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Comments
I noticed the speed3 has "Rain sensitive wipers" while the speed6 does not. That could be one nice thing they could change for 07 - and who knows what else?
Thanks,
Dennis
Some dealers won't even acknowledge that there's an '07 model just yet, figuring it's a great way to get rid of their '06 models first. But yes, there's an '07, and it will be (temporarily) dropped when the redesigned 6 debuts in '08.
If it were not for that "FWD thing" I might just get a speed3. About the same HP and torque and is a 600lb (about) lighter car with tire pressure sensors and the rain sensing wipers. Stickers for less, but may sell for MORE than you would have to pay for a speed6 :confuse:
You would think if they make speed3 so similar (and in some ways better) than the speed6 then they would improve the speed6 to keep it ahead - and maybe help sell more of them.
Dennis
There are few option on the GTSW that amount to much other than the NAV system. Does it have remote start, auto dim mirror, etc? Those are all small change items in any case.
Invoice on the car is $25,627 with nothing else, less the $2,500 rebate = $23,127. So with no options your quote is $473 over invoice. Does this include the dealer prep or doc fee? If so, then that is not too bad - if the are going to tack one on top of that price then I would ask for a better price (closer to invoice).
The rebate runs out on Monday and may be dropped, renewed, or even increased. It appears there is an additional MAC finance rebate of $1,000 on top of the $2,500? I would probably get MAC financing and take the $1k more off, then if you don't get a nice rate just refinance the car through your bank or credit union after you get the car. As long as there is no early pay off penalty in the MAC contract this should be easy to do and save you more money.
This now a "dutch auction" situation. There are xx cars available equipped like you want in the colors you like. If you hang on, the dealer will get a little more desperate to sell and Mazda may increase the rebates - but other shoppers are saying "heck, with $3,500 in rebates and car near invoice I think I will take one". So your gamble is will they still have any cars when/if the rebates get larger. $3,500 total is a lot of money, I would guess that it would not go much more - maybe $3k with no MAC tie in or something. But if they don't sell with the current deal, it will either be sweeten it or sit on the cars.
And yes, if the dealers order too many 07 cars and they too don't sell then Mazda and MAC will likely have more rebates this time next year. They may not have has many loaded up or top in (like the one you are looking at) next year to sell since the pricier ones would tend to sell slower - I guess.
The warranty changed from 48/50k bumper to bumper to 36/36k bumper to bumper + 60/60k powertrain. So 10 more months and 10k more miles powertrain but less full car coverage. My guess would be to make the warranty more in line with what other car makers are doing. Folks that think they will stay in the car longer will appreciate the longer powertrain and those that trade cars a lot will not care one way or the other.
If this is the car you like, I don't think it will get much better so you might want to hammer the price down a little more then go ahead and get it while you can. Check out the MAC money to save another $1k as well.
The changes from 06 to 07 are supposed to be:
Enhancements to the 2007 MAZDA 6 include:
Auto dimming inner mirror and Homelink standard on Grand Touring
New trim grade structure
Added standard content that includes Anti-lock Brake System (ABS), Traction Control and Side Air Bags with Side Curtains on all models and trims
Two new exterior colors – Smokestone (sedan and wagon only) and Violet Gray
But I think the 06 GTSW has ABS, TCS, and SAB/SAC - right? The mirror can be added for a couple hundred bucks by the dealer.
Dennis
According to the "inventory search" on the MazdaUSA site, this is a 2007. Also, the VIN is for a 2007 car and the printed "window sticker" also says it's a 2007 but I haven't seen the car in person yet to confirm that. I'm assuming that the dealer rep knows what models he has in stock so I was surprised that the rebate apparently applied to a 2007 (this is the only 2007 M6SW they have versus 4 2006s).
I'm trying to avoid haggling in person as much as possible so I've only been emailing so far. The emailed quote said that it includes everything except "governmental fees" so I'm assuming/hoping that it covers all dealer fees. I'll confirm that by email or when I go in to see the vehicle. Interestingly, the dealer rep said that the rebate is nullified if I choose to finance via Mazda since I had read that the rebate and financing discounts could be "stacked".
I misquoted in my original post and the quote price was $23,800 instead of $23,600. It still seems like a lot of car for the money. If the gas mileage was a little bit higher I'd be a little less hesitant about going forward.
I heard a tale of someone who was sold a car, signed the rebate forms (assigning them to the dealer) only to have the dealer call them back in a few days asking for more money - seems the rebate was not on the car they purchased so they were being asked to make up the difference in cash.
