Last post on Jul 09, 2007 at 10:43 PM
You are in the Hatchbacks - Archived Discussions
This discussion is ARCHIVED. To reactivate the discussion, post a request in the Lost? Ask the Hatchbacks Host for directions! discussion.
What is this discussion about?
Mazda MAZDA3, Hatchback
#5 of 6 Re: new crv [stallionre]
May 21, 2007 (8:52 pm)
Actually, the CRV is assembled in Japan, Canada, and the US for the US market. There seems to be no difference in quality from one plant or country to the next.
#6 of 6 Re: 2006 Mazda3 Trade-In Dilemma [jbmazda]
Jul 09, 2007 (10:43 pm)
If you want to lease and need to payment to remain as low as possible, the Honda CRV is your best bet. When you lease a car, the payments are based on an estimate of what the car will be worth at the end of the lease term (residual value). Because Honda vehicles traditionally retain more of their value than almost every other make, the difference between what the car costs new and what it's worth in a few years is lower than most. For example, assume the CRV costs $26,000 new and the lease is written assuming a residual of $16,000 in five years. Your lease payments will be based on the difference of those numbers, basically $10,000 divided by 60 months. Interest and other fees also factor into the equation, but the resdiual is by far the predominant factor in calculating lease payments.
As far as your trade-in, do you have any used car superstores near you (Carmax, etc.)? If so, they will quote you a price to buy your car that is often more than dealers offer in trade. Be sure to check your car's value on Edmunds.com also. At the very least, insist that the dealer give you that price for your trade-in. Too often people get ripped off on their trade-in.
The Mazda3 has held it's value quite well in relation to other Mazda models and its competitors (with exception to Honda and Toyota). Edmunds TMV price shows trade-in at $14,025, private party retail value at $15,316. Those figures are for a 3 s Touring 5-door, black, leather interior, automatic transmission and 20,000 miles in perfect condition.
You might want to consider selling it yourself if you can afford to wait a bit. You will most likely get another $1500 or more selling it rather than trading it in. It's a desirable car that sells well, so it shouldn't take very long at all to sell.
Good luck. By the way, have you thought about the Mazda5?