Just bought a deep crystal blue AWD Touring this past weekend in Upstate NY.
MSRP of 27,400, bought for 25,478 before TTL, with only the $500 Mazda capital credit. And there's no prepayment penalty if you finance with Mazda. Could've gotten 25,300 from a dealer that was significantly further away but wasn't worth the drive.
So, one can take he $500 discount by accepting the financing, then pay the entire loan off with no prepayment penalty? Assume a $16,000 loan with current offer of %.9 . To pay entire loan off would be $16,144
$500-$144=$356. So do we actually only realize a benefit of $356? Are there any application fees for applying for the credit that would also detract from that $500?
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