Got my 08 Speed3 today and have a ?? about price

[aciurczak]

To the OP - the sale price for your car is reasonable, but the finance charges you have agreed to for the next 6 years and 3 months are significantly more than I'd consider reasonable.

IMHO, if you need to finance a car past 60 months, you don't have nearly enough $ for that car.

420 * 75 = $31.5K + $2K down, you've just agreed to pay $33.5k for a reasonably fast mazda 3. That's over $10K in finance charges alone.

The good news is that this isn't set in stone, you can end up paying significantly less interest, but only if you pay down the loan much faster than required. If you can make double payments some months, do it. If you can only afford $500 some months, do that. (make sure that your bank puts any extra to principal and doesn't simply roll it into the next payment due). Anything you save of that $10K is more money in your pocket for your next car.

 

[Hikaru9]

Crikeys! Y'all are getting smoked on insurance rates! Here they are offering between 3 and 4%, depending on the length of the term. But then again I'm from Canada and they take us up the pooper with the price to begin with....

Umm... what insurance rates? -_-a I guess you mean the APR. =p

OP shouldn't feel badly at all. I pay $500 a month for 60 months.
(@ 5.9%)

Four more years to go! Good times! *^_^*

 

[muchdutch]

haha! oops! yes, I mean financing rates....

 

[redspeed3tk]

25065 all but nav +wheel warranty 1500 in tax so 26565 otd i didnt finance the tax and tittle 48month loan at 6.39% with 14500 down $243 a month i pay usually 380-400 so i can be done quicker i dont know how some people got theres otd for very cheap....but the difference of months and interest rate makes up for it

 

[xsquid99]

Ok, I got my 08 MS3 GT today and I paid $25500 OTD, my payments are about $390/mo @ 5.00% for 60 months after putting $4900 down. Damn I love this car!!!

 

[D_Roc7822]

its a beautiful thing isnt it... I love the car.

 

[SwampAss]

24k flat @ 60mos @ 4.94% = 454

I'm making double payments when I can. I should have it paid off on a few years

 

[TRSpeed3]

wow... like I said the more and more I read.. I dont feel to bad. And actually think I got a pretty good deal. Cause you either had to put a ass load down or get ***** with a really high payment. I was really having serious doubts about getting it. But I guess 420.35 a month is better than 513.. or 550.00. Cause theres no way in hell I could do that. And TRSPEED3 you are really making me wish I got a red one instead lol.

well this monthly is cheaper than my previous car my GTO was 550 a month with 0 down and 0% intrested but my daughter was being born and need a family car..so i had to trade the gto in. i didnt even have it for a year and thats why i got screwed in the trade in if not my payments would be hella lower...i got my 07 GT w/homelink auto dim mirror, cargo net, ipod kit for 24,500 OTD so my payments with out adding any extra money to that would have been in the mid 300 but i got screwed with the gto so now i pay more...never buying an american car again they depreciate big time...thanks on the color..i love it...i waited 2 months to get the red...

 

[D_Roc7822]

yeah I would have waited too.. but see Im very impatient and wanted the car right then.

 

[Shane5425]

seems ok, i got a 08 Sport at xplan cost through my company, (750 off), came with mazdaspeed cai and CBE , car totaled at 23500, with 1500 rolled over from pos camry, and high intrest rate because i have perfect credit but short credit.. so i pay about 540 a month right now, in 6 months i am gonna refinance for lower interest and pay around 400 a month..