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Mazda CX-9, Car Leasing, Car Buying, SUV
Jul 16, 2009 (3:18 am)
Just signed for a 2009 CX-9 GT AWD with moonroof/bose + about $400 in dealer options (mats/cargo cover/etc)
Final price was around $32k before TTL. ($34.5k all-in in NJ)
Price includes $4k incentive for no mazda financing. I disagree with a previous poster who said the 0% financing is worth more than $2500 in savings. I didn't think the 0% financing (for 3 years) was worth it, since the implied financing cost of having payments based on a selling price that is $2500 more is around 5% (and risk free money earns a lot less than that today).
#1841 of 3688 Re: 2009 CX-9 GT AWD [petesamprs]
Jul 16, 2009 (5:03 am)
which NJ dealership did u get that deal? and what color?
#1843 of 3688 Re: 2009 CX-9 GT AWD [petesamprs]
Jul 16, 2009 (8:10 am)
What are additional options and original price for your CX-9?
I see the moonroof / bose, did you get the GT Assist package as well?
#1844 of 3688 Re: 2009 CX-9 GT AWD [mindleftnumb]
Jul 16, 2009 (10:26 am)
At the risk of being obvious, even more, it also depends on how much you are financing. If you aren't putting much cash down, the 0% becomes far more valuable because you are financing a much larger amount. When the amount is smaller, the difference between 0% and the alternative interest rate(s) lessens in magnitude.
#1845 of 3688 Support for 2008s?
Jul 16, 2009 (11:14 am)
Does anyone know what incentives/support Mazda is giving for new 2008 models? My dealer has several '08 CX-9s, including one optioned the way we like. From searching the forum and other sources, I can't find any published information for 2008s. The last I saw was $5,250 in dealer cash on them back in April or so. I imagine with 2010s on their way soon, they have to be helping dealers get rid of these. It appears my local dealer has 1 or 2 of their own left over and also have received 2008s initially sent to other dealerships for sale. It's essentially a 2 year old used car the moment I drive it off the lot, so I need a steep discount. If some have been able to buy an '09 for ballpark of $4,500 off invoice price/$7,500 off sticker - then what can you buy an '08 for given they start at essentially the same price? $3,000 more off?
I plan to keep the car a long time and we put high mileage on our vehicles so the 2008/09 model year difference doesn't matter too much to me. After 2-3 years it will have the "right" amount of miles on it for a used '08. Any help is greatly appreciated. I'm a willing cash buyer but the deal has to be right. We are replacing a 2004 Durango Hemi Limited that is in perfect condition but has 131k on it. So, I have no immediate need and the smart thing would probably be to drive it until it stops as it can't depreciate much more. But, we want a new car, no longer need a tow vehicle, and like the CX-9, so if the price is low enough, I'll go for it.
#1846 of 3688 Re: 2009 CX-9 GT AWD [jcpharm]
Jul 16, 2009 (3:53 pm)
will let you know dealer once i take delivery.
#1847 of 3688 Re: 2009 CX-9 GT AWD [mindleftnumb]
Jul 16, 2009 (3:57 pm)
Agree, but my "alternative" interest rate is the opportunity cost of the cash i have in the bank (which is earning 1-2%). So I can either use my money and pay 1-2% interest rate (foregone interest on my savings) or pay 5% to use mazda's money.
Now if you have that same cash earning >5% in the market instead, you should finance. But I can't guarantee myself >5% in this market.
#1848 of 3688 Re: 2009 CX-9 GT AWD [dbcafyqx4]
Jul 16, 2009 (4:00 pm)
only package was bose/moonroof. no GT assist (mazda nav is seriously overpriced for what you get).
additional dealer installed options added around $400 to selling price.
#1849 of 3688 Re: Support for 2008s? [volfan3]
Jul 17, 2009 (5:18 am)
While many buyers (myself included, initially) would like to believe that new units that are really stale should go for fire-sale prices, it doesn't really happen and here's why. There comes a time when the manufacturer discontinues incentives on the remaining previous year's inventory. At that point, the dealer is given the option to buy the car outright, less the last, best incentives offered. So there is no larger, more aggressive discounting from the factory. The dealer obviously has an incentive since these units are tying up more capital than the those leveraged under floorplanning. But it seems to me that they typically hang on until somebody comes in and jumps at a $500 break but doesn't consider (or care about) the multi-K dollar depreciation hit.This also works better when the new model's sticker price has jumped a bit, adding more free leverage.
As a long term vehicle keeper, getting the mileage on the odo "right" is irrelevant. You got a lot of good use out of your old vehicle, you want a new one, go beat up a few dealers pricing an '09 and enjoy your new ride.