2013 RSpec 2.0T
 

VEHICLE PRICE $26,500

DOWN PAYMENT $1,100

TRADE-IN VALUE $19,500

TRADE-IN BALANCE $22,000

LOAN DURATION 72 MONTHS

APR 3.00%

EST. MONTHLY PAYMENT $394



KBB FINALLY shows my MS3 at 19500 for trade in. Once I get my tax return back I'm going to head to the dealer here and Talking to them.

oooo Very nice!! How many miles are on your mazda? Im just curious

18200.

As soon as you get it, order a tune from BTRcc on a spare ECU. Seriously, the words I'm hearing are that the 2013 2.0T responds great to a simple canned tune... like on-par with a modded V6

I'd sell privately and come at the dealer with cash.



A 72 month loan is going to cost you a few grand in interest straight up, plus you're at the dealers' mercy in terms of trade in value and price. Walking in there with a stack of paper makes it far, far easier to negotiate and you don't piss money up against the wall with some silly loan.



:cent:

yeah I thought about that but kbb says private sale is only 21k so i'd still be 1k in the hole. =\

plus selling privately has a tax impact. If you trade in a vehicle, I don't believe you pay sales tax on the trade-in value. If you sell locally, you may have to claim it as income (don't think so, but maybe?) and when you go to buy the vehicle with that cash, you're paying sales tax on that $18k+ (which, at 6% is over $1,000)

subscribed for "OMG! They sold it yesterday!" post.

Some dealers will let you do a sell through them. Not sure who gets screwed with the deal, but if you find a buyer that needs financing bring them with you and have them buy it on the spot via that dealer. I think it still gives you the tax benefits and get more for the "trade in". Also, you can roll the 1k against the other loan or wipe it out with the downpayment. Instead of having to deal with the bank and them not letting the title go because you would owe them the 1k. Also doing a private sell you dont have a financing department if the person who wants the mazdaspeed doesn't have a loan ready to go.

If those numbers are what you're expecting, you're going to be in for a rude shock. The trade in value on your car is 19,500 in excellent condition. No dealer, anywhere in the country will offer you that much unless they're making it up somewhere. The "fair" condition value is a more accurate number. In your case, that's $16,700 (With the technology pkg, nav and HID's. Less without those options). So, the difference between the new car and your trade is $9800. Sales tax in your area is 6.5%. That's $640 in tax. So, $26,500 plus tax is $27,140, minus your trade in is $10,400, plus your balance is $32,400. Subtract your $1,100 down is $31,300. Financed for 72 months at 3% is $475.56. I expect the dealer to come at you with an offer of $2k down and $500/mo. They'll start haggling from there.

Add gap insurance to that as well!