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2013 and Earlier - Mazda6 Prices Paid and Buying Experience

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Comments

  • jfritschjfritsch Posts: 958
    Check out edmunds and nada.com. I would think closer to 14k wholesale for the 4 cyl. Anyways, you are correct and 6 k is doable in July and August. Later too, but selection less. Really doesn't matter though. Putting 20 dealers in competition via email end of month and working it correctly will produce the lowest price. Whatever is doable you will find out.

    If that is a Hatchback auto sometimes the formula produces something like this if the manufacturer lowered the MSRP. I think nada publishes msrp for each model year. I thought the hatch was higher than 22k.

    Good luck
    --jjf
  • whwongwhwong Posts: 5
    The exact configuration I want is the i HB VE auto, MSRP should be at about $22.2k. So I should probably aim at a price of $16k or lower.
  • avljmaxavljmax Posts: 10
    I actually leased it last night from Montgomery Mazda in Charlotte, NC. Great, super easy buying process (I had called ahead for their best price).

    Here's the details:
    Mazda6i Sport Value Edition Auto
    MSRP $21,125
    Negotiated price $15,988
    Total cap cost $17,291
    Residual $11,618
    Base monthly payment $209.35 + $6.28 (tax) = $215.63

    This is a 36-month, 12,000 miles per year lease with $0 down and $0 security deposit.

    I love my 6 so far! Best of luck to everyone here and thanks for all the tips and advice I received!!!
  • sandman46sandman46 Posts: 1,798
    According to my calculations, that's the amount it'll cost for the 36 month lease. Being totally unfamiliar with leases, is the residual figure what you'd need to pay the dealer after the term is up to purchase the car? Don't quite understand why most people lease in the first place. The only advantages I can see is a car always under warranty and the ability to just walk away at terms end.
    What am I missing here? By the way, liked the seating better in the 6 than the 3s that the wife ended up buying in '05.

    The Sandman :confuse:
  • kyfdxkyfdx Posts: 72,847
    You just answered your own question...

    The only advantages I can see is a car always under warranty and the ability to just walk away at terms end.


    Plus, if you consider that residual as unrealistically high, then you are even farther ahead..

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • jfritschjfritsch Posts: 958
    Leases are mostly meant to be fleeces, and to keep payment buyers happy. You can keep a car under warranty by just trading it in every 3-6 years or so many miles.

    There is a tax advantage (which is touted to the max by salesmen) to the lease if you use the car for business, but this may be (largely?) negated with the average mediocre lease deals.

    I'm not saying there aren't deals to be had, but you have to do it the right way.

    --jjf

    You just answered your own question...

    The only advantages I can see is a car always under warranty and the ability to just walk away at terms end.


    Plus, if you consider that residual as unrealistically high, then you are even farther ahead
  • jeffyscottjeffyscott Posts: 3,855
    I don't understand leases either, never having gone that route. But, I'm pretty sure the residual is what you pay to buy at the end. I don't know what "total cap cost means", however :confuse: .

    If I add the monthly payments (excluding tax) and the residual, and then figure out the approximate effective interest rate based on the $16K price, I get about 7.5%. That seems like it's in the range of the market rate for car loans. The difference is that you are spending more on interest because the interest is on a larger balance than with a purchase. If you end up buying, it is as if you had a loan with a large baloon payment at the end.

    Really the only advantages are a lower monthly payment and a guaranteed trade in value, because if you want your car to always be under warranty you can do that by buying a new one every 3 years/36K mi or by purchasing an extended warranty.
  • dwynnedwynne Posts: 4,018
    It all depends on the lease terms. For example, two years ago Mazda had $2k in MAC lease rebates on RX-8 cars. They also had a money factor under 3%. I got mine for $500 under invoice less a $500 Gerber rebate then less the $2k in MAC rebates. So I was $2k ahead of where I would be if I purchased plus really cheap money. I ran the numbers, if I leased then purchased for residual (and financed that) compared to just financing from the start I would could out just fine.

