mazda 6 or civic 2006
21-Feb-2008, 05:55 PM
#82
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we decided on getting the 2004 -2005 mazda 6 so we can pay less insurance and the car would cost us around 10 000 - 12 500 with tax. Each pays 5 grand and each takes 1000 from the visa so that car is pay fully
however we gives you a theft insurance, i asked befoore for my jetta and they said that it does not exist ( the insurance company) , also i was under the impression that when you go to the dealer they ask you to bring the insurance before giving you the car.
So if i buy the car at the dealer would they let me take it without a plate and insurance?? ..
however we gives you a theft insurance, i asked befoore for my jetta and they said that it does not exist ( the insurance company) , also i was under the impression that when you go to the dealer they ask you to bring the insurance before giving you the car.
So if i buy the car at the dealer would they let me take it without a plate and insurance?? ..
ohhh nice, then you are set.
if you are buying the car out, instead of taking cheque take hard cash, and negociate, i gaurantee the guy will drop the price more when he sees that money, and no, if you are buying it out, no need for plates or insurance either, they only ask for insurance if you are financing or leasing, thats why i like buying everything in cash, business have trippled paper work and time to recieve money, so they love customers who pay cash, and tend to be very leniant of discount as apposed to people who take credit, because that ends up costing the dealer paper fees we call them.
anyways, what i do is, i buy the car in cash, take my plate from another car at home, and have the sales rep fill in the details and then he will ask you if you have insurance just say not yet, but you want to take the car home, he can;t stop you and he wouldn't either, he will just notify you that its your responsibility now.
i remember, i was 17 i went to the suzuki showroom to finance a gsxr 750, and the guy asked me how i wanted to purchase, i said finance, then he asked me what lincense i had, i said m1, he said for financing i would need a m2 and full insurance, so i asked him why, because he said the value of the product is not fully covered untill you pay it off so they are liable, thats why and then he said if you had cash i'd bring the bike to your house even if you didn't have a license or had m1.lol
21-Feb-2008, 06:14 PM
#83
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i have a student visa and my rate is much less than 19 %
i also have a line of credit with a 7 % rate or something like that
anyways, i just called td insurance, even with my accident in 2003 my quote is 220 a month for a 2004 or 2005 mazda 6 with theft and fire protection included , full coverage was 320 .
a 2006 civic dxg was quote 320 basic with theft and fire and 450 full coverage !! ouch !
also i can get fire and theft for 20 dollars a month .
i also have a line of credit with a 7 % rate or something like that
anyways, i just called td insurance, even with my accident in 2003 my quote is 220 a month for a 2004 or 2005 mazda 6 with theft and fire protection included , full coverage was 320 .
a 2006 civic dxg was quote 320 basic with theft and fire and 450 full coverage !! ouch !
also i can get fire and theft for 20 dollars a month .
21-Feb-2008, 06:16 PM
#84
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21-Feb-2008, 06:17 PM
#85
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i have a student visa and my rate is much less than 19 %
i also have a line of credit with a 7 % rate or something like that
anyways, i just called td insurance, even with my accident in 2003 my quote is 220 a month for a 2004 or 2005 mazda 6 with theft and fire protection included , full coverage was 320 .
a 2006 civic dxg was quote 320 basic with theft and fire and 450 full coverage !! ouch !
also i can get fire and theft for 20 dollars a month .
i also have a line of credit with a 7 % rate or something like that
anyways, i just called td insurance, even with my accident in 2003 my quote is 220 a month for a 2004 or 2005 mazda 6 with theft and fire protection included , full coverage was 320 .
a 2006 civic dxg was quote 320 basic with theft and fire and 450 full coverage !! ouch !
also i can get fire and theft for 20 dollars a month .
jeez honda is a killer on insurance, i could get a BM or a mercedes for $200 montly.lol
you're right ouch nice move.
im looking at amg's right now, i always wanted a mk 5 c-class amg, so far i have been quoted $100 to $90 less then what im paying for my japanes cars. its because i've always had coupes, i found out 4 door saloons are the cheapest, so m6 is right there in the sweet spot.
21-Feb-2008, 07:28 PM
#86
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Thats still alot. Besides your accident, do you have any other infractions? How old are you? Where do you live?
