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2016 Mazda CX-5 Lease Questions

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  • iamgortiamgort Member Posts: 82
    Damn those don't seem that great. Are there other programs they try to push for better numbers? 39?
  • MichaellMichaell Moderator Posts: 263,032
    iamgort said:

    Damn those don't seem that great. Are there other programs they try to push for better numbers? 39?

    33/10 - .00001 and 61%

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  • asd302asd302 Member Posts: 65
    Is the Lease Cash still valid for December?
  • kyfdxkyfdx Moderator Posts: 266,729
    asd302 said:

    Is the Lease Cash still valid for December?

    $500 lease cash on the 2016 CX-5

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  • smyphdcsmyphdc Member Posts: 13
    edited December 2015
    Looking for the base MF and residual % on 2016 Mazda CX-5 Touring AWD, 36/12, in VA and MD.

    Also, you have mentioned the $500 cash, is there a stipulation? Military, loyalty, etc.

    Thanks.

  • MichaellMichaell Moderator Posts: 263,032
    smyphdc said:

    Looking for the base MF and residual % on 2016 Mazda CX-5 Touring AWD, 36/12, in VA and MD.

    Also, you have mentioned the $500 cash, is there a stipulation? Military, loyalty, etc.

    Thanks.

    57% and .00013.

    Lease cash is a factory to dealer incentive. Use that knowledge when negotiating your best price.

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  • smyphdcsmyphdc Member Posts: 13
    Michaell said:

    smyphdc said:

    Looking for the base MF and residual % on 2016 Mazda CX-5 Touring AWD, 36/12, in VA and MD.

    Also, you have mentioned the $500 cash, is there a stipulation? Military, loyalty, etc.

    Thanks.

    57% and .00013.

    Lease cash is a factory to dealer incentive. Use that knowledge when negotiating your best price.
    Thanks Michaell, this is my first lease. I assume this MF is not common knowledge and they will try and get me to agree to something higher. Is the calculation of .00013x2400=.312 APR accurate. That seems like a great APR, no? In comparison a similar forester is at .00100x2400=2.4 APR.
  • MichaellMichaell Moderator Posts: 263,032
    smyphdc said:

    Michaell said:

    smyphdc said:

    Looking for the base MF and residual % on 2016 Mazda CX-5 Touring AWD, 36/12, in VA and MD.

    Also, you have mentioned the $500 cash, is there a stipulation? Military, loyalty, etc.

    Thanks.

    57% and .00013.

    Lease cash is a factory to dealer incentive. Use that knowledge when negotiating your best price.
    Thanks Michaell, this is my first lease. I assume this MF is not common knowledge and they will try and get me to agree to something higher. Is the calculation of .00013x2400=.312 APR accurate. That seems like a great APR, no? In comparison a similar forester is at .00100x2400=2.4 APR.
    The conversion is correct (MF x 2400=approximate APR), but if you don't like the car, then a low MF won't do you much good.

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  • smyphdcsmyphdc Member Posts: 13
    Michaell said:

    smyphdc said:

    Michaell said:

    smyphdc said:

    Looking for the base MF and residual % on 2016 Mazda CX-5 Touring AWD, 36/12, in VA and MD.

    Also, you have mentioned the $500 cash, is there a stipulation? Military, loyalty, etc.

    Thanks.

    57% and .00013.

    Lease cash is a factory to dealer incentive. Use that knowledge when negotiating your best price.
    Thanks Michaell, this is my first lease. I assume this MF is not common knowledge and they will try and get me to agree to something higher. Is the calculation of .00013x2400=.312 APR accurate. That seems like a great APR, no? In comparison a similar forester is at .00100x2400=2.4 APR.
    The conversion is correct (MF x 2400=approximate APR), but if you don't like the car, then a low MF won't do you much good.
    I like the car. Just getting my head straight. So many numbers.
  • smyphdcsmyphdc Member Posts: 13
    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.
  • MichaellMichaell Moderator Posts: 263,032
    smyphdc said:

    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.

    If I add the fees to the selling price, I get $302/mo + tax.

    We do not recommend making a down payment - if the car is stolen or totaled, you lose that money.

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  • volntitansvolntitans Member Posts: 28
    Crap, I wish I could have gotten that deal!
  • iamgortiamgort Member Posts: 82
    smyphdc said:

    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.

