Mazda CX-3 Monthly Installment
by Leland Morrison, on 28 November 2023
Jump to
- Overview
- Evolution of the Mazda CX-3
- Mazda CX-3 Price
- Mazda CX-3 Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Mazda CX-3 is a compact crossover SUV that stands out for its stylish design, advanced technology, and engaging driving dynamics. Introduced by Mazda, a renowned automaker recognized for combining performance with efficiency, the CX-3 offers a choice of several trim levels like the 2.0L Active, 2.0L Dynamic, 2.0L Individual, and the top-of-the-line 2.0L Hikari.
With a starting price of around R397,300, the CX-3 comes equipped with features such as a smart keyless push-button engine start, multi-function steering wheel, cruise control, and state-of-the-art infotainment systems across the range. Higher trims include luxurious amenities like LED lighting, a sunroof, leather seats, and advanced safety features designed to enhance the driving experience while maintaining Mazda's commitment to safety and innovation.
Evolution
Since its inception, the Mazda CX-3 has undergone continuous evolution to cater to the diverse needs of compact SUV enthusiasts. The improvements over the years have focused on refining the vehicle's design, enhancing driving enjoyment, and incorporating cutting-edge technology to stay competitive in a crowded marketplace. Mazda's SkyActiv technology has been a game-changer for the CX-3, ensuring high levels of performance alongside fuel efficiency.
The evolution of the CX-3 also reflects through its interior upgrades, with higher trims featuring luxury elements such as a Bose® sound system, head-up display, and wireless charging capabilities. Similarly, the exterior has been fine-tuned with each iteration, offering sleek and modern aesthetics that reflect the dynamic character of the Mazda brand.
Price
The Mazda CX-3 is available in a range of variants, each with its own set of features and price tag. The base model starts at R397,300, while the top-of-the-line variant is priced at R541,900. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| 2.0L Active | R397,300 |
| 2.0L Dynamic | R435,200 |
| 2.0L Individual | R520,600 |
| 2.0L Hikari | R541,900 |
Additional Costs to Consider:
- Dealer Fees: Can include documentation, processing, and other administrative charges.
- Optional Add-ons: Upgraded features, accessories, or enhancements that come at an extra cost.
- Extended Warranties: Offer prolonged protection for the product at an additional price.
- Other Costs: Miscellaneous expenses that might arise such as transfer of ownership.
Monthly Installment
Monthly payments for the Mazda CX-3 vary between R6,962 and R11,094
The following table provides a few example calculations using the prime interest rate + 2% (13.75%) over a period of 6 years or 72 months.
| Variant | Price | Installment | 10% deposit | 10% deposit and residual |
|---|---|---|---|---|
| 2.0L Active | R397,300 | R8,134 | R7,320 | R6,962 |
| 2.0L Dynamic | R435,200 | R8,909 | R8,019 | R7,626 |
| 2.0L Individual | R520,600 | R10,658 | R9,592 | R9,123 |
| 2.0L Hikari | R541,900 | R11,094 | R9,984 | R9,496 |
The installment goes down when a 10% deposit is provided and even further when a 10% residual is added
Factors affecting your monthly installment:
- Prime interest rate
- Loan term
- Deposit
- Residual
- Credit score
Minimum monthly salary
Banks typically recommend not spending more than 15% of your monthly salary on a car repayment. With that in mind, here is the recommended monthly salary for each variant:
| Minimum Salary | |||
|---|---|---|---|
| Variant | No deposit | 10% deposit | 10% deposit and residual |
| 2.0L Active | R54,224 | R48,801 | R46,414 |
| 2.0L Dynamic | R59,396 | R53,457 | R50,842 |
| 2.0L Individual | R71,052 | R63,947 | R60,818 |
| 2.0L Hikari | R73,959 | R66,563 | R63,307 |
Alternatives
The Mazda CX-3, as a compact SUV, aligns with the SUV-B segment, offering a balanced combination of space and efficiency ideal for both city driving and longer journeys. The table below gives a comparison to other alternatives in the SUV-B segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Chery Tiggo 4 Pro | R4,559 | R8,371 | Medium |
| Hyundai Venue | R5,562 | R10,357 | No Data |
| Haval Jolion | R5,890 | R11,873 | Low |
| Kia Sonet | R6,219 | R9,294 | Low |
| Mazda CX-3 | R6,962 | R11,094 | Low |
| Toyota Corolla Cross | R7,189 | R11,131 | High |
| Omoda C5 | R7,998 | R10,439 | Very Low |
| Hyundai Creta | R8,215 | R10,697 | No Data |
| Kia Seltos | R8,368 | R11,505 | Low |
| Mazda CX-5 | R9,568 | R15,942 | Low |
| Nissan Qashqai | R10,461 | R13,729 | Very Low |
| Ford Puma | R10,496 | R12,568 | No Data |
| Hyundai Tucson | R10,794 | R16,703 | No Data |
Stats
Current popularity for the Mazda CX-3 is Low with around 34 380 searches per month.
Tips to Secure the Best Monthly Installment Deal
Securing the best monthly installment deal is crucial for managing your finances effectively. Whether you're financing a car, home, or any other purchase, a favorable installment plan can save you money and reduce financial strain. Here are some tips to help you land the best deal:
- Research & Compare: Investigate various lenders, comparing their rates, terms, and fees using online tools.
- Check Credit Score: A better score can lead to lower rates. Regularly review and work on improving it.
- Negotiate: Don't settle for the first offer. Be informed about market rates and available promotions.
- Choose Shorter Terms: Longer terms might have smaller payments but higher interest. Opt for shorter terms if possible.
- Consider a Deposit: A significant deposit can reduce monthly payments and possibly get a better rate.
- Understand the Terms: Be clear on all conditions, especially penalties for early or missed payments.
- Maintain Your Budget: Determine your monthly limit and stick to it. Avoid tempting deals that exceed it.
- Seek Pre-approval: It provides clarity on what you qualify for and aids in negotiations.
By being diligent, informed, and proactive, you can secure a monthly installment deal that aligns with your financial goals and provides peace of mind.
Conclusion
Understanding the significance of being well-informed about the Mazda CX-3 price and monthly installment options is crucial for potential buyers. With a range of models available, each carrying different features and price points, it is important for consumers to align their needs with their budget.
Potential buyers are encouraged to engage in thorough research, comparing different trim levels and their associated costs, including any potential finance offers. Consulting a financial advisor can provide additional insight and help ensure that the chosen vehicle aligns with one’s financial plan. In a competitive automotive market, making an informed decision on the Mazda CX-3 helps secure a purchase that offers both enjoyment and value.