Does this seem like a good trade-in deal? (Michigan)
I'm looking to get a new 2026 Mazda 3 select sport sedan in the dark blue with no add-ons. My dealership wants a $500 non refundable deposit while they try to obtain the exact vehicle I want. There are several that just say "in transit to dealer" on Mazda's website, salesman told me he cant say when it will arrive to the other dealers, so my trade in value could drop a bit if I rack up a ton of miles while waiting for the new car to arrive. I guess that makes sense but I don't think I'd put more than a couple thousand miles on it in the meantime. Whatever.
I will be trading in my 2025 Toyota Corolla LE sedan with 45,000 miles. They are giving me $17,000 for it.
After the trade in, they want a check for $9,110, bringing the total price of the Mazda 3 to $26,610 OTD, and of course that $500 deposit goes towards that final number.
I really want to get this over with but I'm hesitant to sign a $500 deposit and want to make sure this doesn't appear that I'm getting screwed over.