    Michael above said 33/10,000 is 61% residual. Is this right? If your quote is right, then 10,000 would have a higher residual right?
  • MichaellMichaell Moderator Posts: 263,032
    iamgort said:

    smyphdc said:

    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.

    Michael above said 33/10,000 is 61% residual. Is this right? If your quote is right, then 10,000 would have a higher residual right?
    33/12 on Touring AWD is 61%. For 10K it would be 62%

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  • iamgortiamgort Member Posts: 82
    Michaell said:

    iamgort said:

    smyphdc said:

    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.

    Michael above said 33/10,000 is 61% residual. Is this right? If your quote is right, then 10,000 would have a higher residual right?
    33/12 on Touring AWD is 61%. For 10K it would be 62%
    I think maybe I misunderstood as I was thinking grand touring. Are those different?
  • kyfdxkyfdx Moderator Posts: 266,729
    iamgort said:

    Michaell said:

    iamgort said:

    smyphdc said:

    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.

    Michael above said 33/10,000 is 61% residual. Is this right? If your quote is right, then 10,000 would have a higher residual right?
    33/12 on Touring AWD is 61%. For 10K it would be 62%
    I think maybe I misunderstood as I was thinking grand touring. Are those different?
    Grand Touring AWD residuals are 1% lower than Touring AWD

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  • iamgortiamgort Member Posts: 82
    kyfdx said:

    iamgort said:

    Michaell said:

    iamgort said:

    smyphdc said:

    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.

    Michael above said 33/10,000 is 61% residual. Is this right? If your quote is right, then 10,000 would have a higher residual right?
    33/12 on Touring AWD is 61%. For 10K it would be 62%
    I think maybe I misunderstood as I was thinking grand touring. Are those different?
    Grand Touring AWD residuals are 1% lower than Touring AWD
    so AWD grand touring 33/10 would be 61% and .00001?
  • MichaellMichaell Moderator Posts: 263,032
    iamgort said:

    kyfdx said:

    iamgort said:

    Michaell said:

    iamgort said:

    smyphdc said:

    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start..

    31225 MSRP
    29014 Sale price (-500 rebate)
    275 State fees
    595 Acq fee
    .61 residual
    0.00001 money factory
    33 month term
    12k Mile
    0 security deposit

    $336 monthly.

    Thinking about putting another 1K down to lower monthly.

    Michael above said 33/10,000 is 61% residual. Is this right? If your quote is right, then 10,000 would have a higher residual right?
    33/12 on Touring AWD is 61%. For 10K it would be 62%
    I think maybe I misunderstood as I was thinking grand touring. Are those different?
    Grand Touring AWD residuals are 1% lower than Touring AWD
    so AWD grand touring 33/10 would be 61% and .00001?
    That is correct.

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  • iamgortiamgort Member Posts: 82
    edited December 2015
    I am prepping to move in on a cx-5. Confirming there is $500 lease cash? The car I am looking at is:

    AWD Grand Touring
    MSRP: 33630
    Sell Price: 31749
    Rebate: 500
    Tax 3% (Virginia)
    Mileage: 10,000
    Term: 33 months
    Acquisition fee: 595

    I don't have doc fee or registration fee yet

    My calculations if I assume 37 DMV dee and 200 doc fee come out to

    $379/month

    anything look off?
  • MichaellMichaell Moderator Posts: 263,032
    iamgort said:

    I am prepping to move in on a cx-5. Confirming there is $500 lease cash? The car I am looking at is:

    AWD Grand Touring
    MSRP: 33630
    Sell Price: 31749
    Rebate: 500
    Tax 3% (Virginia)
    Mileage: 10,000
    Term: 33 months
    Acquisition fee: 595

    I don't have doc fee or registration fee yet

    My calculations if I assume 37 DMV dee and 200 doc fee come out to

    $379/month

    anything look off?

    If the sell price is the net cap cost, then I get $326/mo.

    .00001 and 61% are the relevant lease numbers this month for AWD GT 33/10.

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  • iamgortiamgort Member Posts: 82
    Michaell said:

    iamgort said:

    I am prepping to move in on a cx-5. Confirming there is $500 lease cash? The car I am looking at is:

    AWD Grand Touring
    MSRP: 33630
    Sell Price: 31749
    Rebate: 500
    Tax 3% (Virginia)
    Mileage: 10,000
    Term: 33 months
    Acquisition fee: 595

    I don't have doc fee or registration fee yet

    My calculations if I assume 37 DMV dee and 200 doc fee come out to

    $379/month

    anything look off?

