Purchase incentives

New_car_shopper1New_car_shopper1 Member Posts: 12
edited May 2020 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.

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  • kyfdxkyfdx Moderator Posts: 207,791

    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?

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  • New_car_shopper1New_car_shopper1 Member Posts: 12
    CX-9 AWD Touring (w/premium package). 95123 zip.
  • kyfdxkyfdx Moderator Posts: 207,791

    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.

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  • New_car_shopper1New_car_shopper1 Member Posts: 12
    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 Moderator Posts: 207,791

    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.

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  • New_car_shopper1New_car_shopper1 Member Posts: 12
    What are your thoughts on $35.5K ($41K MSPR) before taxes and fees with the 0% APR?
  • kyfdxkyfdx Moderator Posts: 207,791

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

    Sorry, no idea on pricing.

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  • New_car_shopper1New_car_shopper1 Member Posts: 12
    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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