Last post on Mar 22, 2012 at 7:44 PM
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Mazda CX-7, SUV
#572 of 813 Heard some new info...not 100% verified but ....
Oct 12, 2008 (9:47 am)
We have bought (see post a page or two ago), but I hear some Mazda incentives were completely "cut" on 2008's. Sounds like dealers had the option to purchase them (taking them off the floor plan) without titling them, getting all incentives applied, or staying at invoice minus marketing support on floor plan. Saw GM/Ford do that so wouldn't be surprised. If they took the deal, they are in at net-net-net and paying full interest (i.e. bottom dollar on 120+day cars they want off the lot last week).
Unless you live in a state with weird regulations (don't know of any that apply to this situation off the top of my head, please correct me if I am wrong), you still get "new" vehicle, never titled (dealer doesn't count), and warranty doesn't start until you drive off the lot.
This is as close as you will ever come to "stealing" a car without going to jail
If TMV stays close to residual, you can get out in 2 years with little to no loss. I have never seen a better option on a new car buy (not counting the last Oldsmobile's, a VERY different situation -BTW, thanks for the Rolex for selling the last one )
I'll take this to the appropriate thread, but we are having awful front end vibration under breaking on our CX-7 (only 21 miles when we picked it up). Assumed rust/lot grease the first week, but getting worse. Maybe warped rotors?
#573 of 813 Re: not a good deal [fishhoppa]
Oct 12, 2008 (10:14 am)
There's a "dealer" (using the term loosely) here in Charlotte (two lots, one on South Blvd) still emailing me as he refuses to believe we bought. This is the guy that blew us out the door at MSRP on a 2008, with 2009's on the lot, mumbling something like "might be able to find $1200 in there" as we walked. He was also shorting our trade, knew we knew about the 3500/500/800 and said he would lose his license if he even talked about those numbers, and pressuring us on payment when I had told him 500 times we were not payment buyers- "we are here to buy a car, not a loan". I blocked his phone though caller-ID, a few more emails and I am going to drive my wife's CX-7 over there and do donuts in the parking lot if if that's what it takes to get his attention (just teasing).
Personally, I consider us an easy sale. So did the dealer we bought from. I am honest from the minute I walk in the door.
-My family has dealerships, I grew up around the business, I am far from an expert, but I did do my homework. I don't buy from family, I like to keep it local for service reasons (unless there is a regional offer I can't refuse, I am not stupid).
- I want a good deal. Good deal does not equal lowest price. I know you have to make a profit and I want you to- I want you to be here when I need service and I want a loaner if its overnight. Fair is fair.
- I prefer to work wholesale to wholesale. Appraise my trade as is, price your car as is. Lets please consider them 2 different transactions (they have been in many deals). No need to hide numbers. Appraise my trade and let me know ACV (Actual Cost of Vehicle- what they are really paying for it, no robbing Peter to pay Paul). this is basically the "invoice" on my trade. Let's pull invoice on the new vehicle as well. from here we will cut a deal that is fair to us both and no one will waste any time or hurt any feelings.
Not only have I always been told they respect this attitude, I usually get little incentives like "loyalty rebates", "farmers credits", "competitors rebates', etc, thrown in I didn't even know about.
One thing I uses to love when I sold cars (long long time ago, galaxy far far away, yada yada)...the guy who walked in with the past three issues of Consumer Reports tucked under his arm loudly proclaiming as he entered the showroom, "I am only here to look". This was the old me, but, he would be "just looking" alright, "just looking" at the sales contract later that evening at the dinner table while his wife shouted "I thought you were only looking!!??"
Even better, this is the kind of guy that has been bragging about his car buying abilities for weeks (we called them "Car Lawyers"), so all his friends, co-workers, and neighbors were just waiting for him to find the "best deal". He could never admit he caught "showroom fever" or "got sold", so he would have to send them all my way to save face. He got a $50 "bird dog" check for each one, I am sure that helped a bit.
#574 of 813 Re: Heard some new info...not 100% verified but .... [supershawn]
Oct 12, 2008 (11:53 am)
I have to say, I do read your informative posts with great interest; However, you lose me (non auto-industry guy) pretty quick when you start taking about "floorplan", etc. To be honest, when I hear that, I think of my house!
Sounds like dealers had the option to purchase them (taking them off the floor plan) without titling them, getting all incentives applied, or staying at invoice minus marketing support on floor plan. If they took the deal, they are in at net-net-net and paying full interest (i.e. bottom dollar on 120+day cars they want off the lot last week).
That said, I WILL say I 100% understand comments like this:
This is as close as you will ever come to "stealing" a car without going to jail
So are you referring to the latest offers to sell for $7K off MSRP? If so, I have to agree. Again, we paid $17K+ttl for a new 08 CX-7 a few days ago. When I visit Carmax, their 'no haggle' price for a comparable USED 07 with 37K miles is more than I paid! link title
#575 of 813 Thank you for the help
Oct 12, 2008 (6:18 pm)
I got email offers of $6400 off MSRP from one dealership and $7200 off MSRP from another. The one closest to me refused to deal, trying to stick me with the sticker price. But thanks to you, I don't have to take it!
I appreciate all of your information, thanks again!
#576 of 813 Re: Thank you for the help [scottk218]
Oct 12, 2008 (6:34 pm)
Sounds like you have some great numbers there! Still amazes me how much the numbers differ from one to the next! From what I've heard, the reasons are numerous... what quota bonuses they're eligible for, what tier dealer they are, how long the vehicles have been on the lot, etc. etc. Regardless, congrats!
#577 of 813 Re: Heard some new info...not 100% verified but .... [supershawn]
Oct 12, 2008 (7:16 pm)
Supershawn, your info on the net-net-net arrangement gives me insight on a situation I saw back in August. A local store was selling untiltled '07 CX-7s (5 of them, I think) at 7K off sticker. I did see one in the showroom, and noticed that it came from a dealer in Michigan. Could have been a trade, but seems unlikely. I guessed the original store closed up and others got a chance to buy the old inventory off of Mazda, with the rolled-up floorplan cost wiped out or as you say resetting the 120-day clock.
Whatever method they want to use, the old adage still holds true: All cars must sell. Even if it means the new car and used car lots have identical prices.
Oct 14, 2008 (10:25 am)
Tuesday means Mazda chat night! Mazda ownership is not a requirement! Just bring yourself and your love of cars and the desire to discuss anything and everything automotive and you're good to go!
The chat opens at 8:45 pm ET and runs until 10 pm ET. I hope you're able to join us tonight to meet and greet with your fellow CarSpace members!
See you there!
#579 of 813 Need help
Oct 15, 2008 (12:49 pm)
Can anyone help? I am looking to buy a CX-7 Touring or Grand Touring. I will need the 0% financing. How much should I try to get? Is it possible to get the car under invoice? If so, what is a good price?
Thanks in advance for help.
#580 of 813 Re: Need help [liboy]
Oct 15, 2008 (2:58 pm)
I am also looking for one. The latest i have seen in this forum was 7k to 7.2k off MSRP. Good luck.
#581 of 813 Used Cx-7 from Enterprise Rental
Oct 17, 2008 (6:59 am)
Has anyone ever had any experience with purchasing a former rental car? Enterprise rental has plenty of 08 models with approx 12k to 18k miles on them for pretty decent prices. What are the pros and cons on this , other than not knowing the 100+ drivers that probably driven the car before. Thanks for any insights here!!!