    If the sell price is the net cap cost, then I get $326/mo.

    .00001 and 61% are the relevant lease numbers this month for AWD GT 33/10.
    Thank you. I may not be able to finalize these before January do we know if the numbers will change for January?
  • MichaellMichaell Moderator Posts: 263,032
    iamgort said:

    Michaell said:

    iamgort said:

    I am prepping to move in on a cx-5. Confirming there is $500 lease cash? The car I am looking at is:

    AWD Grand Touring
    MSRP: 33630
    Sell Price: 31749
    Rebate: 500
    Tax 3% (Virginia)
    Mileage: 10,000
    Term: 33 months
    Acquisition fee: 595

    I don't have doc fee or registration fee yet

    My calculations if I assume 37 DMV dee and 200 doc fee come out to

    $379/month

    anything look off?

    If the sell price is the net cap cost, then I get $326/mo.

    .00001 and 61% are the relevant lease numbers this month for AWD GT 33/10.
    Thank you. I may not be able to finalize these before January do we know if the numbers will change for January?
    Don't know what will happen to the numbers next month.

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  • jivedonkeyjivedonkey Member Posts: 7
    smyphdc said:
    Advise.. 2016 CX5 Touring, Tech, Bose and Mazda Mobile Start.. 31225 MSRP 29014 Sale price (-500 rebate) 275 State fees 595 Acq fee .61 residual 0.00001 money factory 33 month term 12k Mile 0 security deposit $336 monthly. Thinking about putting another 1K down to lower monthly.
    How much out the door?
  • ep1141ep1141 Member Posts: 14
    Are the January #'s availble?

    Thanks
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  • kyfdxkyfdx Moderator Posts: 266,729
    ep1141 said:

    Are the January #'s availble?

    Thanks

    Yes.. which model?

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  • ep1141ep1141 Member Posts: 14
    GT awd
  • kyfdxkyfdx Moderator Posts: 266,729
    ep1141 said:

    GT awd

    .00001 MF and 55% residual for 36mo, 15K/yr. $500 lease cash

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  • ep1141ep1141 Member Posts: 14
    Thanks. That really helps.
  • asd302asd302 Member Posts: 65
    Is the 33 month term still advantageous?
  • MichaellMichaell Moderator Posts: 263,032
    asd302 said:

    Is the 33 month term still advantageous?

    For the CX-5, yes. MF is .00001 and residual is either 1% or 2% higher than 36 months.

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  • Dylan0284Dylan0284 Member Posts: 2
    Hello - Looking for the resids and MF for FL for FWD Touring (2016) for 36m/12k and 39m/12k. Thanks in advance.
  • kyfdxkyfdx Moderator Posts: 266,729
    Dylan0284 said:

    Hello - Looking for the resids and MF for FL for FWD Touring (2016) for 36m/12k and 39m/12k. Thanks in advance.

    .00001 MF and 56% residual
    .00017 MF and 56% residual

    $500 lease cash

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  • ike2187ike2187 Member Posts: 5
    edited January 2016
    Could someone provide me the MF and residual for a 2016 AWD Sport (+ backup camera) in NJ for 33m/15k, 36m/15k, 39m/15k? Also is the lease through Chase? (thats what one dealer had mentioned) Thanks in advance.
  • MichaellMichaell Moderator Posts: 263,032
    ike2187 said:

    Could someone provide me the MF and residual for a 2016 AWD Sport (+ backup camera) in NJ for 33m/15k, 36m/15k, 39m/15k? Also is the lease through Chase? (thats what one dealer had mentioned) Thanks in advance.

    .00001 and 56% / 54% / 54%. $600 lease cash.

    Mazda Capital Services is affiliated with Chase, yes.

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  • ike2187ike2187 Member Posts: 5
    Michaell said:

    ike2187 said:

    Could someone provide me the MF and residual for a 2016 AWD Sport (+ backup camera) in NJ for 33m/15k, 36m/15k, 39m/15k? Also is the lease through Chase? (thats what one dealer had mentioned) Thanks in advance.

