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Mazda CX-7 Prices Paid and Buying Experiences

758 messages,  Last post on Nov 29, 2009 at 5:12 PM

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What is this discussion about? Mazda CX-7, SUV


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#529 of 758
Re: $18,600 OTD for base sport [derrickson] by des5
Oct 04, 2008 (7:06 pm)
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Replying to: derrickson (Oct 04, 2008 5:54 pm)

Congrats there. You did $800 better than me, but that's the difference a month can make.Here's how it works: FWD Sport with no options invoices for 22860 with destination. Take off 4000 finance discount, 1000 quota spiff, and 500 loyalty brings you to 17360. Or, the dealer's way of looking at it, 5500 discounts + 1500 invoice to sticker margin = 7000 off. Note that the dealer never takes a bath - there's still 475 holdback in there, and the sale may generate additional cumulative year-end spiffs. Also note that higher trims and options add a couple of hundred extra dollars in margin that with a flat "7K off" doesn't end up in your pocket without negotiating. That's why I always work from invoice down. This is still a very good reference point for future buyers.
#530 of 758
Re: $18,600 OTD for base sport [des5] by derrickson
Oct 05, 2008 (6:37 am)
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Replying to: des5 (Oct 04, 2008 7:06 pm)

Thanks des, and thanks for the explanation of the discounts. I agree about working back from invoice. My problem was that I had heard/read so many conflicting reports of the various discounts, & the amts, I was uncertain which ones to include in my "include this or Im outta here" price! I also wasn't up for haggling over the various discounts. For example, I dont own a Mazda, so technically would not qualify for 500 loyalty, even though it might be available to all. Overall we're content. I do need to remember your attitude about "the difference a month can make" when next we see someone post a $10K off invoice purchase!
#531 of 758
Re: [oldfashioned] by supershawn
Oct 05, 2008 (7:38 am)
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Replying to: oldfashioned (Sep 29, 2008 7:47 pm)

(sorry for the delay)
 
Wow! First of all, sounds like you were not only getting the deal, but getting it on a dealer exchange (DX). I am not as familiar with Mazda's process on this, but wow- good job. The only time either dealer really gets benefit from a DX is if 1) high demand vehicle with strong front end profit, 2) trading for a vehicle you REALLY need- maybe a first year you have low or no stock on or if you need to hit a minimum sales figure to qualify for next years inventory baselines.
 
Hail!? That dealer did the right thing (by walking away). Always say "Hail No!!" to a hail car. They look good on a sunny lot, even better if there is a light mist in the air, but wait until you see it under a fluorescent light. Plus, depending on the state, it's permanently on the title.
 
I only had one experience with a hail storm on the lot, but it was bad (East coast, near the water, not a lot of hail). Every car (250-300) received a fair amount of damage,
 
Every state is different, but for us (MD/DE/VA), we had to disclose hail damage (not in ad's, but on buyers order and addendum sheet) on all NEW vehicles. Used didn't matter.
 
At that time, we had 5% money (end of year), strong incentives, and about 20% insurance money on each car. It was a strong 2 months for profit, but I didn't like selling them. John Doe may not see/care, but once you've noticed, you see it every time. I haven't bought a used car without being able to see it under a straight tube fluorescent light (easiest way in my opinion- just sight the overhead bulb reflection and follow it, if that straight bulb gets a sudden bend in one spot, Bobs your uncle) since.
 
Not sure how your deal got that far without disclosure, but very happy you didn't get a hail car.
#532 of 758
Re: $18,600 OTD for base sport [derrickson] by supershawn
Oct 05, 2008 (7:58 am)
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Replying to: derrickson (Oct 05, 2008 6:37 am)

Agreed. A lot of discussion (including mine) has been talking about "$x off sticker", but you should always work from invoice. Invoice "is" the actual initial cost to the dealer (but you have floor plan incentives, marketing incentives, etc, etc). And not all dealers want to work that way. Honestly. I preferred it even when I was involved in sales. Everything is laid out on the table, there's no "trade for" baloney or showing extra for the trade to make them happy so they don't argue about the price (don't be sentimental about the car you are trading in, it will cost you money!). Just be honest when from the get go, if you have a trade, tell them you want to deal "wholesale to wholesale'- you want an independent prices for your trade and the vehicle you are buying.
 
