July 13, 2012 9:49 PM Subscribe
Can you play devil's advocate and talk me out of this Mazdaspeed?
I crashed my 2001 Integra the other day and even though my insurance company says it's repairable, I'm shopping for a new/used car. I've read nothing but good reviews about the Mazda3 and that's what I'm really looking at. My insurance company can make me a deal on a new Mazda3, but I have another option:
- 2007 Mazdaspeed3 Sport. ~$17200 (asking price is $17995, but the salesguy said I could probably do 17200 - this is in line with the Kelley Blue Book value) I drove this one tonight and kind of love it. One owner, great condition (except the tires probably). The car put out a lot of white smoke when I first started it but the salesguy said they'd fix it and I'll insist. One busted fog light lens, but I'll insist they replace that.
- I can also buy a 2012 Mazda3 - base model - for $18,592.
I'm mostly opposed to buying new cars because they lose so much value in the first few years. My preference is to buy an older nice car over a brand new base model car. The reliability ratings of the Mazdaspeed make me think that repairs will be minimal, but I'm willing to accept some repair cost.
I have $7000 to put down and the loan would cost me between $160-$185 for 60 months depending on whether they take my crappy Integra for $1500. I can probably round up to $200 payments most months.
The only two bad things I've read about the Mazda3 - loud outside noise and small back passenger space - I don't care about.
Reasons why I won't fix the Integra (cheapest option): the clutch is going, the hatch leaks, the antenna is useless, and now that I'm old climbing out of it is like clawing my way out of a paper bag.
The Mazaspeed is so nice looking too, great condition, mica black, and all the features I need.
Is there any reason I shouldn't buy the Mazdaspeed? And should I plan to take it to a mechanic before I buy?
Thanks for all your help MeFites.