    .00001 and 56% / 54% / 54%. $600 lease cash.

    Mazda Capital Services is affiliated with Chase, yes.
    Thanks. Is MCS affiliated with anyone else? Just wanted to make sure they were not using someone else. Seems like they were trying to make a quick buck on us.. gave me a MF of .00039.
  • MichaellMichaell Moderator Posts: 263,032
    ike2187 said:

    Michaell said:

    ike2187 said:

    Could someone provide me the MF and residual for a 2016 AWD Sport (+ backup camera) in NJ for 33m/15k, 36m/15k, 39m/15k? Also is the lease through Chase? (thats what one dealer had mentioned) Thanks in advance.

    .00001 and 56% / 54% / 54%. $600 lease cash.

    Mazda Capital Services is affiliated with Chase, yes.
    Thanks. Is MCS affiliated with anyone else? Just wanted to make sure they were not using someone else. Seems like they were trying to make a quick buck on us.. gave me a MF of .00039.
    Nope.

    Dealer is allowed to mark up the MF for extra profit.

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  • 2016cx5mn2016cx5mn Member Posts: 11
    Looking to buy a new 2016 Mazda CX-5 Grand Touring AWD Sol Red & Parchment Leather, no other options. in Minnesota.

    Got worksheet from dealer emailed to me. confusing as heck.

    MSRP 30650
    Price: 30399 (is this the cap cost? cause not enough off? - should be like $800 off? of MSRP), Says money factor .00017, term 39 months

    Cash $4,000. (she wrote in this is "$1,995 down + TTL guessing to be about another $2000") but yet worksheet also says tax is: 2394.80, Govt fees (guessing license?) $378.75, DOC fee $75.00,

    TOT INIT payment $4500.00,
    Residual 17470.50
    Residual .57
    Monthly paymt $280.38
    Security Deposit 0

    Seems like the numbers are all screwy and missing some info? I'll see if I can post it here.

    Basically she's telling me it's $280/month and about $4,000 total due at signing $1,995 down + TTL) for 10k miles a year and 39 months. but the worksheet does not look that way, correct?

  • kyfdxkyfdx Moderator Posts: 266,729
    2016cx5mn said:

    Looking to buy a new 2016 Mazda CX-5 Grand Touring AWD Sol Red & Parchment Leather, no other options. in Minnesota.

    Got worksheet from dealer emailed to me. confusing as heck.

    MSRP 30650
    Price: 30399 (is this the cap cost? cause not enough off? - should be like $800 off? of MSRP), Says money factor .00017, term 39 months

    Cash $4,000. (she wrote in this is "$1,995 down + TTL guessing to be about another $2000") but yet worksheet also says tax is: 2394.80, Govt fees (guessing license?) $378.75, DOC fee $75.00,

    TOT INIT payment $4500.00,
    Residual 17470.50
    Residual .57
    Monthly paymt $280.38
    Security Deposit 0

    Seems like the numbers are all screwy and missing some info? I'll see if I can post it here.

    Basically she's telling me it's $280/month and about $4,000 total due at signing $1,995 down + TTL) for 10k miles a year and 39 months. but the worksheet does not look that way, correct?

    Is it 39mo, 10K/yr? If so, the money factor and residual are correct.

    Usually a screenshot like that will show the actual adjusted CAP cost. That seems to be missing here.

    Which state is this? The tax looks way too high. Which brings me back to the CAP cost. You need to know the cap cost and how much of the $4500 is going to CAP reduction. Also, no mention of the acquisition fee.

    Also, as you note, that's not much of a discount.

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  • 2016cx5mn2016cx5mn Member Posts: 11
    Yes, 39mo, 10K/yr. Yes seems to have info missing and numbers that do not add up. She kept emailing that it'd be $280/month with "about $4,000 down" but also saying that We are only putting $1995 down. but to me, reading the worksheet, it looks like $4,000 down, plus tax title & license & fees, etc. what I add up to be about $6,848.55 due at signing. I kept asking WHAT IS THE TOTAL DUE AT SIGNING/UPON DELIVERY, kept getting "about $4,000". which does not make sense. if it's $4,000 down + TTL, etc that would explain the high taxes right?

    ok, she just sent this:
    "I'm sorry its so confusing-
    To get to the $280 (OAC) a month payment we would need you to bring $4000 to the table.
    This would cover tax, title, license, fees plus the CAP COST. This is for a 39 month lease with 10,000 a year.
    Priced based on a 2016 Mazda CX5 Grand Touring BASE (no TECH package or Iactive). Soul Red with Parchment interior."