    The lease bank is taking all the risk on future value, not you. In the case of the 8, resale and trade values are in the toilet. If you had purchased the car and financed you would be upside down a long time on the car. With the lease, the car may not be worth the buyout at the end - so you just turn it in and walk away. The 8 may be the first car I have ever had to turn in, in all my other lease deals I managed to find someone to buy my car at or before the lease was up. I made anywhere from a few hundred to a few thousand depending on the market and the car.

    The key to any deal - lease, loan, or cash - is getting a good price at the start, then getting a good finance package (if not paying cash). If you get the car cheap with cheap money, you will usually come out OK.

    The other thing "lease haters" don't get is the freedom of no trade in. I go get my new cars at cheap prices with no trade worries or hassles. Folks that hate (don't understand) leases probably also get ripped on their trade each time. If you do not sell your old car yourself, you are losing money - and most folks do not. So even if the lease cost is MORE than buying, losing thousands on your trade later will make that up.

    Dennis
  • I know it's not the best deal in the world, but we purchased an 07 Mazda6 HB SVE auto 4cyl for $19k after rebates and negotiation. We might have been able to get less if we waited the dealer out a little longer, but we paid well under invoice, and it was the only one we saw in the color we wanted (Tungsten Gray). This dealer also gave us the best value for our trade.
    I have always found that if you go into the dealer knowing what you want intermsa of car and price, and you're patient, you will be satisfied at the end. We waited the dealer out for four weeks, and ended up very close to our goals for trade in value and price on a very good new car.
    Heritage Mazda in Owings Mills, MD
  • I am looking to buy the Mazda 6s with the Touring package..I was wondering what are the kind of deals that are been offered on this car.
    Responses are very much appreciated :)
  • johno111johno111 Posts: 114
    Just picked up an 07 Mazda6 i Value Edition. Sticker price was $21,125 paid $17,988 plus tax & title. Best price I could get in the Pittsburgh Pa. area.
  • sandman46sandman46 Posts: 1,798
    What extras come on this model? Was at the dealership on Friday getting maintenance work done on the 3s and couldn't find any on the lot.

    The Sandman :)
  • johno111johno111 Posts: 114
    Value Edition adds
    1. 17" Alloy Wheels
    2. Side Sill Extentions
    3. Body Color Sport Grill
    4. Black trimmed tail lamp bezels
    5. Black color headlamp housing
    6. 8 way power driver seat
    7. In-dash 6-disc CD changer
    8. Leather wrapped sterring wheel
    all for like 4 or 5 hundred bucks over the base.
  • Got a quote of $23,990 from a dealer in St.Louis for a Mazda 6s Grand Touring style...the msrp was $28265. Is thia good deal?? How low can I go?? :confuse:
  • jfritschjfritsch Posts: 958
    The 06 grand touring s wholesales for about 18000 now with about 16000 miles on it so personally I would want to pay about 21xxx ish for a new one.

    Good Luck
    --jjf

    Got a quote of $23,990 from a dealer in St.Louis for a Mazda 6s Grand Touring style...the msrp was $28265. Is thia good deal?? How low can I go??
  • jeffyscottjeffyscott Posts: 3,855
    Well, since about $5000 below MSRP seems to be pretty available on the 2007 model, I guess I'd be looking to get maybe around $6000 off on a new 2006??? So a $4300 discount does not sound too great to me, but it all depends on how badly you want this particular car now and how interested the dealer is in getting rid of it.
  • moparbadmoparbad Posts: 3,869
    The 06 grand touring s wholesales for about 18000 now with about 16000 miles on it so personally I would want to pay about 21xxx ish for a new one.

    Good Luck
    --jjf


    What is the correlation between wholesale price of a used vehicle and the price of a new one other than "what you would WANT to pay"?

