How much you paying your MSP3?

[SKYMP3]

So how much are you paying your MSP3 (lease of finance)?

Please share if you feel comfortable with.

[alhope34]

6 year finance, 5.9%, $0 down, 6/160,000 bumper to bumper warranty. $655.55 a month.

[cy88]

5 yr finance, 0% $0 down, $275/bi-weekly.

[unnervingfalcon]

7 year 2.9 finance $0 down... $220 bi-weekly

[JordanAndrew]

When I had my mazdaspeed3 I was paying $570/month, 0% financing with $2,500 down.

[silvermist99]

HELOC @ prime

[ramboh]

5 year, 0% finance, 6/160,000 + tire care + rust protection
$642/month

[uoftguy]

I know this is for lease and finance payments but I thought I'd share my price in hopes that others would too (just to gauge what the cars are going for).

Purchase Price: $23,700 plus pst/gst (no financing, paid cash)
2007 Mazdaspeed3
Purchased in Nov '08 with 5,800 km from Mazda dealer.
Balance of warranty starting from Mar '07
Car was undercoated and rust proofed
Clean carfax with no incidents

[unnervingfalcon]

I know this is for lease and finance payments but I thought I'd share my price in hopes that others would too (just to gauge what the cars are going for).

Purchase Price: $23,700 plus pst/gst (no financing, paid cash)
2007 Mazdaspeed3
Purchased in Nov '08 with 5,800 km from Mazda dealer.
Balance of warranty starting from Mar '07
Car was undercoated and rust proofed
Clean carfax with no incidents

They talked about carfax on 60 min. or was it dateline NBC .. ah doesn't matter .. but they say it is crap. They don't get anything about the car till it is reported. They showed cars that they test drove and then checked that had major accidents but carfax said it was clean. At one point during the show the carfax changed as they were looking at the site. Don't trust it.... get it checked out.

[Dave83]

2008.5 speed 3
5 year, 0% finance, $0 down, 596/month,, or 275 bi-weekly

[uoftguy]

They talked about carfax on 60 min. or was it dateline NBC .. ah doesn't matter .. but they say it is crap. They don't get anything about the car till it is reported. They showed cars that they test drove and then checked that had major accidents but carfax said it was clean. At one point during the show the carfax changed as they were looking at the site. Don't trust it.... get it checked out.

Yeah, it actually wasnt carfax that I used. It was some Canadian equivalent. Whatever the case maybe, it looked mint without any prior damage that i could tell. Also had a mechanic buddy with me that said it looked mint as well. So far so good.

[condor888000]

6 year finance, 5.9%, $0 down, 6/160,000 bumper to bumper warranty. $655.55 a month.


HOLY FACK!


$47199.60. :whoa

[alhope34]

HOLY FACK!


$47199.60. :whoa

$9000 of that is interest...

[Wild Weasel]

Nothin'. Mine's paid for. Woot!! :D

Funny though... I look back to when I was paying well over $400/mo for my Sunfire... You can get WAY better cars today for the same money you'd have paid 8 or 9 years ago!!!

[alhope34]

I was paying well over $400/mo for my Sunfire


:whoa



Oh dear god...

[SKYMP3]

:whoa



Oh dear god...

At least it was a finance I hope. :)
but finance a Sunfire doesnt make too much sense neither.

[condor888000]

$9000 of that is interest...

You're still paying it aren't you? :chuckle

[alhope34]

You're still paying it aren't you? :chuckle

Yea? Your point? lol

[Wild Weasel]

At least it was a finance I hope. :)
but finance a Sunfire doesnt make too much sense neither.

I'm not sure what you mean. Are you suggesting that everyone should have enough cash to buy a car if it's less than $30k or something? I'm confused.

[SKYMP3]

I'm not sure what you mean. Are you suggesting that everyone should have enough cash to buy a car if it's less than $30k or something? I'm confused.

I meant domestic cars depreciate very quick, let's say you still have 2 years to finance at 10k, your car worth only 6500$. That doesn't make sense.

[Mazda3X2]

1.4% finance, 7 years, 0 down @ $450/month


I meant domestic cars depreciate very quick, let's say you still have 2 years to finance at 10k, your car worth only 6500$. That doesn't make sense.