21-Feb-2008, 09:14 PM
#87
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i got different quotes but they dont go under 300 and for the civic they dont go under 400 . I guess i can call other insurance companies , i called td and they gave me a discount because i have my condo insure with them.
it wouldnt hurt to call other insurance companies i guess , but i was expecting to pay at least 300 so its not bad
i live in mississauga
21-Feb-2008, 11:19 PM
#88
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taking a personal or revolving loan is only good if the rate at which the loan is offered is lower than what is offered by the seller. it is true that a dealer may lower the price if you pay out all in cash but such discounts typically range 2-3% and may not be always available in case of used vehicles.
secondly....the interest margin that he will get from what he will pay on that 2500 and what the bank will pay him for putting that money with them will always be negative....you are comparing a personal loan (7-9% avg) and a say...high interest savings accounts (3-4%)...so bad idea. also...do not think about taking a revolving credit loan cuz when your payments are in your own hands.....lack of financial discipline kicks in by nature and you dont always pay on time and revolve...thus pay more.
72 months is 6 years....on a car that is already 3-4 years old. ideally......you should have 1/3rd of the value of car left as open market once you typically pay off the car loan...and this happens with japanese vehicles specially the civic. i am not too sure how good the resale of the mazda is.
the rule here is....and i say this being a finance person...always calculate your cost of borrowing after taking the effect of compounding. a car dealer may compound interest differently than a bank but in the end....must is dependent about the rate that which you are getting the loan. its a credit driven system so take advantage of it.
secondly....the interest margin that he will get from what he will pay on that 2500 and what the bank will pay him for putting that money with them will always be negative....you are comparing a personal loan (7-9% avg) and a say...high interest savings accounts (3-4%)...so bad idea. also...do not think about taking a revolving credit loan cuz when your payments are in your own hands.....lack of financial discipline kicks in by nature and you dont always pay on time and revolve...thus pay more.
72 months is 6 years....on a car that is already 3-4 years old. ideally......you should have 1/3rd of the value of car left as open market once you typically pay off the car loan...and this happens with japanese vehicles specially the civic. i am not too sure how good the resale of the mazda is.
the rule here is....and i say this being a finance person...always calculate your cost of borrowing after taking the effect of compounding. a car dealer may compound interest differently than a bank but in the end....must is dependent about the rate that which you are getting the loan. its a credit driven system so take advantage of it.
yes, just buy the car out with cash.
if not, get a personal loan, e.g you see the car you like its $13500, you take a personal loan from the bank for $14,000, and then go back to the dealer and pay them cash $11,500,(if you buy a car in cash the dealer will go down $1500 or more, and if theres cash back even better) you now have $2500 left, keep that money in your savings account just incase to back up payments you can't make, until then it gets good iterest on the rest of the savings balance you might have.
use a 72 month open loan amortization, you won't have to pay insurance or full insurance either , so you basically make the montly payments for what ever period you want, if your paying a down payment for the initial financing, just deduct that from the anitial loan you take.
I buy all my cars like that, if my insurance goes up, i don't have to be stuck with full coverage, having to worry about having my car repoed for missed payments, an so on.
even though i borrow extra from the bank and save more by paying cash to the dealer, over time the accumulation of interest on that portion of $2,500 to $4000 i save after the purchase of the car in cash, it covers your interest cost you pay on the monthly payment at the end, its weired but it works.
BUT don't tell the bank that you are using the money for a car, they will ask you to finance, tell them you need the money for a house upgrade.
if not, get a personal loan, e.g you see the car you like its $13500, you take a personal loan from the bank for $14,000, and then go back to the dealer and pay them cash $11,500,(if you buy a car in cash the dealer will go down $1500 or more, and if theres cash back even better) you now have $2500 left, keep that money in your savings account just incase to back up payments you can't make, until then it gets good iterest on the rest of the savings balance you might have.
use a 72 month open loan amortization, you won't have to pay insurance or full insurance either , so you basically make the montly payments for what ever period you want, if your paying a down payment for the initial financing, just deduct that from the anitial loan you take.
I buy all my cars like that, if my insurance goes up, i don't have to be stuck with full coverage, having to worry about having my car repoed for missed payments, an so on.
even though i borrow extra from the bank and save more by paying cash to the dealer, over time the accumulation of interest on that portion of $2,500 to $4000 i save after the purchase of the car in cash, it covers your interest cost you pay on the monthly payment at the end, its weired but it works.
BUT don't tell the bank that you are using the money for a car, they will ask you to finance, tell them you need the money for a house upgrade.
