Suzuki Kizashi - Final Update

I could have called this update #2, but this is probably the last time I will ever discuss a Suzuki Kizashi.  I emailed back to the salesguy thinking the the $210 / biweekly for 5 years was too good to be true and sure enough.... it was.  He told me the $210 was over six years at 5.99% interest, still not a horrible deal but not half the deal it was if it was over five years.

If you crunch the numbers 23,995 + tax @ 5.99% interest over 72 months works out to $208 biweekly.  I'm sure they add in a few hundred bucks admin fee which brings it up to a nice round $210.  You get to pay $5,300 in interest for the $6,500 cash discount...... so you actually save about $1,000 over the non-sale stated price at 0%.  Not so wonderful a deal any more, but car deals rarely are as they seem.

If I email back this time next year, I bet they still have those cars.

Suzuki Kizashi Update #1

I emailed the local Suzuki dealership and they have two Kizashi available.  One red S model and one white SX model.  When I was there a year ago coincidentally enough they had one red S and two white SX models, so I guess they managed to sell one of them.  I asked about pricing and they just emailed me back to say the S model is indeed $23,995 and it would be $210 bi-weekly after tax.

Lets check the numbers shall we:

If you were using a five year purchase with 0% the $23,995 + $3120 tax = 27,115 / 60 payments = $450 / mth or about $209 bi-weekly.  If the $210 is for five years then this is a very impressive deal, I am thinking there is a catch and I am gone back to get more details.  If you get $6,500 off and 0% then someone should go buy that vehicle.

Stay tuned for further updates!

Suzuki Kizashi - Great Deal?

Suzuki has a minor problem on it's hands...... they will no longer be sold in the US.  Actually that's a major problem for sales but they don't actually sell many vehicles in North America so it probably saves them money not to bother trying.

In any event mixed in with our weekly flyer batch was a glossy lime green one from Suzuki.  According to the ad you can save over $6,500 off a 2013 Kazashi S iAWD, which actually seems like a really good deal at 0% for 5 years.  On the bottom of the flyer it also says the price includes delivery, air tax and oil changes for three years.  When I was looking at these vehicles a year ago, the same one was $29,995 plus extras, this requires further investigation.... an email to Suzuki is in order.  If you go to the website and price one up with the automatic CVT transmission, the total comes to $29,645 with delivery so I am guessing it is $850 for the "free" oil changes, since the advertised price is $30,495.

As I dig into the small print, the $6,500 is off the cash purchase price, meaning if you go to your bank and pay about 6% interest or happen to have $25,000 hanging around you get $6,500 off otherwise you get nothing off but you do get 0% interest.  Obviously it is better to go with the $6,500 off on such a relatively low purchase price, you will end up saving about $50 a month or $3,000 over a 5 year purchase term as opposed to taking 0% at the full purchase price.

I am going to add an update to this once I get an email back from them.