Need opinion - Moving from CX-5 2014 to CX-5 2016

[Mayoo]

Hi everyone,

I currently have a 2WD 2014 CX-5. I overpay it due to a buyback. I've been approached to change cars by the dealer. Here is the deal.

Currently: 2016 GS with added Homelink mirror. Rust protection and Sherlock.
New deal: 2016 GS with potential Homelink mirror and Sherlock.

The 2WD deal would add ~$25/month. The 4WD would add ~$40/month. No cashdown.

My only complaints for the 2014 model is the radio. Would love to have Android Auto but not a must.

Do you think I should do the move? 2WD or 4WD?
Do you think Android Auto will be available on 2016 model later this year?

Thanks all.

 

[Pototoy]

No android or apple carplay.

Post the exact selling, trade-in, sales tax. If you overpay before they'll prolly do it again.

 

[tibimakai]

The dealer will benefit from this deal. $25-40 per month, doesn't seem like much, but how much over 5 years?
Just replace your stereo, with an aftermarket one and stay in your 2014.

 

[Mayoo]

I only have the monthly amounts. They basically exchange the car for the added amounts I mentionned.

 

[MikeM.]

I only have the monthly amounts. They basically exchange the car for the added amounts I mentionned.

Isn't the term of the loan extended?

 

[Mayoo]

Isn't the term of the loan extended?

Same length but it will restart to 0.

 

[MikeM.]

Same length but it will restart to 0.

That means the term of the loan is extended (further into the future).

So you didn't provide enough information to determine how bad of a deal this would be for you financially. The term of the loan (old and new) are critical. But you can assume you will be paying considerably more to ne driving a slightly newer car.

 

[hek8560]

Nah, wait for 2017 CX-5 or cx-7. The new CX-7 look really good, especially interior. I will hold my cx-5 for 2018, then maybe trade in for a RX350.

 

[Unobtanium]

This sounds like a terrible deal. Go spend $2k on a nice NAV/audio. You'll save a mint.

 

[TimelessMazda]

If the dealer only quotes you differences in monthly payments, run away!

You need hard numbers, not monthly payments to determine how good the deal is. Usual tricks by the dealers to hide bad deals.

 

[CaboWabo]

Since youre in Quebec, I would go for the AWD.

 

[Mayoo]

Hi all,

Thanks for the replies. I think I'll stick with my current car. I love it and a radio is not a reason to change, even if the radio is crappy like only Mazda can do it.

 

[tibimakai]

Nah, wait for 2017 CX-5 or cx-7. The new CX-7 look really good, especially interior. I will hold my cx-5 for 2018, then maybe trade in for a RX350.

That is the ugliest "car" on the road.

 

[NelsonLewis]

If the dealer only quotes you differences in monthly payments, run away!

You need hard numbers, not monthly payments to determine how good the deal is. Usual tricks by the dealers to hide bad deals.

Exactly.

 

[ALafya]

That means the term of the loan is extended (further into the future).

So you didn't provide enough information to determine how bad of a deal this would be for you financially. The term of the loan (old and new) are critical. But you can assume you will be paying considerably more to ne driving a slightly newer car.

+1 Exactly right.
Looking only on your monthly payment is how dealers can make a lot of money out of you.
Changing cars often is a good way to waste money.