22-Feb-2008, 05:16 PM
#89
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so i found this 2004 mazda 6 , really nice , blue ( my fav colour) , it says to have less than 50 km and the asking price is 11 gs , so i m taking a look at it tomorrow , however i m a little doubtfull about the kms , what else should i ask for when i go take a look at it.
22-Feb-2008, 05:17 PM
#90
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The mazda 6 is the same car underneath as the ford fusion. Same engines (V6 and 4 cylinder), same chassis.
The 2.3L 4 cylinder puts out about 160-170hp, not spectacular but not gutless either.
A friend of mine has an 05 mazda 6 4 cylinder with the 5 spd manual trans mission. The fuel mileage he has reported to me was quite impressive. He managed almost 800km's to a tank and usually averages about 650-750km's per tank which works out to about 28-30mpg. He's taken me for a spin a couple times, it rides great, has sporty handling and a torquey engine. Put up against my 00SiR it fell quite short as it carries quite a bit more weight and lacks the top end power band of a honda DOHC vtec engine. His had a limiter at 180kph so how you did 200, mpfive, you must have had it chipped. However performance aside, it is a very nice car. The build quality is excellent and the fit and finish is also very good. The interior is also a strong point of the car. Reliability is also excellent.
You have to weigh your options and look at what you need in a car. That should help point you in the right direction.
The 2.3L 4 cylinder puts out about 160-170hp, not spectacular but not gutless either.
A friend of mine has an 05 mazda 6 4 cylinder with the 5 spd manual trans mission. The fuel mileage he has reported to me was quite impressive. He managed almost 800km's to a tank and usually averages about 650-750km's per tank which works out to about 28-30mpg. He's taken me for a spin a couple times, it rides great, has sporty handling and a torquey engine. Put up against my 00SiR it fell quite short as it carries quite a bit more weight and lacks the top end power band of a honda DOHC vtec engine. His had a limiter at 180kph so how you did 200, mpfive, you must have had it chipped. However performance aside, it is a very nice car. The build quality is excellent and the fit and finish is also very good. The interior is also a strong point of the car. Reliability is also excellent.
You have to weigh your options and look at what you need in a car. That should help point you in the right direction.
>< but they seem to be built decently, either Ford doing a better job, or mazda influence? :P
22-Feb-2008, 11:47 PM
#91
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taking a personal or revolving loan is only good if the rate at which the loan is offered is lower than what is offered by the seller. it is true that a dealer may lower the price if you pay out all in cash but such discounts typically range 2-3% and may not be always available in case of used vehicles.
secondly....the interest margin that he will get from what he will pay on that 2500 and what the bank will pay him for putting that money with them will always be negative....you are comparing a personal loan (7-9% avg) and a say...high interest savings accounts (3-4%)...so bad idea. also...do not think about taking a revolving credit loan cuz when your payments are in your own hands.....lack of financial discipline kicks in by nature and you dont always pay on time and revolve...thus pay more.
72 months is 6 years....on a car that is already 3-4 years old. ideally......you should have 1/3rd of the value of car left as open market once you typically pay off the car loan...and this happens with japanese vehicles specially the civic. i am not too sure how good the resale of the mazda is.
the rule here is....and i say this being a finance person...always calculate your cost of borrowing after taking the effect of compounding. a car dealer may compound interest differently than a bank but in the end....must is dependent about the rate that which you are getting the loan. its a credit driven system so take advantage of it.
secondly....the interest margin that he will get from what he will pay on that 2500 and what the bank will pay him for putting that money with them will always be negative....you are comparing a personal loan (7-9% avg) and a say...high interest savings accounts (3-4%)...so bad idea. also...do not think about taking a revolving credit loan cuz when your payments are in your own hands.....lack of financial discipline kicks in by nature and you dont always pay on time and revolve...thus pay more.
72 months is 6 years....on a car that is already 3-4 years old. ideally......you should have 1/3rd of the value of car left as open market once you typically pay off the car loan...and this happens with japanese vehicles specially the civic. i am not too sure how good the resale of the mazda is.
the rule here is....and i say this being a finance person...always calculate your cost of borrowing after taking the effect of compounding. a car dealer may compound interest differently than a bank but in the end....must is dependent about the rate that which you are getting the loan. its a credit driven system so take advantage of it.
i know what you mean, but it worked for me, i took a personal loan @ lower then 6 %, and my financing rate was 9.8% at the dealer, so i went with the loan, i saved $3,000 on the car since i paid cash, a friend of mine bought a $6,800 car for $4000 cash he did the same thing.
he basically saved $2800 by paying cash and dealing hard,plus another $1,500 to $2,000 on all the taxes, fees, interest costs, he would have paid if he financed it. so in the end he saved app. $4800, and then he took the loan for 12 months, he paid 360 somthing a month, and probably ended up paying 300 dollars in interest in that one year, minus the $4800, so he saved himself about $4500 dollars.
