. If not used, the money will be refunded at the end of the warranty coverage period. What do you guys think of that deal? Should I get it? Thanks,
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Replying to: a101 (Dec 11, 2008 9:28 am) I think conventional wisdom on extended warranties, if you're going to get one at all, is to buy them from someone other than the dealer.
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Just purchased a 2009 Mazda 5 Sport AT November 26 for $16888. Got the financing through the credit union for 4.74% for 60 months. This was from Herzog-Meier Mazda Beaverton, Oregon. I don't know if I overpaid, but it's a price I can live with, about $3000 below MSRP.
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Replying to: robert2008 (Dec 11, 2008 9:15 pm) I think you got a good deal. 2009 brand new for under $17k can't be bad. Did you get the offer for the warranty? I was offered that by the dealership. It is extension of the factory warranty offered by Mazda. I did not see any papers for fine prints and those details but it made sense to me. They charge you a little extra upfront for the option of paying back. But what it does for them is that now you (the owner) won't go to them for little little thing (probably anything costing you less than $500). You won't get those small things fixed under warranty to keep the $1100 cash back at the end of the 6 years. Saves Mazda some money as the warranty essentially becomes not bumper to bumper but only for major components -- because as I said, you won't go to get small issues fixed under warranty... that's how I think they can offer the option to pay back the warranty money... 
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Replying to: oahumazda5 (Dec 11, 2008 4:57 pm) You say buy it from someone other than the dealer because of price or service? Shouldn't a warranty from Mazda be the best one to get for a Mazda car? And the dealership is there and they can do the service and handle the claims with the least hassle. With the online warranty companies its always a few extra steps to get the authorization for work etc. Is $1100 for 3 years extension a good price?
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Replying to: a101 (Dec 12, 2008 8:06 am) I dont want to be a party pooper, but here is my $0.02 The price you paid for the extended service is about average of what people have posted here. I had never heard of getting a refund if you did not use the extended service either as oahu mentioned. My understanding has been that you can get a full refund only if you cancel it before the original warranty (3yr/36k) runs out. After that, you can still get a refund if you cancel, but it will be a pro-rated amount. Reasons for canceling would be a change of mind, sold the vehicle or a total loss. Most people forget about their E.S. when they sell or trade in the vehicle and/or when they experience a total loss, thus extended service companies keep the money and make out like a bandit, unless of course you remember to cancel. Also, an E.S. contract is just a peace of mind thing. It will only be of value if it is used past the premium paid for, in this case $1100. So if you have trouble-free ownership after the normal warranty period or only use the E.S. plan for less than the amount you paid for it, then it automatically becomes a waste of money. It is really a gamble you take whether you purchase it or not, it is strictly a peace of mind unless it is used and taken advantage of its benefits.
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Replying to: vg33e power (Dec 12, 2008 8:35 am) The strange thing to me about the deal they offer you is to take the point of view of the EW company. If you need no repairs, they give you your money back and make no money. If you need $1100 in repairs, you break even and they make no money. If you need $2100 in repairs, you save $1000 on getting your car fixed and they lose $1000. What's in it for them? If it sounds too good to be true, it usually is.
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Replying to: oahumazda5 (Dec 12, 2008 12:47 pm) I'll call the dealership again and try to get clarification on the money-back part of the warranty. I agree, it doesn't make much sense... except that they get to keep the $1100 for 5 years and can make some money off of that. I have not bought the warranty yet... but looking in to it... |
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