Hi all,
I've been searching for a 2008-2010 Mazda5 manual for a while and came across a coupel of options.
One is a private sale. 2009 with 22k. Nice enough shape. family car that has been serviced, but not necessairily kept clean. 60mth/100k extra factory warranty also.
I figured it worth $15,000 as per black book.. offered $15,500, refused then upto $16,000 cash, $16,750 if a 0% finance transfer was an option.
Owner is firm at $17,500. Cars been listed for around 6 weeks.
Second option is a Mazda dealership. Similar car, but in the color I want with the factory tints... its what I woul dhave bought had I had finances available before the last of the 2010 cars in manual sold out.
Anyway, its a 2008 with 42k.. listed at $19,888(or $18,888 depending on what resource you use), a quick phone call to a salesman got me to $17,000.
Its a lease vehicle, warranty is up as its passed 3 years. Was leased orihginally from the same garage that has it for sale now.
I reckon, doing my math that there was approx $12,000 outstanding in that vehcicle based on 36 months of lease payments.. so, even as an in-and-out purchase, the most the dealer paid for the car is the lease buyout amount of $12,000. If it went through Mazda lease return, then to dealer aution.. presumably they paid less than that
Blackbook has it at $11,500 which makes sense... so, I figure that if I offer the assumed $12,000 + $1000 processing/repairs + $1000 dealer profit =$14,000, I should score a deal.
Am I way off with this?
I typically avoid dealers as I dont like being lead down the garden path, but in this case (pre inspection), its the car I want.
My head suggests that the private sale would be a better car, but the sellers not motivated and I'd have to pay well over blackbook value to buy it.
Any suggestions gratefully received.
Or lessons if I'm confused with how used cars at dealerships works....
thanks