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

[Powerslave]

mine was 27,000 fullly loaded with nav 500 a month for 72 months 0 down, its always smart to keep money in the bank....

 

[Young Roids]

$23,135. Paying in cash FTW.

I plan on goin the cash route as well. Smart minds think alike.

 

[TRSpeed3]

513 a month with 3g debt rolled over 0 down payment

 

[D_Roc7822]

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.

 

[D_Roc7822]

Oh and thanks for everyones replies.. I appreciate it.

 

[kragan76]

2008 MS3 GT - $405/Month 60 months @ 5.64% $1600 down

 

[happy and angry]

2008 MS3 GT - $405/Month 60 months @ 5.64% $1600 down

Wondering about if you're getting a good deal? Compare final purchase prices.

it was 420 for 75 months.

(420 x 75) + 2000 down = 33500

500 a month for 72 months 0 down, its always smart to keep money in the bank....

(500 x 72) + 0 down = 36000

He's paying probably 7000 more than the car in financing over 6 years. That's about 20% of the 29,000 he could have kept "in the bank" if he'd had the cash to drop on the vehicle. If he can make more than that 20% return over 6 years, he probably did the right thing.

2008 MS3 GT - $405/Month 60 months @ 5.64% $1600 down

(405 x 60) + 1600 = 25900

Your payments and final purchase price are probably middle to high middle of what other people are getting.

 

[Nachtsturm]

OTD price was 23,000, 5.9%, No money down, no trade in.

Payment is 379.

 

[xsquid99]

I really dont see how some of you got the deals that you got (i.e. out the door for less than $25k). Right now I'm negotiating for a 2008 MS3 GT and the lowest I can get anyone to go is $23,100 before tax and license (about $25,400 OTD). I got this price from one dealer so I called around and none of the other dealerships will even come close to that price.

 

[xsquid99]

2008 MS3 GT - $405/Month 60 months @ 5.64% $1600 down

So I did the math and in order for you to get payments like that you paid about $22,750 for your car (including the tax), which means you paid less than $21,000 for the car.

Mind telling me how you got that price? Thats a couple thousand below invoice.

 

[happy and angry]

So I did the math and in order for you to get payments like that you paid about $22,750 for your car (including the tax), which means you paid less than $21,000 for the car.

Mind telling me how you got that price? Thats a couple thousand below invoice.

You did the math wrong. Final purchase price is $25900 after 60 months of financing.

 

[chacon101]

08 MS3 GT (no nav) + MS CAI installed + ext. warranty. $25k otd.

$422/mo at 6% through PFCU (I was in the Army) and no money down.

Insurance is $89 mo.

 

[xsquid99]

You did the math wrong. Final purchase price is $25900 after 60 months of financing.

No, I didnt. I'm not talking about total price of the car with interest, I'm talking pre-tax and pre-interest price of the car.

He said his payments are $405/mo for 60 months @ 5.64%, which means he paid $22,750 for the car PRE-FINANCE CHARGE. Which means he paid about $21,000 for the car pre-tax and pre-finance. Which, like I said is a couple thousand below invoice.

 

[happy and angry]

No, I didnt. I'm not talking about total price of the car with interest, I'm talking pre-tax and pre-interest price of the car.

He said his payments are $405/mo for 60 months @ 5.64%, which means he paid $22,750 for the car PRE-FINANCE CHARGE. Which means he paid about $21,000 for the car pre-tax and pre-finance. Which, like I said is a couple thousand below invoice.

Fair enough. But, why look at the purchase price before financing? It's not the real out-of-pocket number for the price of the car, and it's not the amount the dealership ends up seeing at the end of the sale.

Invoice on the car is around $22,500. In a straight up sale at MSRP the dealership will pull in about $24,700. Financed they make an extra $1200. The dealership isn't really losing money if they cut the price to secure a sale over a 60 month financing period. It's a good deal, but it's not exactly outrageous. MSRP in Canada for my Speed3 was $30,995, and the dealership dropped it by $5000 because of the strength of the Canadian dollar and because I had them convinced I was financing over 6 years, so they were still going to make money on the sale, even at the huge discount.

