swerver

Forgive me if this question is somewhat ignorant but I always buy used cars so I'm a bit behind about the new car buying experience. Anyhoo...........

My pockets are not bottomless. Does anyone have any ideas, conjectures, hypothoses or just plain horse sense about what/if Mazda will be offering on the incoming 2006's in the way of rebates?

It looks like its pretty much standard to get an automatic $1500 back on most of their models but nothing is listed (YET) about the '06 8's.

Will a rebate be forthcoming? Will I have to wait awhile till the incentives kick in? Can I just assume to subtract $1500 from my numbers I've put together?

Any advice would be greatly appreciated!!

Waiting impatiently till mid-April (or so I'm told)

DarkBrew

I thought they weren't even delivering the 2006 RX-8 yet

swerver

06's are on the boat. Supposed to be here (where I live) around mid-April

BunnyGirl

Some 06's are at port already (California) as of, I think, Tuesday. My dealer said they aren't listing incentives for them until they are actually delivered to dealers which is two to three weeks away, it appears.

RX26b

I certainly wouldn't assume that there would be an instant rebate on a car that just made landfall from its trek across the ocean.

The 3 never had a dime in rebates (and still doesn't), and it's been around for a couple of years.

Realistically however, I'd expect a grand, or a grand and a half within a few months given the 8's declining sales history.

BunnyGirl

My dealer told me I more likely than not quality for the first time buyer discount (first car ever, brand new ones only). It is supposed to be $1500. That will be nice because I am also going through Costco so it costs me $400 over invoice to start with. I would love extra incentives on that but I am not going to push my luck there. I am not doing MAC financing since it is a ripoff and I am going through the credit union for 84 months since I have had recent financial "issues."

Ike

84 months??? No offense, but if you need to finance a car for 84 months then you need to buy a cheaper car.

NoTears316

I have to agree, Bunny. A 7 year finance plan is terrible.

BunnyGirl

I was going to do four or five years depending on the price difference. However, my job situation since December (and now finding out the problems are permanent ones and not temporary) has caused me to go to 72-84 months. I am waiting to hear on my new jobs I interviewed for but the significant pay shortage caused me to spend a bunch of my down payment money and I opted to spend more of it to pay down toward my medical bills to lower the payments on those. When I get back working decent with a better job and most likely this crappy one part time until the end of the year, I will be able to make double payments or at least 1-1/2 payments, so it will definitely be paid off before that time. I have just been having a temporary set back currently so it made me change my plans. If I get my new job really soon and about two paychecks before the car gets here so I can see how the budget pans out, I will probably opt for the 60 month plan, possibly 72 at most. Had I not been having the work issues at all I would have been able to get the car paid off within two years. In any case I will not be making payments for seven years. I agree seven years sucks and is a bad idea, particularly since people don't generally keep a car beyond three. I fully intend to keep my car longer than that and have no intention of trading it, selling it, or whatever before it is paid for and owned outright. If things work out the way they appear to be headed right now, I should have the car paid for in four to five years. I just don't want to get stuck with a massive payment in case in the future I end up with another wage issue. Another good thing about that, too, is that it makes the payment smaller and makes it easier to pay ahead which then affords the option of "skip payment" if an emergency expense comes up or something happens because I will be paid ahead.

I discussed it with the credit union to see what could be done about my loan preapproval for 60 months for extending the term. The interest rate is going to be the same if I do 60 months or 84 months. What makes the difference is the payment size, so short-term and more likely than not long-term, it is in my best interest to take the longer loan, especially since I will be paying extra down on the principal when I make a larger payment, thereby saving on interest, especially if I get it paid off in approximately the same time as what I originally intended.

ImPmpnU2

i had to finance through MAC which gave me a horrible interest rate...... however after 3 months i can refinance at a much lower interest rate through my credit union........