How so?

 

Just check the Mazda's website. I think the 1000 MAC finance rebate is for mazda 6. RX8 is still $500.

 

The website hasn't been updated. If you look the expiration date still says 10/2/06. Edmunds still listing nothing as well. I have been checking every few hours for the last couple days.

 

Ok, Mazdausa.com finally updated. PRL84U is correct. $1500 rebate and $1000 MAC cash. Sucks the rebate didn't go up

 

i guess it's a good thing that '06 rebates are pretty much the same as what I had back in October/November '04, ie supply/demand is about the same??

 

They're not doing you a favor by financing thru Mazda. The $1000 you save initially on the sale price is made up for in the financing. See for yourself. A person with good credit should be getting a rate in the 6.5-6.75% range. Whats the rate if financed thru Mazda?---->7.99% and up

 

Where can you get rates like that? I checked with my bank before going with MAC, and they said the best rate they have is 8.4% if your credit score is > 675.

 

675 is below average.... that could be why the rate is no bueno.

Dont buy the car at sticker price, buy it at dealer invoice - all rebates...

 

here is what people should do.

Buy the car at invoice, get the thing thru MAC.

then u go out and refinance with some other company who gives you lower interest rate.

Pay off the MAC thing and be happy.

 

Perfect, good to know theres a few people out there that think just like i do..

We a rare breed.

 

I got a financing rate of 1.9% for 4 years. But I'm in Ontario so I'm still getting screwed by the tax and the higher Canadian price for the same vehicle.

 

I did the same thing....here were my rebates when I bought my '05 new.

- S Plan Pricing
-$500 Gerber rebate
-$1000 MAC rebate
-Refinanced a month later.

 

Yeah, the plan would be definitely to refinance out of MAC. For those who have done this before, there is no prepayment penalty correct?

 

Won't the bank charge you a higher rate for refinancing than buying the new car? New vs. used rates can differ by a full point easily. If you're refinancing will the bank still give you the new car rate?

You'd probably still come out ahead by taking the $1000 + refinance but not by as much.

 

Correct!!!

 

depends on the bank you refinance with. my local credit union offers identical rates (I think 5.75 or 6, forgot) for both new car and refi loans

 

I stopped at the bank to drop off my loan application and asked them. They said everything 2005 and up is considered new, so I can refinance with the good rate. If i get tier 1 from them (I should) it's about 5.5%.

When the first bill comes from MAC that's when i pay the whole thing off with the refinance right? Should i hide the fact that I plan on doing this from the dealer? For $500 i wasn't going to bother with MAC but now that it's $1000 i will.

Sorry I have so many questions. I've never financed anything before, and this finance then immediately refinance is a little confusing. How much interest extra interest will I end up paying mazda for one month considering the rate differences?

 

My dealership didn't care if I refinanced after and I did not hide that I refinanced with my credit union.

To calculate how much extra interest, try this:

http://www.mw-plus.com/webdic.php

I'm pretty sure it won't be more than 50 bucks or so difference.

 

Dang it! I just leased my car on 9/21. I missed out on the extra $500.