They have the heavy incentive on the 06 cars to move them out - now that 07s are arriving or are on the lot. I can think of NO reason for them to put the same big rebate on the 07 when they have 06 cars sitting unsold.
Double check with the dealer or better still call MazdaUSA - I don't think this 07 car you are looking at has a rebate on it now - and may not until a LONG time off.
Dennis
On the "assign rebate to dealer" form there may or may not be some wording to cover this so what happens if it is not honored may be subject to what that says. In this case, the dealer told the buyer that he qualified for the rebate had him sign the form assigning it to the dealer and deducted that from the price of the car. I think it would be different if you claim to be a recent college grad (for example) and then they later found out you were not and withheld the rebate for that. The dealer should have known what was valid and what was not.
For all I know there is some secret rebate on 07 Mazdas that is not listed anywhere - but I seriously doubt it. This is September, soon to be October, of the new model year. Way too early to panic and stick money on a new model. For sure a dumb move to offer the same or similar money as they have on the left over 06 cars.
Dennis
Our thinking was the same with regards to comparing the pros and cons of the 2006 to 2007 models. In the end, I thought the 2006 model was the way to go, and so bought one today. Silver, Mazda6s, V6, 5-speed. It's the only V6 5-speed in central Ohio, and it's exactly as I wanted. My dealer sold it at invoice, minus $3500.00 rebate ($1000.00 of that was because I financed through MAC). It has cloth seats, but I take it in later this week to have two-tone leather and heated front seats added at no cost. The 2006 Mazda6 has got to be one of the best deals going right now.
How good (or bad) was the MAC rate? What folks were doing last year on RX-8s was taking the MAC money and then re-financing right off with their bank or credit union. At that time the MAC rates were not very competitive....
Dennis
Thanks. The MAC rate was terrible - 7.99%. Yeah, I'm going to refinance in a few months.
Bob
Thanks,
Dennis
I don't know about your dealer..but we will re-fi any qualified customer thru one of our banks or credit unions at no charge.
Thanks for clearing that up -- that's exactly what I thought, but wasn't sure. What if I make my first monthly payment plus two up-front payments to MAC in, say, the first month, then refinance? Does that keep my friends at the dealership? Or is there something necessary about waiting three months?
The selling price for the 6 was $18508.00, before taxes and fees, and not including my trade-in. Basically, the selling price. My dealership treated me really well, probably becuase I had just bought a 2006 MPV for my wife 13 days before buying the 6. I was definitely his best customer of the month.
Let me tell you, driving this car, I can tell you it was a steal.
From me also, congratulations on the new car!
Yes, I agree that what level car you get for the price right now, it falls into the "steal" category. The way I define it, it you get a good price it is a "deal". If you get a great price, it is a "steal".
I just got the absolutely plain "S" version, manual v-6. As I recall, the invoice on it was $18,308 after the $3,500 off. I offered $17,800 and they accepted. Then it was just tax, title, and license on top of that. No other fees. So $508 below invoice.
I don't know the value of the leather seats, but I would imagine it would come in at more than $508, so you got an exceptional deal also.
I am fine with the cloth seats, but would prefer the leather.
The finance guy said that I could pay off the Mazda credit loan after one month (essentially the time it takes to have the first payment come due), with no effect on the $1000. I think I will contact the dealer, though, and see if he indeed has to eat the $1000 if I pay it off before 3 months. Because if Mazda would do that to him, seriously, I will just wait the 3 or 4 months or whatever. It won't cost me THAT much, and goodness, let the guy make a little money. Yes, my Mazda loan was 8% as well.
I haven't heard. Did Mazda extend the deals on the remaining 2006 Mazda6's?
I have only driven it about 400 miles so far. I really like it. I got 24.6 miles per gallon with 330 of the miles being city driving, so I am very pleased with that. I haven't been putting the foot into it, though.
Sounds like we both got good deals. Our cars are identical -- well, until later today, when the leather and heated seats will be installed on my ride I think they sell the leather package for $1200,00 - don't know their cost though.
Yeah, I don't want that $1000.00 to come back to them either. But the lowest interest rate I can refinance at is through my Credit Union, and the catch 22 is that, after 90 days, the car will no longer be considered new, and so I will get their used car rate, which isn't as good. So I'm hoping that making up-front payments to MAC will satisfy them and prevent the charge-back.
24.6 - that's excellent! Hope to see the same, I've also been babying it. It's enough to know the power is there when I need it.
I agree that you don't want to hose the dealer, but as you said a "refinance" rate can be a lot higher than the new car rate and if you can get the new rate now then it would save you a lot of money. It seems like MAC brings this on themselves, if they would offer a fairly competitive rate to folks with good credit (the ones that will refinance when they get a bad rate) then folks would not do this. I can understand a high rate for weak credit, but when you qualify for a prime rate and they give you the bad rate - not much choice but to re-do the loan (after taking their money).