23-Feb-2008, 03:04 PM
#92
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so i went to look at the mazda 6 . The total price is 13 500 for a mazda 6 , 2004 with 45 km
since i m only willing to spend maz 11 gs i took a look at a mazda 3 with the exact same options (tiptronic too) total asking price is 11 000 ( with tax inc) but i m sure the guy can still go down at least 500 more.
Anyone here knows about the mazda 3??
vtw the mazda 3 i saw has 70 000 km so its not bad
since i m only willing to spend maz 11 gs i took a look at a mazda 3 with the exact same options (tiptronic too) total asking price is 11 000 ( with tax inc) but i m sure the guy can still go down at least 500 more.
Anyone here knows about the mazda 3??
vtw the mazda 3 i saw has 70 000 km so its not bad
23-Feb-2008, 08:19 PM
#93
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so i went to look at the mazda 6 . The total price is 13 500 for a mazda 6 , 2004 with 45 km
since i m only willing to spend maz 11 gs i took a look at a mazda 3 with the exact same options (tiptronic too) total asking price is 11 000 ( with tax inc) but i m sure the guy can still go down at least 500 more.
Anyone here knows about the mazda 3??
vtw the mazda 3 i saw has 70 000 km so its not bad
since i m only willing to spend maz 11 gs i took a look at a mazda 3 with the exact same options (tiptronic too) total asking price is 11 000 ( with tax inc) but i m sure the guy can still go down at least 500 more.
Anyone here knows about the mazda 3??
vtw the mazda 3 i saw has 70 000 km so its not bad
yea mazda 3 is a very good car, there was a guy who called in on the cp24 auto car show with that "mohammad" guy, and he asked if he should get a mazda 3 or some other i think civic or honda car, he said that the mazda 3 is a great car and has not had any problems with it, one more plus the mazda 3 would suit a female more then a m6 for sure.
and its also targeted for young drivers.
2003 was the first year the mazda 3 came out, some had tranny problembs in the tiptronic, but 2004 it was fixed, 2005 was the best year even better then 2004, and 2006 even better 2007 even more so, this is one of few cars i have seen that have been improved year by year bar none.
if you look at the review from 2004 to 2007 from 3 or 4 bad review out of 50 people it goes to 100% satisfaction.
24-Feb-2008, 08:53 AM
#94
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Mazda3 now we're talkin'. I would take one of those over a Mazda6 anyday and probably over a Civic Sedan too. I've always liked those car's. I know a few people that have them and they have been great car's so far. Nice looking, lots of standard and available options and they perform decent too. Much smaller then the M6, so the newly licenced wife might have an easier time driving it then the bigger M6. Probably much better on gas, maintenance and insurance also.
Some reviews.
http://www.edmunds.com/mazda/mazda3/review.html
http://www.thetruthaboutcars.com/reviews/mazda-mazda3/
http://www.carreview.com/cat/automob...3_1531crx.aspx
I test drove a MazdaSpeed3 not too long ago and it was a very fast car. It handled like a$$ compared to my Si, but it made up for it in outright power. It was like a baby WRX.
Some reviews.
http://www.edmunds.com/mazda/mazda3/review.html
http://www.thetruthaboutcars.com/reviews/mazda-mazda3/
http://www.carreview.com/cat/automob...3_1531crx.aspx
I test drove a MazdaSpeed3 not too long ago and it was a very fast car. It handled like a$$ compared to my Si, but it made up for it in outright power. It was like a baby WRX.
24-Feb-2008, 10:20 AM
#95
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haha the si is one of my fav cars , unfortuately i caN not afford the insurance for one of them , but one day i would have 1 for sure . Yes i do agree with you , i fell in love with the exterior and interior of the mazda 3 , so many options , the engine sounded sick , the cars handles better than my civic and most importantly the asking price is not less than a civic. I'm going today to buy it , i just hope the seller wants 10 500 for the car if not i would have to start looking for others mazda 3 .
