New 2023 CX-5 Turbo Signature for $40k vs Used 2022 Turbo Signature for $36k?

[chickdr]

I'm at 5.9% for 72 w/a 800 credit score. I also live in NYC.

I Remember the good ole' days of 0.9% with good credit

LOL, I don't remember 72 mths at 0.9%, but I did get 60 at 0.9% when I got my '21.

 

[cxha]

LOL, I don't remember 72 mths at 0.9%, but I did get 60 at 0.9% when I got my '21.

Mazda offered 1.9% APR for 36 mo. on my 2022 so I opted to take it instead of paying cash. It was 0% APR back in 2020 on the MX-5 which was even more of a no-brainier.

 

[ruthrj]

yea. Mazda financing is pretty good for August

interest months

2.9%

36

4.9%

48

4.9%

60 and 63

5.9%

72

I just took advantage of this. They were slightly lower for ‘23 CX-5s. I got 3.9% for 60 months and zero down payment. Keeping cash in an online savings earning over 5%.

 

[yamahaha]

I would never buy a used care unless it was SIGNIFICANT discount. Today, you save maybe a few grand. You can negotiate a new car down so close is makes zero sense to take a chance the former owner abused the car.