To start, I've been working in Collateral loans for a major bank for the past 3.5 years so I was aware for the most part on how to crunch numbers and haggle with the dealership. The biggest part where I came out on top was haggling for more on my trade in, which given I had 86,000 miles on my trade in and there were some serious scratches and such, I actually received more than what I should have as far as "Dealer Trade in" pricing is concerned.
I purchased my 2011 Mazda2 Touring on 08/08/2010 for $18,282.97 OTD (Including tax, tag and title). I financed the amount at 4.90% through BB&T @ $294.20/mo for 72 Months. The breakdown is as follows:
Invoice price: $17,075.00 (Including a $750.00 Destination charge)
Dealer Fee: $598.00
Gap Insurance: $700.00 (this is a bit much for Gap Ins. but since their Gap covers up to 120%, I gave them the benefit of the doubt)
Tax, tag & title: $1,177.00 (Approx.)
Amt owed on Trade (05' MZ3): $6,500.00
Amt received for trade in: $7,500.00
Cash Down: $300.00
Total Amount Down: $1,300.00
Grand Total Financed: $18,282.97
After looking over the figures a couple times, I really got a nice deal. I'm very happy with the price I paid for the vehicle and even more happy with the car. It's tons of fun to drive and amazing on gas. Here's a quick pic if you'd like to see
Zoom-Zoom!
I purchased my 2011 Mazda2 Touring on 08/08/2010 for $18,282.97 OTD (Including tax, tag and title). I financed the amount at 4.90% through BB&T @ $294.20/mo for 72 Months. The breakdown is as follows:
Invoice price: $17,075.00 (Including a $750.00 Destination charge)
Dealer Fee: $598.00
Gap Insurance: $700.00 (this is a bit much for Gap Ins. but since their Gap covers up to 120%, I gave them the benefit of the doubt)
Tax, tag & title: $1,177.00 (Approx.)
Amt owed on Trade (05' MZ3): $6,500.00
Amt received for trade in: $7,500.00
Cash Down: $300.00
Total Amount Down: $1,300.00
Grand Total Financed: $18,282.97
After looking over the figures a couple times, I really got a nice deal. I'm very happy with the price I paid for the vehicle and even more happy with the car. It's tons of fun to drive and amazing on gas. Here's a quick pic if you'd like to see
