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Mazda MAZDA5, Van
#798 of 1273 2008 Mazda GT - what's a decent price?
Feb 22, 2009 (9:31 pm)
I am SO glad I found this forum - and especially before we embark on the car purchase trip (again)... After some research on mostly SUV (7 seaters) I stumbled across the Mazda5 and had to re-evaluate my stubborn "never a mini-van in this house" statement... We are probably going with the Mazda5, and after doing some research in our area (NoCal/Bay Area) of new/used Mazda5's it seems like there are some good deals to be found on new cars, and especially 2008s. So I have a couple of questions which I hope this forum could help me with
1) I found a new (~3 miles) Mazda5 GT for the Internet price of $17,875 - is this a decent deal for a new Mazda5 08GT (this is before TTL)?
2) I haven't gotten the break-down from the dealer via e-mail yet, but I am assuming this "Internet list price" already includes the -$2000 incentive that Mazda has right now, since he stated "this price is in lieu of a special APR". But I have also figured out (by reading this forum) that everything is negotiable - especially now - so I figured I might first get the price of the car out of the way, and then ask for a good APR as well (I could always ask?)
3) Do I need an extended warranty? Is it worth the price?
4) Do I need anything else that I am sure that they will ask me for (I remember when we bought our last car about 1.5 years ago and I was at the dealers for 2-3 hours while I just got bombarded with "options" that we "really should consider"... And I kept saying NO, NO, NO... Needless to say, we're not going back to that dealer again.)
Phew - wish me luck! I can't wait until this process is over and I am driving my Mazda5!
#799 of 1273 Re: 2008 Mazda GT - what's a decent price? [camillap]
Feb 23, 2009 (5:49 am)
All dealers do the pushy stuff either all the time, or when the factory has promotions, so trying to find a "better dealer" is rather futile.
I believe a 08 mazda5($20000msrp) Automatic has about the same trade in value used as an 08 $20000 msrp Toyota Matrix or Pontiac vibe .--$12,500 (kbb.com)
A good price on a brand new 08 GT M5 Auto model ($22000msrp?) is probably around $16000.
Get 10+ bids via the mazda, toyota website on 09 vehicle you want to purchase last week of the month. Sometimes bids can get quite aggressive (lower) between 2 or so the last few days. Obviously any price considered on a new leftover 08 should be considerably less than the better deals offered on an 09.
An extended factory warranty on a vehicle like this should be around $800, for a 7yr/100k mi bumper to bumper extension. Don't pay $1500-2000 for these in the finance office. These can usually be purchased within the first 6000mi from any dealer, and a bit more after 6000mi. Getting bids from the finance mgrs of about 10 dealerships last week of the month for the best price may produce one lower than $800, but probably not by much.
Remember paint sealant, wheel-locks, undercoat, window VIN etching and pinstripes all together have a dealer cost of perhaps $200, depending on the application, so keep it real there too.
#800 of 1273 Re: 2009 Mazda5 Touring Auto Transmission [bobw3]
Feb 23, 2009 (8:15 am)
just curious... where did you get the $8500 price for 03-Corolla-CE-with130K .
Based on my research on blue book and edmunds, a car with above specs in good condition (not excellent) the trade-in value for my car was $4000, Private part value was $5000 and above, and the dealers were selling it for $6000 and above. I also saw a few postings on Autotrader for such as car at $6500.
If are are correct about $8500, then I am going to be really ticked off at myself.
#801 of 1273 Re: 2009 Mazda5 Touring Auto Transmission [BMATT]
Feb 23, 2009 (3:06 pm)
It was KBB for excellent condition, but like I said, even if they sell it for $7000 they'll make $3500, or at $6000 they'll make $2500. I'm not saying you got a bad deal, but if a dealer knows he's going to make a few thousand on a trade-in, they're much more willing to reduce the price of the car they're selling by a couple of thousand. I think if you took your trade-in out of the equation, you probably wouldn't have received the same price on the new car.
#802 of 1273 2008 Lease assumption
Mar 01, 2009 (9:01 pm)
I'm assuming a lease I found on swapalease for a 08 Touring with 3,900 miles. 12 months remaining on the lease and I can put 20,000 miles on the vehicle. Payment is $245 month including tax. The original lessor is paying the $75.00 transfer fee so I have no out of pocket cost to get into the vehicle. Seems like a pretty good deal. I've never done a lease assumption, but at this payment / price I can't really see how I can go wrong.
#803 of 1273 Took the plunge...
Mar 04, 2009 (7:36 am)
Over the weekend, I bought a 2009 Mazda5, Touring trim with the following options: all weather mats, autodim mirror+compass, step plate, cargo net.
Hereís the breakdown:
Sticker price: $21,958
Invoice Price: $20,556
Sale Price: $20,633
Mazda Rebate: -$1000
Tax (6% sales tax)/title/license: $1551
Final OTD cost: $21,184
0% financing for 36 months, so thatís the bottom line. I think I did OK, but maybe could have haggled more. I'm admittedly not the best at negotiating tricks, but did go a couple rounds with the salesman.
Very happy with the car so far!
#804 of 1273 Re: Took the plunge... [robert_lord]
Mar 04, 2009 (5:36 pm)
Sounds god. Just curious...any trade-in involved?
Mar 05, 2009 (7:12 am)
Thanks. No trade involved with this one. The dealership had quite a few Mazda5's on the lot, but not many Touring trims. I don't know if they just make fewer, or if this particular dealership went through them faster (or didn't have many in the first place). Anyone know?
#806 of 1273 Bought a new '09 Mazda5 about a week ago
Mar 05, 2009 (7:19 am)
'09 Mazda5 Sport with manual transmission. All of the following prices include destination:
With no negotiation I got a price of $16,500 after the $1,000 rebate. After tax, title, license, and doc fee, the price came out to a little under $18,000 which is financed over three years at 0% interest, no money down, and three months of no payments.
MSRP = $18,665
Invoice = $17,535
"Fair Market Value" = $17,653
As an alternative, I could have paid $15,997 for the new vehicle and after the $1,000 rebate (it is currently advertised at this price in the St. Louis Post-Dispatch newspaper, any of the three Bommarito Mazdas ) but would not have had 0% financing - based on market rates I would have been at about 4%.
I did not trade in a vehicle.
#807 of 1273 2008 Grand Touring Price
Mar 06, 2009 (10:23 am)
I'm looking at a 2008 new Grand Touring with a sticker of 23,185. The internet offer came back at $21,185 plus the financing plus $1000 incentive towards down payment.
What's a good price for this car? I'm thinking of offering about 18,000 for the car being that it's last year's model and given the state of the economy.