    I'll take that deal if it's $280/mo and total due at signing is $4k. 2016 CX5 GT AWD 39mo 10k/year, but I bet it's $6848.55 total due at signing or somewhere around there. I asked her to please make or have someone make a full complete worksheet and send it.
    wow, so painful this is. why I hate buying a car.

    btw, I got this from another dealer - fast and easy - but higher than what she is claiming to offer us:

    "I see you are looking at getting a lease for 36 months 36,000 miles on the 2016 Mazda CX-5 Grand Touring in Soul Red/Parchment leather interior.
    With $1,999.00 down plus taxes, title and license fees the payment will be $318/mo. o.a.c. the estimated total of these fees will be about $4,162 due at signing." MSRP $30,650 - Discount $750 = PRICE $29,900"

    also, the Mazda lease program is 36months 10k miles a year. but what is the best rate/deal? 39 months? or 36 months? or is there a better term? like 30 months or 48 months? any of those would be fine but I'd rather be around 36-39months.

  • kyfdxkyfdx Moderator Posts: 266,729
    2016cx5mn said:

    Yes, 39mo, 10K/yr. Yes seems to have info missing and numbers that do not add up. She kept emailing that it'd be $280/month with "about $4,000 down" but also saying that We are only putting $1995 down. but to me, reading the worksheet, it looks like $4,000 down, plus tax title & license & fees, etc. what I add up to be about $6,848.55 due at signing. I kept asking WHAT IS THE TOTAL DUE AT SIGNING/UPON DELIVERY, kept getting "about $4,000". which does not make sense. if it's $4,000 down + TTL, etc that would explain the high taxes right?

    ok, she just sent this:
    "I'm sorry its so confusing-
    To get to the $280 (OAC) a month payment we would need you to bring $4000 to the table.
    This would cover tax, title, license, fees plus the CAP COST. This is for a 39 month lease with 10,000 a year.
    Priced based on a 2016 Mazda CX5 Grand Touring BASE (no TECH package or Iactive). Soul Red with Parchment interior."

    I'll take that deal if it's $280/mo and total due at signing is $4k. 2016 CX5 GT AWD 39mo 10k/year, but I bet it's $6848.55 total due at signing or somewhere around there. I asked her to please make or have someone make a full complete worksheet and send it.
    wow, so painful this is. why I hate buying a car.

    btw, I got this from another dealer - fast and easy - but higher than what she is claiming to offer us:

    "I see you are looking at getting a lease for 36 months 36,000 miles on the 2016 Mazda CX-5 Grand Touring in Soul Red/Parchment leather interior.
    With $1,999.00 down plus taxes, title and license fees the payment will be $318/mo. o.a.c. the estimated total of these fees will be about $4,162 due at signing." MSRP $30,650 - Discount $750 = PRICE $29,900"

    also, the Mazda lease program is 36months 10k miles a year. but what is the best rate/deal? 39 months? or 36 months? or is there a better term? like 30 months or 48 months? any of those would be fine but I'd rather be around 36-39months.

    It's .00001 MF and 58% residual for 36/10.

    Probably a slightly higher monthly price for that.

    Which state is this?

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  • 2016cx5mn2016cx5mn Member Posts: 11
    Minnesota.

    so 39/10 would be better than 36/10?
  • kyfdxkyfdx Moderator Posts: 266,729
    2016cx5mn said:

    Minnesota.

    so 39/10 would be better than 36/10?

    Slightly better

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  • robdmb18robdmb18 Member Posts: 4
    Hi.

    Could anyone tell me what the current leases are on a 2016 CX-5 Grand Touring AWD with Tech and I-ActiveSense Packages? I am looking for a 15k lease with $0 down. Probably 36 months, but would be open to a 33 or 39 month if one is better (is 33 month still sweet spot?)

    Thank you.

    - Rob
  • MichaellMichaell Moderator Posts: 263,032
    robdmb18 said:

    Hi.

