Should I Take This Deal?
- Thread starter JLove336
- Start date
What is the pre-tax purchase price. Others are claiming a Sport purchase price of around 16500 for a new 2010 with low or no finance charge.
So, the 2009 only has 5000 miles left on the full coverage warranty. How much is that worth to you?
Is the 09' an auto or a stick? Auto adds a grand to the value.
How much to repair the dents and scratches?
On face value, the 09 is a great deal. However, if you were inclined to buy a warranty from Mazda and get the bodywork done at a dealer's bodyshop and finance the purchase at bank rates (say 6-7%) the price advantage would disappear.
If not, go for the 09 and celebrate the savings.
So, the 2009 only has 5000 miles left on the full coverage warranty. How much is that worth to you?
Is the 09' an auto or a stick? Auto adds a grand to the value.
How much to repair the dents and scratches?
On face value, the 09 is a great deal. However, if you were inclined to buy a warranty from Mazda and get the bodywork done at a dealer's bodyshop and finance the purchase at bank rates (say 6-7%) the price advantage would disappear.
If not, go for the 09 and celebrate the savings.
It's actually in Lexington Robotaz...at courtsey on nicholasville rd.
Why do you say it's average? Would would you consider a good price on an 09 with 32,500 miles?
Here is a link to the ad, it's a St. Louis, Missouri dealership.
http://adzone.stltoday.com/ROP/ads.aspx?advid=20721
$16,500 for a '10 Sport with manual transmission, after $500 cash back, this price is if you walk in with your own financing or are paying cash. If you want the 0% financing for three years it will cost $17,000. Tax, title, license in Illinois (the dealership is in Missouri) adds about $1,500.
So for a new '10 with automatic, the cost would be about $19,000 after tax, title, license, doc fee etc, in Illinois, or $4,000 more than the used '09. What do you get by spending an extra $4,000?
1) New tires. My guess is that the tires on the '09 are nearing the end of their useful life, new tires will run about $220 each from Discount Tires or just under $900 for all four (I had to replace one tire so I'm familiar with the price).
2) A full warranty. The bumper to bumper warranty on the '09 will end in 2,500 miles, the bumper to bumper warranty on a '10 will end in 36,000 miles (minus starting mileage) or three years.
3) Stability control. This wasn't available on the '09s, it is standard on the '10s.
4) Higher residual value. A '10 will have a higher residual value by nature of it being a year newer. This will come into play whenever you want to sell the car down the road.
5) Maintenance history: With a new car you know the maintenance history, with the used car you don't. Same for how the car was driven / treated. This was most likely a rental and may have been abused.
6) 32,500 miles: For the extra money you get the "best" miles out of the car. Not really that important right now, but it will come into play a few years down the road as the car ages. Also, per www.edmunds.com, 32,500 on this car is a $970 deduction on the value of the car.
It would be worth the $4,000 to me to get a new '10 but I'm also the type to buy a car and hold onto it for 8 or 10 years or more. If you plan on selling the Mazda5 after two or three years, take the used vehicle otherwise I personally would recommend buying new.
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Is this Mike?
Oxmoor in Louisville is advertising '10 Sports for about $17K. I have no doubt that you can talk at least another $1K off of that. I'm like Heat, thinking the extra money for the '10 is the way to go as long as it's a keeper. Knowing the thing is maintained properly to me is worth at least a couple grand, but I keep my cars for a while. So, I'm saying you can take Heat's argument that $4K is arguably worth the pros, and knock the $4K down to $2500 if bought at Oxmoor. Plus, you can pay cash what you were going to spend and finance the remainder on the new one at 0%. You could always go over to Oxmoor and tell them the deal that you're going to get and see what they throw out. They move the hell out of some cars over there, so I know they will want to get you however they have to.
Here is the private party(lower than retail) Kelley Blue Book on it:
Excellent/Good/Fair
$15,040/$14,190/$12,840
Certified Pre-Owned KBB value is $17.6K, which we can throw out the window because we can get a brand new one for $1600 less than that.
If you look at it that way, I guess it's actually a pretty good deal, or at least not a bad deal anyway. But another way to look at this is, what your resale on a '10 with 10,000 miles is and that you only had to pay $16k at most. KBB says an '09 with 10,000 miles on it is worth $16K. So obviously a '10 model is worth even more, per KBB. I'd just buy a new one if it were me. It's really going to boil down to whether you want to spend the extra or not. I think it's for sure worth it if you do decide to buy new.
