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Purchase incentives

New_car_shopper1New_car_shopper1 Posts: 6
edited May 24 in Mazda
Does anyone know if Mazda financial charges a fee when purchasing a vehicle with 0% APR and if the APR Customer Cash offered in conjunction is a rebate like normal customer cash? I have a dealer telling me with 0% the selling price goes up but that Mazda offers the APR Customer Cash to negate some of the price increase.

Comments

  • kyfdxkyfdx Posts: 171,093

    Does anyone know if Mazda financial charges a fee when purchasing a vehicle with 0% APR and if the APR Customer Cash offered in conjunction is a rebate like normal customer cash? I have a dealer telling me with 0% the selling price goes up but that Mazda offers the APR Customer Cash to negate some of the price increase.

    Which model and trim?

    What is your location?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • CX-9 AWD Touring (w/premium package). 95123 zip.
  • kyfdxkyfdx Posts: 171,093

    CX-9 AWD Touring (w/premium package). 95123 zip.

    Standard rate or 3rd party financing
    $1500 Mazda to dealer incentive
    $500 customer rebate

    0% 60 month financing
    $0 Mazda to dealer incentive
    $1000 customer rebate

    Net cost to customer who opts for 0% financing: $1000.

    That's still a good deal for the financing.
    Assuming $40K financed at 3.5% APR, the interest paid would be $3660 over the 60 months.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thanks. That is REALLY helpful to know. The price increase I am seeing is the differential from the "lost" Mazda to dealer incentive.

    Would you happen to know if I paid cash, if the dealer still gets that $1,500 Mazda to dealer incentive or is that only if I finance at standard rate or 3rd party?
  • kyfdxkyfdx Posts: 171,093

    Thanks. That is REALLY helpful to know. The price increase I am seeing is the differential from the "lost" Mazda to dealer incentive.

    Would you happen to know if I paid cash, if the dealer still gets that $1,500 Mazda to dealer incentive or is that only if I finance at standard rate or 3rd party?

    Cash, third party finance, or Mazda standard finance rates. The dealer gets $1500 on all.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • What are your thoughts on $35.5K ($41K MSPR) before taxes and fees with the 0% APR?
  • kyfdxkyfdx Posts: 171,093

    What are your thoughts on $35.5K ($41K MSPR) before taxes and fees with the 0% APR?

    Sorry, no idea on pricing.

    Edmunds price tools:
    https://www.edmunds.com/new-cars/

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdx said:

    What are your thoughts on $35.5K ($41K MSPR) before taxes and fees with the 0% APR?

    Sorry, no idea on pricing.

    Edmunds price tools:
    https://www.edmunds.com/new-cars/
    No problem, I appreciate the information you were able to share!
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