    Could anyone tell me what the current leases are on a 2016 CX-5 Grand Touring AWD with Tech and I-ActiveSense Packages? I am looking for a 15k lease with $0 down. Probably 36 months, but would be open to a 33 or 39 month if one is better (is 33 month still sweet spot?)

    Thank you.

    - Rob

    33/15 - .00001 and 56%
    36/15 - .00001 and 55%
    39/15 - .00017 and 54%

    $500 lease cash.

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  • 2016cx5mn2016cx5mn Member Posts: 11
    what is the best rate to go with monthly term wise? we only need 10k miles a year. and we'd be fine with anything from a 30, 33, 36, 39 up to 48 month lease. is one of those month terms a lot better deal than the rest? no idea on this stuff.
  • MichaellMichaell Moderator Posts: 263,032
    2016cx5mn said:

    what is the best rate to go with monthly term wise? we only need 10k miles a year. and we'd be fine with anything from a 30, 33, 36, 39 up to 48 month lease. is one of those month terms a lot better deal than the rest? no idea on this stuff.

    33 and 36 months are the sweet spot for Mazda this month. .00001 MF

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  • 2016cx5mn2016cx5mn Member Posts: 11
    ok, finally got the full (I'm hoping) lease worksheet from the dealer.
    For some reason it's on 2 pages??? never seen that before.
    also with all the info I'm lost as to the price, I'm paying etc.

    This is for a 2016 Mazda CX-5 Grand Touring AWD Sol Red w/Parchment leather - no tech, no i-sense packages - MSRP $30,650
    And they say they are throwing in a FREE 2 way remote engine start

    39/month/10k miles a year.
    $3,500 total due at signing
    $293.62 a month.

    MSRP should be $30,650 (Invoice is $29,778 - saying fair purchase price s/b $30,037 with the $880 destination fee)

    If I'm reading the lease worksheet correctly:
    1) the Cap cost $31,447.75 is a lot higher than the MSRP? why?
    2) The price for the vehicle is $30,399? if so that's not much of a discount. s/b about another $350 off?
    Yet the monthly payment $293.62 with $3,500 total due at signing seems low? what am I missing?

    Got this online:
    Destination Fee $880
    Total Fair Purchase Price $30,037
    Estimated Tax & License for 55428 - $2,373
    Out-the-Door Target Price $32,410

    This is Minnesota - so I think we pay all the lease term $ taxes upfront???
    Here is what they emailed me: make sense? everything there? is this good? bad? ugly? Thanks in advance.

  • MichaellMichaell Moderator Posts: 263,032
    2016cx5mn said:

    ok, finally got the full (I'm hoping) lease worksheet from the dealer.
    For some reason it's on 2 pages??? never seen that before.
    also with all the info I'm lost as to the price, I'm paying etc.

    This is for a 2016 Mazda CX-5 Grand Touring AWD Sol Red w/Parchment leather - no tech, no i-sense packages - MSRP $30,650
    And they say they are throwing in a FREE 2 way remote engine start

    39/month/10k miles a year.
    $3,500 total due at signing
    $293.62 a month.

    MSRP should be $30,650 (Invoice is $29,778 - saying fair purchase price s/b $30,037 with the $880 destination fee)

    If I'm reading the lease worksheet correctly:
    1) the Cap cost $31,447.75 is a lot higher than the MSRP? why?
    2) The price for the vehicle is $30,399? if so that's not much of a discount. s/b about another $350 off?
    Yet the monthly payment $293.62 with $3,500 total due at signing seems low? what am I missing?

    Got this online:
    Destination Fee $880
    Total Fair Purchase Price $30,037
    Estimated Tax & License for 55428 - $2,373
    Out-the-Door Target Price $32,410

    This is Minnesota - so I think we pay all the lease term $ taxes upfront???
    Here is what they emailed me: make sense? everything there? is this good? bad? ugly? Thanks in advance.

    I get the same payment. We don't recommend making a down payment on a lease - that money is at risk if the car is stolen or totaled.

    $2400 in taxes seems like a lot. I thought MN taxes the monthly payment; at worst, it calculates the tax on the sum of the payments. Only a few states tax the entire selling price.

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  • tj11119tj11119 Guest, Member Posts: 138
    Looking for lease terms at 12k/33 months (if better than 36) for a 2016 cx-5 Sport Fwd Auto. Any lease cash for the Socal area?

    Thanks!
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