Can Courtesy provide records showing the maintenance history? Whatever you do, don't adopt a dog because they tell you to!
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mazdadude
ZOOOOOOOOOM ZOOOOOOOOOM
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- '16.5 Mazda CX-5 Touring
If the car was flawless, with new tires, and came with an extended warranty, decent deal!
However that price sounds a bit too high if it is a sport, also considering it has some body flaws.
I would wager to guess that the dealer is in this car ~$9-11k.
However that price sounds a bit too high if it is a sport, also considering it has some body flaws.
I would wager to guess that the dealer is in this car ~$9-11k.
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- 07' Mazda5 Touring
Go with the new one. It's got the piece of mind of a warranty for 3 years.
I just thought about this: 30,000+ miles after 1 year for an automatic Sport = rental vehicle.
Good luck verifying an appropriate maintenence schedule. When I worked for a rental agency, those cars were lucky if they were pulled out of rotation for preventative maintenence like oil changes once in the 6-12 months they were in our posession. In Phoenix, about 1 in 3 car rentals would be to go to the Grand Canyon, typically racking up 500+ miles per trip. Figure the average car did that at least monthly, and that its a 6000 foot elevation gain, and that preventative maintenence is not being done....
If you are going to get an automatic, get a Touring - you will know for sure it was never rented out. Or a Sport manual - same deal.
As for tires, I recently moved to BFGs for a higher treadwear rating and less noise, spending $660 for a set, out the door. They are still directional, but are V-rated. I would have preferred non-directional, non-asymmetrical tires so they could be moved around the car freely to counter the '06 camber issues, but alas, I would have gone to a crappy speed rating.
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I don't understand. Are you asking if that's a good deal? I was just explaining how you can get one for $16K without tax. So, no, $19K is not a good deal. If you're referring to the idiots at Paul Miller, stay away from them.
The price at Oxmoore is $16999 before tax for a manual. Even if I talked it down $1000 we're still looking at $17,500 after taxes.
I am probably going to buy a new automatic from Oxmoore tomorrow for $18,500 OTD.
Not bad if you ask me.
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If you can get a '10 Sport with automatic transmission for $18,500 OTD then sure, it's a good price. I'm thinking that you won't get the 0% financing at that price but you can always try. And by out the door, I mean that's what your final bill adds up to. After tax, title, licence, and doc fees.
My out the door price was $18,020 but mine was an '09 manual with a rear bumper guard added, though I also got three years of 0% financing with no money down and no payments for 90 days. The Illinois tax rate is either 6.25% or 6.5% though some municipalities add onto that.
My out the door price was $18,020 but mine was an '09 manual with a rear bumper guard added, though I also got three years of 0% financing with no money down and no payments for 90 days. The Illinois tax rate is either 6.25% or 6.5% though some municipalities add onto that.
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If we consider the bottom price for a 2010 5 to be about 17000 before factory cash discounts (currently 500 bucks), and an automatac to be a grand, then any price of 18000 or less + govenment fees (not dealer fees like doc, PDI, freight) is a good deal.
Ultimately, though, you are looking at paying 4500-5000 more for a new 2010 than for the 2009. If you are buying from a Mazda dealer, ask for extras like a factory warranty, new tires, accessories you may be considering purchasing like a roof rack, remote starter, seat covers, fog lights, or other items.
It is true that most cars drop in value at least 30 % in the first year of ownership. That is about 5000 bucks before considering the excessive mileage of the 09' model. Add the worn tires, dents and scratches, and used up warranty, and one can see the value dropping significantly. Use this as bargining power to get the best deal possible.
Ultimately, though, you are looking at paying 4500-5000 more for a new 2010 than for the 2009. If you are buying from a Mazda dealer, ask for extras like a factory warranty, new tires, accessories you may be considering purchasing like a roof rack, remote starter, seat covers, fog lights, or other items.
It is true that most cars drop in value at least 30 % in the first year of ownership. That is about 5000 bucks before considering the excessive mileage of the 09' model. Add the worn tires, dents and scratches, and used up warranty, and one can see the value dropping significantly. Use this as bargining power to get the best deal possible.
The website says both Sports are ATs. Did they tell you that the 5s are manuals?
Yeah, I saw them and they were both 5 speed manuals.
