Hi all,
I just found out by accident that the interest rates for leasing the CX-5 have gone up 1% in Canada, from 3% to 4% on a 3-year lease, and 4% to 5% on a 4-year lease.
Mazda.ca announced on May 1st the previous interest rates that were valid "until May 31st". I know we're in a free market, but I just feel this is another case of Canadians getting ripped off 25% to 100% on everything they buy. The dealer says the rates went up around May 15th...
I ordered my CX-5 in April, and I'm still waiting for it. While I've been waiting, Mazda has made my car $37 more expensive every month, before I even start paying. The dealership first told me I would get it in July, so I guess Mazda Canada has enough time to raise the interest rates another 2% while I'm waiting... I know they can do whatever they want, but I can't help but feel cheated! I could probably go get a basic Audi A4 Quattro with the price difference!
Right now I'm not happy at all (if you couldn't tell) and I'm thinking about :
- buying it instead, although I would rather not buy this 1.0 version of a new vehicle
- breaking my contract and getting any other brand, lots of them are offering interest rates that reflect the market and economy (0%, 1%, 2%)
Good luck to everyone still waiting in rip-off Canada!
I just found out by accident that the interest rates for leasing the CX-5 have gone up 1% in Canada, from 3% to 4% on a 3-year lease, and 4% to 5% on a 4-year lease.
Mazda.ca announced on May 1st the previous interest rates that were valid "until May 31st". I know we're in a free market, but I just feel this is another case of Canadians getting ripped off 25% to 100% on everything they buy. The dealer says the rates went up around May 15th...
I ordered my CX-5 in April, and I'm still waiting for it. While I've been waiting, Mazda has made my car $37 more expensive every month, before I even start paying. The dealership first told me I would get it in July, so I guess Mazda Canada has enough time to raise the interest rates another 2% while I'm waiting... I know they can do whatever they want, but I can't help but feel cheated! I could probably go get a basic Audi A4 Quattro with the price difference!
Right now I'm not happy at all (if you couldn't tell) and I'm thinking about :
- buying it instead, although I would rather not buy this 1.0 version of a new vehicle
- breaking my contract and getting any other brand, lots of them are offering interest rates that reflect the market and economy (0%, 1%, 2%)
Good luck to everyone still waiting in rip-off Canada!