Selling Price: $32,050
OTD With Taxes & Fee’s: $35,155
Monthly Payment: $470/72 Months @ 3.9% Mazda Financial ($4,000 DOWN)
Recently a close friend of mine reached out to help trade in his 150,000 miles 2011 BMW X5, for something reliable as he just turned 18 & wanted something just modern for his daily driver for college & life.
He is completely new to purchasing a car, his parents always bought used old cars in cash, so it was kinda fun explaining to him "NO DUDE, DON’T BUY A 3-SERIES OFF CARVANA AT 8.2%, yes it’s true & the screenshots showing the Carvana pre-approval rates he had were insane.) and telling him to get something either CPO(Volvo 1.9APR) or new to help build your car credit as you grow older!
To my surprise, the next day he took my recommendation of the CX-5 & went to a Mazda dealership randomly near his house, and found the perfect one- no markup, no wait-time, no issues. They got him financed using Mazda’s promotional rate of 3.9% within 3 hours. I was quite surprised at how quick everything was, it took my friends & family weeks to find their cars & either he’s insanely lucky or Mazda hasn’t been affected by the chip shortage and inventory is there?
Attached is a quick photo he sent after he took delivery and went straight to FCPEuro to order new engine parts for his new “boosted turbo X5 build”
sigh…
