As others have said, I don't believe Mazda has room to move.Unsurprisingly, sounds like Mazda will remain stubborn with its pricing despite the inventory pile-up:
Said Koga: “We will prioritize selling cars from the piled-up inventory and try to regain cash without getting caught up in incentive competition in the market.”
Mazda's Momentum Has Been Wiped Out
Mazda isn’t great, Henry Ford III is rising, and the cops visited Tesla’s Fremont factory. All that and more in The Morning Shift for May 14, 2020.jalopnik.com
From the model names, I assume that you're in Canada.Hi. new to the forum. will be test-driving my first Mazda CX-5 tomorrow(2020 GS FWD model / red). My question is if I close a deal tomorrow what are the odds that I will be able to drive it home the same night? I will not be getting anything done to it. TIA
From the model names, I assume that you're in Canada.
I can't speak for the Canadian dealer structure, but in the U.S. I've closed the deal on multiple new cars and driven them home within hours.
In one case, we agreed on price at closing time.
They had a couple of folks stay late to prep the car as I finished the paperwork ... and I was on the road within an hour.
Shopping for 2020 CX5 Sig. So far the best quote I can get:
MSRP: 38,500
Mazda Rebate: 1,500
Sale Price: 33,300
Doc&Til: ~ 33,300
Tax: **
Above price is for cash or standard APR rather than 0% APR.
Should I pull the trigger? Is there any more room to negotiate?
And maybe there's more profit margin built into the Signature, so more room to move.Not basing this on any information, just a thought. I would guess that while there are fewer reserves, they are also sitting on the dealer Lots. I think my dealer had 4 signatures, and after I bought one two weeks ago they still have three left
Great info.That's real close to my deal. I got another $500 healthcare worker (they're also offering $500 military) So I that would bring your deal to $32,800. Mine was $32,495 which no other dealer could touch, so I'd say your $33,300 before ttl is good. Hey, maybe print of my post and he can do the $32,995 (my deal plus back the aforementioned $500. My favorite words on the phone are "if you can do this, I'll be in tonight"
Did you pay extra for the window tint and connected car tech?1st post, also on Miata.net. Since I got what I believed to be a a smokin' deal on a 2020 Signature, I didn't argue about the ridiculous doc fee. The $2,000 rebate was $1,500 loyalty and $500 healthcare. Anyway, bottom line sale price of $32.495 & doc of $598 = $33,093 & ttl. I don't look at Out The Door, just everything before that since TTL is on every car and doesn't go to the dealer. Short version - MSRP $38.708 to sale price of $33,093 inclusive of doc fee = 14.5% off MSRPView attachment 224631View attachment 224629
Great info.
Did you cash out or finance it? Is it worthy to wait couple of weeks to see the price can drop more or not? Feel like there is not a lot of margin on Mazda CX5. Maybe can save another $500 in best case.
Did you pay extra for the window tint and connected car tech?
Hello,
I just bought myself a 2020 Cx-5 Touring Awd with preferred pkg in Soul Red color.
I have mixed opinions about my deal as I feel I really got a great deal but then I feel scammed due to some financing that I had to take with them and pay it out in 3 months as I could afford cash.
My deal:
MSRP = $31,415
Got it down to 28.5k OTD (had 1k health care incentive)
Here comes the kicker, I haggled to get it to 27k OTD but had to take their Wells Fargo bank financing at 5.4% but the dealer said that I can pay it off in 3 months as he is sharing his bank incentive with me and I should not pay it off before the 3rd payment.
Do you guys think 27k OTD is great and that financing BS is not a trap?