    There are rebates, invoice, holdback, marketing support(manufacturer to dealer), and supply and demand to factor into determining a best price for a new vehicle.
    With a rebate of $1750 and no manufacturer to dealer on the 07 Mazda6 i and s models it appears very unrealistic to expect a dealer to be over $4000 off in addition to the rebate.
    Perhaps there is something I am failing to take into account?
  • jfritschjfritsch Posts: 958
    $6000 is too much to eat 1st year in depreciation on a car in this price range.`(based on your quote) What you WANT to pay is about 15-20% (or better) over the wholesale price of a 1yr old used one. This is for 95% of production autos. Do check up on the 18000 wholesale price as I just ran the base touring model and didn't see the sticker and options.

    There are too many nameplates etc and a worldwide oversupply of manufacturing capacity to do otherwise. Eating $500/mo for the 1st 12 months is maybe OK for a $45000+ MSRP luxury brand but not here.

    Get 10 or so bids via email and Mazda website towards the end of month from dealers in a radius around your home on a vehicle close to your requirements. See where the bids fall and work with the best. This is the only way to find what is realistic.

    You are correct that supply and demand is part of the equation and if you find yourself cornered with one dealer holding the only tangerine green touring with fancy red border leather seats within 500 miles you are going to need competing bids to beat him over the head with and work the best deal with a good poker face.

    5000-6000 off MSRP is not uncommon on the 22000 special value 4cyl and such especially in August and go from there. The markup (and possible discount) should be better on the pricier model. Manufacturer to dealer cash is hard to gauge as much can be unadvertised and is obviously a card to be held close to the vest by the dealer.. The end of month gig usually flushes some of this out from a few.

    Good Luck
    --jjf

    The 06 grand touring s wholesales for about 18000 now with about 16000 miles on it so personally I would want to pay about 21xxx ish for a new one.

    Good Luck
    --jjf

    What is the correlation between wholesale price of a used vehicle and the price of a new one other than "what you would WANT to pay"?

    There are rebates, invoice, holdback, marketing support(manufacturer to dealer), and supply and demand to factor into determining a best price for a new vehicle.
    With a rebate of $1750 and no manufacturer to dealer on the 07 Mazda6 i and s models it appears very unrealistic to expect a dealer to be over $4000 off in addition to the rebate.
    Perhaps there is something I am failing to take into account?
  • kmwkmw Posts: 2
    Hi, I'm new here. After 12 years since my last new car purchase, I am considering MAZDA6 Sport Value Edition for my next new car purchase. My current car is a 1995 Infiniti G20t and I absolutely LOVED that car. It lasted 12 years with very few problems. Although I would like a new Infiniti G35, I just can't justify the purchase price of one. I was wondering if anyone would share their experience with owning their MAZDA6 and what your experience has been as far as performance, quality, reliability, etc. Thanks!
  • mz6greyghostmz6greyghost Posts: 1,230
    I was wondering if anyone would share their experience with owning their MAZDA6 and what your experience has been as far as performance, quality, reliability, etc. Thanks!

    I bought my '04 6S sedan in August of '04, after carefully weighing it against the Legacy GT and TSX. So far, it's been close to three years and over 50K miles, and I still smile when walking to my car in the morning! The performance of the V6 and 5-speed manual has been excellent. The handling is spot-on, with excellent steering feel, brakes that won't quit, and great visibility. Gas mileage with the V6 averages about 25-27 MPG (75% highway), and dropping a gear (or two) makes passing a breeze, both on the highway, and on a twisty two-lane, which by the way are absolute fun!

    The downsides? Few. The cloth seats aren't very durable, and look worn more than they should be (Mazda upgraded the cloth seats and material for '06, and I've heard that they're much better and more durable). The turning radius is big, making parking maneuvers a little more interesting than other midsize cars, but I've adapted. The only item requiring a trip to the dealer was a faulty gas cap that tripped on the "check engine" light, but was replaced under warranty. Other than that, I've only needed oil changes.

    From a G20t, I'll think you'll appreciate the extra room that the 6 offers, while maintaining excellent performance and a slight penalty in fuel economy. Go ahead, get the 6! :)
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