Also , i noticed the front and rear of the car is pretty similar as the mazda 6 , actually it is hard to tell the difference , however the mazda 6 is larger than the mazda 3. The interior is exactly the same if i m not mistaken , actually i was pretty impressed with all the options the mazda 3 gives you compared to the civic.
I also think the mazda 3 holds its value better than the m6.
Also , i noticed the front and rear of the car is pretty similar as the mazda 6 , actually it is hard to tell the difference , however the mazda 6 is larger than the mazda 3. The interior is exactly the same if i m not mistaken , actually i was pretty impressed with all the options the mazda 3 gives you compared to the civic.
I also think the mazda 3 holds its value better than the m6.
24-Feb-2008, 03:02 PM
#96
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well here is the deal
we went to get the car , everything was going well , however the stu pud car does not have air cond , so we passed on that
however i saw a mazda 3 gt , 2004 , with 39 000 km , i talked to the guy and the final asking price for the car was 14 000 with tax , emission and safety incl but this is if i give him cash (which i can do that) , i didnt put a hold on the car because i still gotta find the insurance cost for a gt fully loaded
is the price a deal>????
we went to get the car , everything was going well , however the stu pud car does not have air cond , so we passed on that
however i saw a mazda 3 gt , 2004 , with 39 000 km , i talked to the guy and the final asking price for the car was 14 000 with tax , emission and safety incl but this is if i give him cash (which i can do that) , i didnt put a hold on the car because i still gotta find the insurance cost for a gt fully loaded
is the price a deal>????
24-Feb-2008, 04:30 PM
#98
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mazda 6 is gone , the other mazda 6 they have is not as nice and has 50 000 km.
also the gt brings more options than the mazda 6, it has rims , fully loaded, sunroof, very nice car if you ask me.
anyways , the m6 with 45 km was sold yesterday.
24-Feb-2008, 10:33 PM
#99
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i agree with "Dumbassi" on his comment.hehe
and as for the Mazda 3 Gt, dude just be careful you don't end up paying too much, sometimes shopping for a car can take time and we can end up paying more for something that is less.
as for finding a mazda 3, im sure you will find one, there are so many around right now, you will definately find a nice one, my sister was going to get one but she went with a lancer, so, anyways, good luck, and i think the mazda 3 should be same as the m6.
on another note, im pissed, my insurance went up, again, $300 something now, apparently i had a ticket in 2006 which the insurance company didn't recieve from the courts till now, due to log backs, it processed now, great.
anyone know cheap insurance companies?
and as for the Mazda 3 Gt, dude just be careful you don't end up paying too much, sometimes shopping for a car can take time and we can end up paying more for something that is less.
as for finding a mazda 3, im sure you will find one, there are so many around right now, you will definately find a nice one, my sister was going to get one but she went with a lancer, so, anyways, good luck, and i think the mazda 3 should be same as the m6.
on another note, im pissed, my insurance went up, again, $300 something now, apparently i had a ticket in 2006 which the insurance company didn't recieve from the courts till now, due to log backs, it processed now, great.
anyone know cheap insurance companies?
25-Feb-2008, 05:26 PM
#100
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well i finally bought the car today
the total price of the car inclusing safety ,emission , taxes , and the 3 year warranty , was 14 500 $
the actual car is a 2004 mazda 3 GT with 39 000 km. Fully loaded and everything is working ( i checked all of it)
The dealer also gave me a carfax report on the actual car, original owner lease the car in 2003 and only put 39 000 km on it , no accidents or anything of that kind reported on the carfax. Odometer is fine according to the car fax.
here is the pic of the car, not the ac tual car but the same colour
i still have to pay 14 000 (i put 500 already) and if everything goes according to the plan i should pick it up before friday
the total price of the car inclusing safety ,emission , taxes , and the 3 year warranty , was 14 500 $
the actual car is a 2004 mazda 3 GT with 39 000 km. Fully loaded and everything is working ( i checked all of it)
The dealer also gave me a carfax report on the actual car, original owner lease the car in 2003 and only put 39 000 km on it , no accidents or anything of that kind reported on the carfax. Odometer is fine according to the car fax.
here is the pic of the car, not the ac tual car but the same colour
i still have to pay 14 000 (i put 500 already) and if everything goes according to the plan i should pick it up before friday