Dennis
I would say on the 06 models the amounts may go up at some point or they will remove the tie in to MAC financing. Usually after that they remove the rebates give the dealers $xxxx per car as a final buy down and then it is up to the dealers to get rid of the old cars. Usually about this time, the car search on the MUSA web page quits letting you search for 06 cars and will not show anything in any dealer inventory except 07 cars
Dennis
The dealer and MAC can lease you any other mazda6 model. It may or may not be as good a deal as the special, you have to just look at the numbers and see.
So all the deal tells you is at a participating dealer you can walk in with a certain amount of money and drive out with a certain payment (plus TTL). Of course the other models are not included in this deal, since if they offered a GT for the same price as an i everyone would pick the GT
At the bottom of the specials page are the rebates with footnotes
2006 MAZDA6 Sports Sedan and 5-Door Up to $3,000 Customer Cash
2006 MAZDA6 Sport Wagon Up to $3,500 Customer Cash (1)(3)
1) Take new retail delivery from dealer stock by October 2, 2006. See dealer for complete details.
(2) Includes manufacturer's customer cash plus $500 MAC bonus cash to qualified buyers when financed through Mazda American Credit. Manufacturer's customer cash of $2,500 on all '06 MAZDA6 Sports Sedan and 5-Door; $2,000 on all '06 MPV; $3,000 on all '06 Tribute; $1,750 on all '06 B-Series.
(3) Includes manufacturer's customer cash of $2,500 plus $1,000 MAC bonus cash to qualified buyers when financed through Mazda American Credit.
So you can get a rebate on any 06 mazda6 the amount varies with model and if you finance with MAC.
Dennis
Mazda has update the rebate info on their web page (and as I predicted) it runs through 10/31.
(1) Take new retail delivery from dealer stock by October 31, 2006. See dealer for complete details.
(2) Includes manufacturer's customer cash plus $1,000 MAC bonus cash to qualified buyers when financed through Mazda American Credit. Manufacturer's customer cash of $2,500 on all '06 MAZDA6 Sports Sedan, 5-Door and Sport Wagon; $2,500 on all '06 MAZDASPEED6; $1,500 on all '06 RX-8; $3,500 on all '06 MPV; $3,000 on all '06 Tribute; $1,750 on all '06 B-Series.
It is now $2,500 on all mazda6 models plus $1,000 for MAC financing for a total of $3,500.
Are you talking about a sedan? The invoice for an 06 sedan grand touring is $23,372 then less the $3,500 = $19,872 plus dealer fee, tax, title, and tag. Say the dealer fee brings it to $20,100 without TTL, the MAC rate may be 8% for 60 months or higher. You pay $6k down so you would borrow $14,100. At 8% this would be $285.90 a month and this does not count your taxes and stuff. Even at a primo interest rate like 6.35% this would be $274.89 per month. So I can tell you with taxes and stuff it is not going to happen.
If you settled on the i sport w/auto the invoice is $21,486 - $3,500 = $17,986 + dealer fee and TTL less your $6,000 down. Again without taxes this would put your payment at 8%/60 months at $247 so with taxes a bit more.
So, you either need to settle for less car (the base 6 or maybe a mazda3), pay more down, or pay more per month, or perhaps a lease. If you do a lease, then avoid putting ANY money down at all - it makes no sense to do so.
Dennis
Dennis
Thanks for your help,
Simon
2006 MAZDASPEED6 Sport $269/Month, 24-Month Lease, $2,544 due at Lease Signing after $3,500 cash back. Includes 1st Month's Payment and Security Deposit. Excludes taxes, title and fees. ** * The Amount due at Lease Signing is higher in the following states: Arkansas ($2,888); Kentucky ($2,991); Louisiana ($3,094); and Missouri ($3,215). ** Dealer participation required. Not all lessees will qualify for lowest payment through Mazda American Credit. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 24,000 at $0.15/mile. Total payments of $6,456. Purchase option at lease end for $17,193. Take new retail delivery from dealer stock by 10/31/06. See participating dealer for qualifications. Includes $500 MAC lease cash.
Step 1 is to negotiate the price of the car. You should be paying around invoice for the car (it is a left over 06) or a little less, then take off the $2,500 rebate everyone gets. Then if you do MAC financing you get another $1,000 off and then $500 more off if you do the lease. So you are looking at invoice - $4,000 or a little less if you do a captive (MAC) lease or $2,500 under if you do not.
