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Discussion Starter #1
Is it possible that the finaincing prices will drop over time...like say spring or sumemr i could get a lower rate...here is 4.9% at 48monthgs...8.9% at 60 months..this is in Victoria BC...Canada.

they also quoted me something like $28.000 something for the car with taxes...7% and 7.5% taxes here....

it was a 2004 sedan, GT, Gfx package, 5spd with leather, and black if that makes a difference


thank you for your help and mind my spelling on finaincing haha
 

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financing*

But as for rates: I think CDN and American rates differ. But plenty of CDNs here to help answer your question.
 

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Financing rates drop over time? Not too sure on that one.
I believe the financing rate is related to the Canadian Interest rate, which at the moment is at a very low point at.

If anything, I see financing rates going up... unless Mazda wants to get rid of the car (there was 0% financing for the Protege lineup, and 0% financing on my 2000 Mazda MPV [that got remodeled in 2001, I think]). But that's really the only case. Give the MZ3 a few years and you might see some aggressive financing to compete with the competition (who NOW have to catch up to Mazda).

$28,000, in my opinion, is a little high for the car you described. If it had A/C and an automatic transmission, I'd pay that much. I think it's high because of the hype factor of having the car JUST released.

As of current, I think the financing rates are quite reasonable.
(But hey, I'm just an economist... :wink:)
Good luck!
 

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My local dealer said yesterday (Friday Jan 2) that he expected the rates to drop in the coming months. We were talking 3-6 months

He also said at that time that they'd be more willing to negotiate on price, since the Proteges would likely be gone by then
 

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Mojo said:
My local dealer said yesterday (Friday Jan 2) that he expected the rates to drop in the coming months. We were talking 3-6 months

He also said at that time that they'd be more willing to negotiate on price, since the Proteges would likely be gone by then
Yes rates will drop but in about 6 months....not before. The demand is too strong. And compared to American cars, the Japanese automakers have seen their sales going up last year.

The lease rate on 48 months in Canada by Mazda for the 3 is 7.5% which is very high compared to other car companies and even other Mazda vehicules. The only Mazda car with a higher rate is the RX-8...
 

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IMO, if you wait til around March or right around the beginning of summer, there should be some decent deals. Many dealers are getting there inventories in February and will start moving them more agressively once they don't have the leverage of limited supply. I don't know much about the canadian pricing and APR, but all I can say is I'm glad that my dealer didn't offer me 8.9 for 60 mnths. I think I might have crapped myself.

It looks like the MSRP on the car you're talking about is 23,095 according to the mazda.ca site. Maybe I missed something, if that is the case, I would pass. I would never pay over MSRP, but maybe it's not the same in Canada.

Craig
 

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TellyDSP said:
IMO, if you wait til around March or right around the beginning of summer, there should be some decent deals. Many dealers are getting there inventories in February and will start moving them more agressively once they don't have the leverage of limited supply. I don't know much about the canadian pricing and APR, but all I can say is I'm glad that my dealer didn't offer me 8.9 for 60 mnths. I think I might have crapped myself.

It looks like the MSRP on the car you're talking about is 23,095 according to the mazda.ca site. Maybe I missed something, if that is the case, I would pass. I would never pay over MSRP, but maybe it's not the same in Canada.

Craig
I hope your opinion is correct about deals in March because that is when I should be buying.: :D

Also, in the U.S. the rate for 60 months is 3.9%.
 

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lmp180psu said:
TellyDSP said:
IMO, if you wait til around March or right around the beginning of summer, there should be some decent deals. Many dealers are getting there inventories in February and will start moving them more agressively once they don't have the leverage of limited supply. I don't know much about the canadian pricing and APR, but all I can say is I'm glad that my dealer didn't offer me 8.9 for 60 mnths. I think I might have crapped myself.

It looks like the MSRP on the car you're talking about is 23,095 according to the mazda.ca site. Maybe I missed something, if that is the case, I would pass. I would never pay over MSRP, but maybe it's not the same in Canada.

Craig

I hope your opinion is correct about deals in March because that is when I should be buying.: :D

Also, in the U.S. the rate for 60 months is 3.9%.
That 3.9 promotion ended yesterday.
 

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The 3.9 ended on 12/31. Thats what I got, I think I would have walked at 8.9. There should be another financing promotion in the future though. I believe my dealer also mentioned better dealers in March/April when I talked to him about it. No gaurantees, but I hope they come around when you're ready.
 

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Discussion Starter #11
...

do you give them a down payment..for instance myself im puttin 10g's down..to i give them that when i order the car, or when the car arrives??
and when would my finiancing rate come into play..when i order or when it arrives...if it drops by the time the car comes in is that the rate i would get?? they told me 3 months for the fricking car to come in!

will they tell me if there is going to be any upcommin deals or is there anywhere wheere i can find anything?
 

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Not positive, but I believe if the car is coming off of the boat with your name on it, you would need at least a deposit, i don't know about 10 g's though. The down payment just needs to be paid when you get the keys. As far as financing, I'm not too sure. My dealer told me that the financing applies to when you take posession of the car and do the paperwork. I had asked him abou buying a car that was coming off of the boat and he said that the financing now would not apply then. I don't know how much truth is in this. I would look further into that. The best thing to do would be talk to a dealer and see what they need and when. If you run your paperwork now, and pick the car up when it gets here, then you should get the current incentives, plus you would put down the 10k now. I personally think you should only put down 5k, that way you can give the other 5k to me. :D

Craig[/quote]
 

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Discussion Starter #13
christmas is over! nice try heeheh
thanks for all the help guys.
 
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