Lots of good points. Amen to phillyb on the importance of Internet Sales Managers. I got my 2008.5 speed GT for $23,590 OUT THE DOOR. It has the all-weather floor mats, wheel locks, and Sirius radio...and I made them give me a free oil change (just because I'm a dick). Below are the most important lessons I learned when buying my speed3, though not in any order:
-Always determine how much you want to pay for a specific car based on the Mazda website listing for that dealer, for that car. Don't give 'em anything extra for all that dealer installed crap. Take Edmunds Invoice price and knock some of that off. Understanding dealer holdback is very important. Google it, live it, love it.
-Always have a pre-approved loan check from your bank ahead of time. Never show this to your dealer or tell them the amount you are approved for until it somehow saves you money!
-Always explain to them that you only deal with "out the door" quotes. Tell them you are too stupid to figure out all the percentages. This always makes my salesmen laugh.
-Always deal with the Internet Sales Manager. He is willing to take less than the regular sales guy. At my dealership, we were in a back office and he was even taking calls from the regular sales guys and giving them the "yes" or "no" answers about what they could take for cars. At one point (after we had already signed the papers on mine), I heard him tell someone they couldn't take less than $25000 for any MS3 GT. He just smiled at me.
-This sort of ties into the last one, but always deal with them through email. This way, you can research things between questions.I didn't meet my sales guy until the day we signed the papers. I knew him for all of 45 minutes.
-Always tell them about the quotes other dealers have given you. Submit online requests with at least 2 dealers. You need the emails from one of them to forward on to the other one...and vice versa.
-Always tell them you really like their dealership, it's closer to your house, you've heard REALLY good things about them, etc, etc, etc...if they could only match or beat what the other dealer is giving you.
-Never tell them you are planning on trading a car in. This has nothing to do with the purchase of your car...yet. Once you agree on a price, then tell them. Get a quote from Carmax first...it's free and then you can use that for leverage if the dealer comes in below that. Or you can take it to Carmax and bring them the money.
And last, but not least, explain to them that you don't need a car, you want a car. Explain to them why they aren't going to make very much money off a car they sell you. Explain to them that they are, in fact, not really selling you anything; you already want the car. You already want specific features, you understand how they work, and you just need someone to fill out some papers for you...all they have to do is meet your price.
Please don't take any of this as the word of God. These are merely my observations and personal notes for the next car I buy. Good luck in your ventures.
Lots of good points. Amen to phillyb on the importance of Internet Sales Managers. I got my 2008.5 speed GT for $23,590 OUT THE DOOR. It has the all-weather floor mats, wheel locks, and Sirius radio...and I made them give me a free oil change (just because I'm a dick). Below are the most important lessons I learned when buying my speed3, though not in any order:
-Always determine how much you want to pay for a specific car based on the Mazda website listing for that dealer, for that car. Don't give 'em anything extra for all that dealer installed crap. Take Edmunds Invoice price and knock some of that off. Understanding dealer holdback is very important. Google it, live it, love it.
-Always have a pre-approved loan check from your bank ahead of time. Never show this to your dealer or tell them the amount you are approved for until it somehow saves you money!
-Always explain to them that you only deal with "out the door" quotes. Tell them you are too stupid to figure out all the percentages. This always makes my salesmen laugh.
-Always deal with the Internet Sales Manager. He is willing to take less than the regular sales guy. At my dealership, we were in a back office and he was even taking calls from the regular sales guys and giving them the "yes" or "no" answers about what they could take for cars. At one point (after we had already signed the papers on mine), I heard him tell someone they couldn't take less than $25000 for any MS3 GT. He just smiled at me.
-This sort of ties into the last one, but always deal with them through email. This way, you can research things between questions.I didn't meet my sales guy until the day we signed the papers. I knew him for all of 45 minutes.
-Always tell them about the quotes other dealers have given you. Submit online requests with at least 2 dealers. You need the emails from one of them to forward on to the other one...and vice versa.
-Always tell them you really like their dealership, it's closer to your house, you've heard REALLY good things about them, etc, etc, etc...if they could only match or beat what the other dealer is giving you.
-Never tell them you are planning on trading a car in. This has nothing to do with the purchase of your car...yet. Once you agree on a price, then tell them. Get a quote from Carmax first...it's free and then you can use that for leverage if the dealer comes in below that. Or you can take it to Carmax and bring them the money.
And last, but not least, explain to them that you don't need a car, you want a car. Explain to them why they aren't going to make very much money off a car they sell you. Explain to them that they are, in fact, not really selling you anything; you already want the car. You already want specific features, you understand how they work, and you just need someone to fill out some papers for you...all they have to do is meet your price.
Please don't take any of this as the word of God. These are merely my observations and personal notes for the next car I buy. Good luck in your ventures.
I'm still in the market for an MS3 (havn't decided to wait for 2009 or just go for 2008.5) but that is one HELL of a deal! The best OTD price I have seen is $25,600 in Texas, so it looks like I have some more negotiating to do! Do you mind me asking what region of the US you purchased in? I know that can affect it some (taxes) but knowing you got such a good price makes me want to strive for the best deal possible
It does suck that MSRP has gone up by $200 in the last two weeks for 2008.5 MS3's and will probably creep up even a little more for the 2009.
Ok here goes.... I've got a pure white Protege5 with 42,000 miles that's in great condition (has a few bizarre water stains on the paint but only visible up close). Overall the car is fine and I consider it a "good" in the kbb standards (close to excellent but it says only 5% of used cars are "excellent").
So kbb says I could sell this car private party for about $9100.
I would only consider doing this if I were to acquire the brand new Mazdaspeed3 that is located in a town about 75 miles from where I live.
Assuming I can't sell the P5 private party for $9100, I have two questions:
1. What is the minimum trade I should accept for the Protege5?
2. What is the maximum price I should be willing to pay for the Mazdaspeed3? The dealer has it listed at $23,290. It doesn't have leather or any of the other fancy shmancy stuff.
I'm thinking I might just call them up on the phone to say "here's what I'll pay and accept on trade". If they accept, I'll take a short road trip. If they don't, they can piss off because my P5 is a pretty sweet ride and could use a hiboost kit.
I'm still in the market for an MS3 (havn't decided to wait for 2009 or just go for 2008.5) but that is one HELL of a deal! The best OTD price I have seen is $25,600 in Texas, so it looks like I have some more negotiating to do! Do you mind me asking what region of the US you purchased in? I know that can affect it some (taxes) but knowing you got such a good price makes me want to strive for the best deal possible
It does suck that MSRP has gone up by $200 in the last two weeks for 2008.5 MS3's and will probably creep up even a little more for the 2009.
No problem. I live in North Carolina. The breakdown for my deal was as follows. Keep in mind that the dealer I worked with was firm on the doc fee, so he had to give a little on the price of the car, ie "sale price". I chucked when he emailed me the breakdown and even commented that I didn't realize they were "on sale".
$25,363.00 MSRP
$22,363.00 SALE PRICE
0 TRADE
$22,363.00 DIFFERENCE
$670.89 TAX
$23,033.89 SUBTOT
0 Rebates
$28.00 FILE
$9.75 NCSI
$450.00 DOC
$74.00 REG / TAG / TITILE
$23,595.64 TOTAL
His response:
"What is your address so I can give tax and license?
What do you want for your trade? What is the serial #? Has it ever been wrecked or painted? Are you close to my Baton Rouge dealership on Airline, Jaguar/Land Rover?"
He's dead serious about this. What should I ask for on the P5 trade? Should I go high ($10,000) or so and see what he says? (Of course he'll want to go lower than that).