How many people on this board aren't upside down with their car loans? I don't think it's uncommon to be in a position like this at all.

My MS3 is about 9 months old, I still owe around $32,000 on it. No way could I get anywhere close to that selling it.

[SKYMP3]

For the first 2-3 years, it depreciate much quicker, but it slow down within 2-3 years and will able to break even your left over payment and market value of the car.

[Wild Weasel]

For the first 2-3 years, it depreciate much quicker, but it slow down within 2-3 years and will able to break even your left over payment and market value of the car.

Regardless, that's no reason not to finance a car. If some fast-depreciating car happens to be the one that best suits your needs, and you don't have the cash in the bank to buy it, how else do you suggest you get it?

Your argument seems to just be that nobody should buy a new car that's going to depreciate quickly.

Heck, you can buy a 7 series fresh off lease with low km's for under $50k. New ones start over $100k. Are you suggesting that nobody should ever buy a new one?

Many people just want a new car with warranty and everything. If you're not planning to sell it, then the depreciation becomes somewhat meaningless (unless you write it off I suppose).

[cy88]

For the first 2-3 years, it depreciate much quicker, but it slow down within 2-3 years and will able to break even your left over payment and market value of the car.


I tend to agree with SKYMP3 on this. It's easier to reach this "break even" point in comparison to domestic cars, although there's never guarentee on car prices :bang

[SKYMP3]

Regardless, that's no reason not to finance a car. If some fast-depreciating car happens to be the one that best suits your needs, and you don't have the cash in the bank to buy it, how else do you suggest you get it?

Your argument seems to just be that nobody should buy a new car that's going to depreciate quickly.

Heck, you can buy a 7 series fresh off lease with low km's for under $50k. New ones start over $100k. Are you suggesting that nobody should ever buy a new one?

Many people just want a new car with warranty and everything. If you're not planning to sell it, then the depreciation becomes somewhat meaningless (unless you write it off I suppose).

I'm NOT against financing at all. I did financed my old car as well.

My point was financing a domestic car that worth almost nothing after 4-5 years is sad.

Look at the 2006 Cobalt, 2005 Malibu, they are just damn cheap in the used market. I would rather finance something that hold their value a bit longer (Japanese cars).

[Wild Weasel]

I'm NOT against financing at all. I did financed my old car as well.

My point was financing a domestic car that worth almost nothing after 4-5 years is sad.

Look at the 2006 Cobalt, 2005 Malibu, they are just damn cheap in the used market. I would rather finance something that hold their value a bit longer (Japanese cars).

Right. So you're just saying that people shouldn't buy domestics. Has nothing to do with whether you finance it or not. :)

[SKYMP3]

Right. I have no issue with either finance or lease.

[alhope34]

Lol, way to make a mountain out of a mole hill guys!


Everyone has different opinions and none of them are right or wrong. I'm sure WW isn't going to start financing only Japanese cars because thats what skymp3 likes, and I'm sure skymp3 won't start financing domestics just because WW has before and sees no problem with it. Let's just all get along and get back on topic!!!

[Wild Weasel]

LOL. I'll tell you one thing... you couldn't pay me to take a Chrysler product these days... :chuckle

Right then... back on topic... :bana

[dragospeed13]

2008 MS3
$31,090CAD + 6yr/160000km + 35% Tint + MS CAI
$3000 down Finance 4yr @3.9%
$790/month...
yeah it hurts like hell but it's all worth it once you're behind the wheel

[DumpInfo]

All I gotta say is wow!! :whoa

[thanu31]

i think i understand SkyMp3 and i agree
I would never finance a car thats 10k, and which depreciates like mad.

[cy88]

i think i understand SkyMp3 and i agree
I would never finance a car thats 10k, and which depreciates like mad.

Yup, you agree (I agree too)...but as allhope said, let get back on topic! :)

[CamelFilters]

June 2007 - 5 year finance with $5,000 down at 596/month, I cant remember the interest rate.
Oct 2008 - Added $10,000 to principal
Feb 2009 - Paid off Rest (about $12,000)