Just realize three things and you'll get a "good deal" every time:
- Your trade isn't worth what you think it is. Yes, I know, you just put tires on it, and wipers, and a battery....it just doesn't matter. Sorry. the new buyer won;t pay extra either.
- A "good deal" isn't always the drop dead best price. You need service, will they give you a loaner (get it in writing, even if just on the "we owe" sheet), look at reviews for the dealership. A "good dealer" will get you every incentive he can if it doesn't affect his bottom line. Rebates and factor cash (like loyalty money) doesn't go to him anyway, he should want you to have it if he cares bout his customers.
- The dealer HAS to make a profit. C'mon, no matter what you think of dealers, it's a business. And the market isn't doing well. And you want them to be there when you need service. And the salesman has a family too. Now, that profit should be fair, and that's what you negotiate.
#533 of 758
Re: $18,600 OTD for base sport [derrickson] by oldfashioned
Oct 05, 2008 (1:03 pm)
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Replying to: derrickson (Oct 04, 2008 5:54 pm)

Which dealership did you get it at?
#534 of 758
Re: $18,600 OTD for base sport [oldfashioned] by derrickson
Oct 06, 2008 (9:27 am)
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Replying to: oldfashioned (Oct 05, 2008 1:03 pm)

hi oldfashioned,
i was waiting until it was "official" (aka took delivery), but as we've emailed a few times, and are heading over tomorrow for pickup, confidence is high this will be completed. now, if during the test drive, black smoke is bellowing from the exhaust, i'll be singin a different tune, but until then, the dealer is:
 
Russell & Smith Mazda / Houston, TX. The Sales Mgr is David Rawls and my salesperson was Fred Session. That said, we did not do any negotiating whatsoever. Spent more time waiting in line for gas during hurricane Ike than I did purchasing this vehicle....
#535 of 758
Re: $18,600 OTD for base sport [derrickson] by oldfashioned
Oct 06, 2008 (1:18 pm)
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Replying to: derrickson (Oct 06, 2008 9:27 am)

THANKS, will give them a call asap.
 
However, I saw this review of that dealership online, check it out.
 
http://www.edmunds.com/dealerships/Texas/Houston/RussellSmithMazda/fullsales.457- 80.oldNew.html
#536 of 758
Re: $18,600 OTD for base sport [oldfashioned] by derrickson
Oct 06, 2008 (1:35 pm)
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Replying to: oldfashioned (Oct 06, 2008 1:18 pm)

Thanks,
Yes, I too have heard various stories (charging xtra for lojak, warranties, etc). That was why I kinda wanted to wait until after delivery to let you know who it was.
 
I look at it like this: The sales guy already wrote up the sale sheet, and the numbers match exactly what their 1/4 page newspaper ad posted. Will bring a certified check for that exact amt, not a penny more. I saw the car in-person, on the lot, and they are prepping it as we speak.
 
I suppose it's possible for finance to muck it up... somehow... but if they do, I'll simply get up & leave. And should that happen, I will let every auto-related site, blog, etc know all about my experience. Such will also be the case if all goes well... a no-hassle $24K c-suv for $17K.
 
Will let you know how it plays out tomorrow!
#537 of 758
by ryande680
Oct 06, 2008 (8:34 pm)
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So if I am understanding everyone correctly, it's either special financing or less money off?
 
For October 1-31, Mazda is offering 0% on the CX7. This mean that they won't come down in price as much? I read through their terms, I didn't see anything as such....
#538 of 758
Re: [ryande680] by des5
Oct 07, 2008 (4:35 am)
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Replying to: ryande680 (Oct 06, 2008 8:34 pm)

While not in the public offers, Mazda will provide "dealer participation money" in lieu of the special financing. Since last month it was 3500 on 1.9%, presumably its about 4000 this month. Generally if you get your own financing (especially through a credit union), you will only spend about half this money in interest, thereby coming out ahead.

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