Step 2 would be to decide on a term, if leasing - I would be tempted to do the 24 month "special" lease to try out the car. At lease end, you can buy it for $17k or just turn it in and get something new. Otherwise I would go for the 36 month lease. 48 months is a LONG time and it can be very difficult and expensive to get out of a lease should you decide you want something else.
Invoice on the speed6 sport is $26,393 so $23,893 w/o MAC, $22,893 with MAC financing, and $22,393 with a MAC lease.
Step 3 would be to get a firm lease quote based on your negotiated price and selected term. Check the residual to see how "real world" it is and see what money factor you are offered. You are not limited to what the dealer offers you, either. You can go through a lease broker like LeaseCompare and they will buy your new car at the price you negotiated and then lease it to you. On a left over 06 model that is a slow seller, captive lease banks like MAC will likely be cheaper - but you should still get a quote so you can know how good or bad the dealer's offer is. At the link for LeaseCompare you can get an instant and free online quote. Based on a 730 score, $28,555 sticker and $23,893 purchase price on 06 speed6 comes up $400/mo for 36 months or $390/mo for 39 months with residuals just under $14k.
If the dealer does not disclose the money factor (it normally never appears in a lease contract anyway) if you post the rest of the numbers we should be able to solve for it.
Keep in mind on the lease special (or any other lease) the amount you put down is up to you and just changes the monthly cost. Also some or all of the $2,544 due at signing on the MUSA lease special can be made up in discounts from the dealer. So you might be able to do a lease that cheap for nearly nothing out of pocket. MUSA does not show the new cap cost on their lease deals which makes that something we can't figure.
Dennis
But, why ask...when it is too late to do anything about it :confuse:
"But, why ask...when it is too late to do anything about it"
I'm just curious.
Unless there were some outlandish fees added on or there are some hidden incentives, hard to believe they would sell for $1000 less than this.
Bought at Faulkner Mazda, Northeast Philadelphia.
so far the shift feels ok to me, I saw someone here mentioned a clutch burn out after 45k miles in his Mazda6, which suprised me a lot. usually a clutch should be able to work for at least 100k miles. anyway, good luck to my mazda6. zoom~zoom~
The price, quoted over the internet, was $17,400 and some change + TTL (6% and about $120 in fees), MSRP was $20,395. Included in the price were $1000 cash back and $1000 bonus cash if financed through Mazda Credit which we did. The $995 off the MSRP came from special dealer pricing, which pretty much meant invoice - incentives. Buying experience was excellent, and that's the first time I say that, although we didn't get offered a coffee or a drink, shame Bought it from Hamilton Mazda in Irwin, PA. I threw them a curve ball to make the deal. My wife's old car needed a detail job, so when the infamous "what would it take to...." qustion came, I said, full detail on that Alero will do it. Just picked it up this morning and it looks brand new. As far as the 6 goes, I am yet to drive it (it's 5 days already), but I do like it as a passanger. Wife doesn't like it, she misses her lemon Alero... she will come around once she can zoom zoom, after break in period is over.
I just wanted to mention, that I got another internet quote from local dealer and it was 19,300 and included $2000K cash back, but did not include TTL.
Last thing, more of a warning:
I though I did my research, but apparently I didn't consider insurance to be a factor. My agent gave me a little shocker the next day, when it turns out that 6 is high on insurance. The Alero is a 13, and the 6 is 18, which translates to $350 more a year for full coverage. I guess the zoom zoom doesn't help in this case, nor the Sport Sedan in the name. Makes me think, if that 5 star rating and all the safty gear that 6 has really mean anything to the insurance companies.
'06 Speed6 Sports have been selling between 7-8.5k off MSRP for months! I have also seen '06 Mazda6 about $8k off too. Invoice less incentives is only a starting point for dealers at this stage of the game.
Check post dates before engaging fingers.
I have a final offer of $17,500 (roughly $7,000 off the sticker) for a 2006 6s. This is a auto in silver with grey cloth interior, also with no options. Price is including destination, but no taxes and fees. It is including the $1,000 MAC Cash. I think I could push them for another $500-what are your thoughts?
The 2008 is supposed to have the new Ford/Mazda 3.5liter V-6 engine. And it is supposed to be roomier in the back seat. And the styling has changed--substantially as I recall.
I used that same logic last September regarding the 2006 I got, and I didn't have to haggle or argue. I just named the price and told them to tell me yes or no, and if no, I'll see you in fall of 2007.
Let us know what happens. Honestly, either way, in my opinion you are getting a lot of car for that price. But, hey, $500 is $500.