The Mazda CX-5 is an appealing compact SUV known for its sleek design, sporty performance, and a host of modern amenities. Getting one doesn't have to empty your wallet. If you want to learn more about the Mazda CX-5, you can do a quick online search.
Understanding the Mazda CX-5's Appeal
First things first: What makes the Mazda CX-5 such a great vehicle? Known for its elegant design that follows Mazda’s KODO philosophy, the CX-5 also boasts high-quality interiors and advanced safety features. Depending on the trim level, features like leather seats, a 10.25-inch infotainment system, and Mazda’s i-Activsense safety suite can also be included. Therefore, it's essential to understand which features are must-haves for you and which ones you can compromise on to save costs.
Consider Going for a Used or Certified Pre-Owned Model
One of the most effective ways to get a Mazda CX-5 at a significantly reduced price is to go for a used or Certified Pre-Owned (CPO) model.
Used Models: A used CX-5 that's a few years old could cost you between $15,000 and $20,000, depending on factors like mileage, condition, and location.
Certified Pre-Owned: CPO vehicles are usually more expensive than regular used cars but come with benefits like an extended warranty. These can typically range between $20,000 and $25,000.
Be on the Lookout for Special Offers and Incentives
Both Mazda and individual dealerships occasionally provide special deals.
Cash Rebates: Some offers allow you to take a straight reduction off the car's price.
Financing Deals: Low or even zero percent financing rates can significantly reduce your total payment amount.
Picking the Right Trim and Features
The Mazda CX-5 comes in multiple trims, including Sport, Touring, Carbon Edition, Grand Touring, Grand Touring Reserve, and Signature.
Sport: This is the entry-level trim, which has a starting price of around $25,500 for the 2021 model. It includes features like a 10.25-inch infotainment display and blind-spot monitoring.
Signature: As the high-end trim, it starts at approximately $37,500 and includes features like Caturra Brown Nappa leather seats and real wood trim.
By settling for a lower trim or opting out of additional packages, you can save a considerable amount.
Leasing Could be an Option
If you're someone who enjoys driving newer models but isn't set on owning a vehicle, consider leasing. Monthly payments on a lease are often lower than loan payments for buying a car, although you will have to return the car at the end of the lease term.
Negotiating the Deal
Negotiation is a vital part of getting a car for cheap. Here are some strategies:
Know the Invoice Price: The invoice price is the amount the dealer paid for the car. Knowing this can serve as a negotiation point.
Get Multiple Offers: Always shop around and get price quotes from multiple dealerships.
Use Online Price Estimators
Websites like Kelley Blue Book or Edmunds offer tools that provide an estimated market value of the car you're interested in. Use these numbers as a reference during negotiations.
Trade-Ins and Down Payments
Trading In: If you currently own a vehicle, trading it in can reduce the price of the new car.
Down Payment: The larger your down payment, the smaller your loan amount will be, which can save you money in the long run.
Alternative Financing Options
Don’t just accept the first financing option presented by the dealer. Banks, credit unions, and online lenders might offer more competitive rates.
Timing is Everything
Shopping during specific times can net you a better deal.
End-of-the-Year Sales: Dealerships are more motivated to sell to meet year-end quotas.
New Model Rollouts: When new models are about to arrive, dealerships are keen to clear out the old stock.
Owning a Mazda CX-5 is an attainable goal even if you're on a tight budget. Whether you decide to go for a used or CPO model, take advantage of special promotions, negotiate effectively, or employ smart financing strategies, multiple avenues can lead you to own this stylish and reliable SUV. So keep these tips in mind and embark on your car-buying journey with confidence.