This doesn't even take into consideration other factors, like the dealership trying to hit a sales target for the month, or manufacturer incentives to the dealership to keep sales numbers up during a rough times in the American economy, or the potential new income from the service department or other things like that. The dealership always comes out ahead in the sale in one way or another, otherwise they wouldn't be selling the car.

 

[laloosh]

I got my gt otd from 24.9. put 2.5 or 3k down and am paying 369 a month for 72 months at %6.69 percent.

 

[xsquid99]

Fair enough. But, why look at the purchase price before financing? It's not the real out-of-pocket number for the price of the car, and it's not the amount the dealership ends up seeing at the end of the sale.

Invoice on the car is around $22,500. In a straight up sale at MSRP the dealership will pull in about $24,700. Financed they make an extra $1200. The dealership isn't really losing money if they cut the price to secure a sale over a 60 month financing period. It's a good deal, but it's not exactly outrageous. MSRP in Canada for my Speed3 was $30,995, and the dealership dropped it by $5000 because of the strength of the Canadian dollar and because I had them convinced I was financing over 6 years, so they were still going to make money on the sale, even at the huge discount.

This doesn't even take into consideration other factors, like the dealership trying to hit a sales target for the month, or manufacturer incentives to the dealership to keep sales numbers up during a rough times in the American economy, or the potential new income from the service department or other things like that. The dealership always comes out ahead in the sale in one way or another, otherwise they wouldn't be selling the car.

Well, I'm looking at his purchase price because I'm negotiating for a new MS3 right now and I'm trying to figure out how he got that price. With invoice at $23,250 (according to edmunds) and a factory holdback of about $350 (had an insider check on that for me), if the dealer sells the car for below $22,900 they are going to lose money. And in this guys case, unless he used dealer financing (and I doubt he did with such a good interest rate) they are going to lose A LOT OF MONEY.

In my case they're not making any money off my financing because I'm paying cash, and I doubt they want to move the car that bad because they are still flying off the lots. Trust me, despite what you see on CNN about the american economy people are still spending like crazy here.

I'm just trying to find out what ammo this guy used to get such a good deal.

 

[happy and angry]

Well, I'm looking at his purchase price because I'm negotiating for a new MS3 right now and I'm trying to figure out how he got that price. With invoice at $23,250 (according to edmunds) and a factory holdback of about $350 (had an insider check on that for me), if the dealer sells the car for below $22,900 they are going to lose money. And in this guys case, unless he used dealer financing (and I doubt he did with such a good interest rate) they are going to lose A LOT OF MONEY.

In my case they're not making any money off my financing because I'm paying cash, and I doubt they want to move the car that bad because they are still flying off the lots. Trust me, despite what you see on CNN about the american economy people are still spending like crazy here.

I'm just trying to find out what ammo this guy used to get such a good deal.

autos.msn.com has the invoice on a GT at $22,500. Deal for about 4% above that and the dealership will probably sell the car.

And I'm not too sure what the deal with financing rates are in the US, but the best rate I could get from a bank was about 7%, and the dealership was offering 4.9%.

Not sure what sort of financing deals most dealerships offer, but if they have open ended financing you can pay off at any time, see if they'll drop a bit on the price if you finance through them then just make one huge payment after you've signed the papers.

Keep in mind that even with a car like the Speed3, some dealerships will sell the car at or a bit below what it costs them because of other intangible benefits to the dealership that you might not see, be it incentives from Mazda USA on sales numbers, the prospect of more income in the service department, financing, etc etc. The car still MSRPs at $30,995 up here in Canada, and it's a GT without NAV and leather, so the prices in the US ALL look like a good deal to me...

 

[flipstylex]

mine is around 22600 sumtin too. my monthly is like 418 a month, i had 5 k down...my apr is like 9 percent

 

[Young Roids]

Invoice prices can varry by like 700 depending on weather they add the delivery charge to the invoice. Although edmunds says 22,500 and they do not add the destination charge.

I had the idea to just go with dealer financing so they think they will get interest and then just pay it off the next day. Anybody else tried that yet? Or is there some clause that says you cannot pay it off too soon?

 

[MAJ Husker]

Wow, I'm surprised how much some of you pay in interest and paying for so many months.
I paid $26,800 (includes tax & extended warranty), put down 6,800 and pay $460/mo for 48 mos. at 4.94%.