Mazda CX-5 Monthly Installment
by Leland Morrison, on 28 November 2023
Jump to
- Overview
- Evolution of the Mazda CX-5
- Mazda CX-5 Price
- Mazda CX-5 Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Mazda CX-5 is a compelling family SUV known for its sophisticated design, attention to detail, and dynamic performance. Characterized by its KODO – Soul of Motion design philosophy, the CX-5 offers a seamless integration of style and function, embodied in its sleek exterior and high-quality interior finishes. Its front end design, featuring a signature wing extending from the 3D textured grille, captures the eye while its cabin is a study in comfort and control, with features like a full-colour Head-Up Display (HUD) available on select trims.
Advancements in technology and design result not only in a quieter and smoother ride but also in support of the S-curve of the spine with its well-designed seats. With a range of engaging colours and a 360° digital experience available to potential customers, Mazda ensures that every interaction with the CX-5 is as intuitive and joyful as the drive itself.
Evolution
Since its introduction, the Mazda CX-5 has undergone a series of enhancements that have solidified its place in the competitive SUV market. Mazda engineers have aimed to create an emotional connection between the car and its occupants, leading to a philosophy that intertwines pleasure and functionality. Over time, the CX-5 has seen improvements in performance, comfort, and technology, reflecting the brand's commitment to quality and driver satisfaction.
The evolution of the CX-5 is marked by upgrades such as the more angled centre console, redesigned instrument panel, and optimized use of space and storage. The emphasis on human craftsmanship and the desire to produce an artful driving experience resonate through each iteration. With each model year, the CX-5 has become more refined, catering to a growing audience that values both emotional appeal and practical sensibility in their vehicle choice.
Price
The Mazda CX-5 is available in a range of variants, each with its own set of features and price tag. The base model starts at R524,600, while the top-of-the-line variant is priced at R778,700. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| 2.0L Active | R524,600 |
| 2.0L Dynamic | R575,000 |
| 2.0L Carbon Edition FWD | R651,800 |
| 2.5L Individual AWD | R742,300 |
| 2.2L DE Akera AWD | R778,700 |
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-5 vary between R9,193 and R15,942
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 | R524,600 | R10,740 | R9,666 | R9,193 |
| 2.0L Dynamic | R575,000 | R11,771 | R10,594 | R10,076 |
| 2.0L Carbon Edition FWD | R651,800 | R13,344 | R12,009 | R11,422 |
| 2.5L Individual AWD | R742,300 | R15,196 | R13,677 | R13,008 |
| 2.2L DE Akera AWD | R778,700 | R15,942 | R14,347 | R13,646 |
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 | R71,598 | R64,438 | R61,286 |
| 2.0L Dynamic | R78,476 | R70,629 | R67,174 |
| 2.0L Carbon Edition FWD | R88,958 | R80,062 | R76,146 |
| 2.5L Individual AWD | R101,310 | R91,179 | R86,718 |
| 2.2L DE Akera AWD | R106,278 | R95,650 | R90,970 |
Alternatives
The Mazda CX-5 represents the characteristics of the SUV-B segment, with its compact yet spacious design, making it an ideal choice for both city and adventure driving. The table below gives a comparison to other alternatives in the SUV-B segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Kia Sonet | R5,844 | R9,294 | Low |
| Mazda CX-3 | R6,587 | R11,094 | Low |
| Toyota Corolla Cross | R6,814 | R11,131 | High |
| Omoda C5 | R7,623 | R10,439 | Very Low |
| Hyundai Creta | R7,840 | R10,697 | No Data |
| Kia Seltos | R7,993 | R11,505 | Low |
| Mazda CX-5 | R9,193 | R15,942 | Low |
| Nissan Qashqai | R10,085 | R13,729 | Very Low |
| Ford Puma | R10,120 | R12,568 | No Data |
| Hyundai Tucson | R10,419 | R16,703 | No Data |
| Honda CRV | R10,939 | R17,174 | Very Low |
| VW Tiguan | R11,035 | R17,002 | Medium |
| Citroen C5 Aircross | R11,430 | R14,001 | Very Low |
| Kia Sportage | R11,514 | R16,357 | Low |
| Toyota RAV4 | R12,755 | R17,059 | Low |
| Audi Q3 | R13,357 | R16,634 | Low |
Stats
Current popularity for the Mazda CX-5 is Low with around 35 840 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 nuances of the Mazda CX-5 price points and monthly installment options is crucial for potential buyers. As a well-regarded player in the SUV-C segment, the CX-5 offers a remarkable blend of aesthetic appreciation and driving dynamics, making it a favourite among car enthusiasts and practical consumers alike. Ensuring that one is well-informed about the financial aspects of purchasing a CX-5 can significantly impact the overall satisfaction with the vehicle.
Prospective buyers should undertake detailed research and consider consulting with financial advisors to understand the full scope of owning a Mazda CX-5. These steps will aid in making an informed decision and finding a deal that best suits personal budgets and lifestyles, ultimately leading to a rewarding car ownership experience.