I am in the market to purchase a Mazda CX 5. Budget was around $20k so looking between 2017 and 2021. I know interest rates on used car are a little high right now. Now Mazda has put out the new promotion of 0% APR for 60 months + no payments for 90 days. Is it better to splurge on that? Just get a 2019 with 30k miles or so for $20k? Thoughts?
I was in a similar predicament, I went with the 2018 Touring for $19.5k (43k miles). Mainly because I got a decent deal on it. With the 0% interest I would see what the best OTD price I can get, if dealers don’t budge much lower than MSRP then I’d stick with used. This gen of cars is pretty similar, I don’t think you’ll miss out on much.
No payments for 90 days is like “here, have a string cheese! It’s fun”
Honestly find a solid older model, lowest mileage possible, and do it. Save money, possibly get dealer covered maintenance and warranty (maybe even a CPO)
And sell off in a few to 5yrs to upgrade. The market is getting better but still not good
Don’t leave the 2016 GT off your list. Really good year for them, almost all the tech.
2016.5 is peak first-gen CX-5, down to the awesome black-accented wheels.
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Probably better off used if you are trying to keep within budget. S-plan pricing for 2023 CX-5 Standard (lowest trim) is $26,869 before taxes and fees. The only time I would say the new at 0% makes sense is you’re financing $20k at >12% interest rate.
0% APR for 60 months is incredible!
Considerating slow depreciation, essentially 2 grand a year to drive a brand new awesome Mazda, I think is unbeatable. Gonna get Turbo?
Have you seen this comparison between the CX-5 and CX-30?