About to Sign CX-5 Lease - Is this a good deal?

bghead8chebghead8che Member Posts: 8
edited August 2015 in Mazda
Mazda CX-5 Grand Touring- Stock #0349750

Selling price $32,549.00 plus fees
Down Payment $1,000
36 month lease @ 15,000 miles/year
Residual Value 58%
Money Factor .00013
Payment $396/month plus tax

This seems to be spot on. My final payment would be $421 ($396 + Sales tax)

I would appreciate any advice!

Thanks.

-Brian

Comments

  • kyfdxkyfdx Moderator Posts: 207,899

    Mazda CX-5 Grand Touring- Stock #0349750

    Selling price $32,549.00 plus fees
    Down Payment $1,000
    36 month lease @ 15,000 miles/year
    Residual Value 58%
    Money Factor .00013
    Payment $396/month plus tax

    This seems to be spot on. My final payment would be $421 ($396 + Sales tax)

    I would appreciate any advice!

    Thanks.

    -Brian

    What model year? What is the MSRP?

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  • bghead8chebghead8che Member Posts: 8
    kyfdx said:

    Mazda CX-5 Grand Touring- Stock #0349750

    Selling price $32,549.00 plus fees
    Down Payment $1,000
    36 month lease @ 15,000 miles/year
    Residual Value 58%
    Money Factor .00013
    Payment $396/month plus tax

    This seems to be spot on. My final payment would be $421 ($396 + Sales tax)

    I would appreciate any advice!

    Thanks.

    -Brian

    What model year? What is the MSRP?
    Sorry. I double posted this here and in the Mazda lease thread. Regardless, the MSRP is $33,800 and its a 2016. I just want to know if it a good deal or if I need to push more. I'm new to leasing and I ran the numbers through the calculator(s) but I just want to make sure I'm not overpaying.

    Thanks.

    -Brian
  • bghead8chebghead8che Member Posts: 8

    kyfdx said:

    Mazda CX-5 Grand Touring- Stock #0349750

    Selling price $32,549.00 plus fees
    Down Payment $1,000
    36 month lease @ 15,000 miles/year
    Residual Value 58%
    Money Factor .00013
    Payment $396/month plus tax

    This seems to be spot on. My final payment would be $421 ($396 + Sales tax)

    I would appreciate any advice!

    Thanks.

    -Brian

    What model year? What is the MSRP?
    Sorry. I double posted this here and in the Mazda lease thread. Regardless, the MSRP is $33,800 and its a 2016. I just want to know if it a good deal or if I need to push more. I'm new to leasing and I ran the numbers through the calculator(s) but I just want to make sure I'm not overpaying.

    Thanks.

    -Brian
    I got them down to $390 including 6.5% Utah sales tax.
  • kyfdxkyfdx Moderator Posts: 207,899

    kyfdx said:

    Mazda CX-5 Grand Touring- Stock #0349750

    Selling price $32,549.00 plus fees
    Down Payment $1,000
    36 month lease @ 15,000 miles/year
    Residual Value 58%
    Money Factor .00013
    Payment $396/month plus tax

    This seems to be spot on. My final payment would be $421 ($396 + Sales tax)

    I would appreciate any advice!

    Thanks.

    -Brian

    What model year? What is the MSRP?
    Sorry. I double posted this here and in the Mazda lease thread. Regardless, the MSRP is $33,800 and its a 2016. I just want to know if it a good deal or if I need to push more. I'm new to leasing and I ran the numbers through the calculator(s) but I just want to make sure I'm not overpaying.

    Thanks.

    -Brian
    I got them down to $390 including 6.5% Utah sales tax.
    That's a lot better than your first quote.

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  • purduealum91purduealum91 Member Posts: 285
    Hi,
    please provide me with NJ % residual and MF for all AWD models based on 36 months and 12k miles per year.

    Also, please provide lease cash values (if any). 

    Thanks,
  • MichaellMichaell ColoradoModerator Posts: 206,401

    Hi,
    please provide me with NJ % residual and MF for all AWD models based on 36 months and 12k miles per year.

    Also, please provide lease cash values (if any). 

    Thanks,

    .00013 MF for all trims
    Sport - 57% for 36/12
    Touring and GT - 60% for 36/12

    No lease cash.

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  • fglasgofglasgo Member Posts: 2
    Hi,

    I am looking to lease a 2016 GT CX-5 in New York within the next few weeks. Could please provide me with NY % residual and MF based on 36 months and 12k miles per year.

    Also, please provide lease cash values (if any).

    Thanks in advance for your time and assistance,
  • kyfdxkyfdx Moderator Posts: 207,899
    fglasgo said:

    Hi,

    I am looking to lease a 2016 GT CX-5 in New York within the next few weeks. Could please provide me with NY % residual and MF based on 36 months and 12k miles per year.

    Also, please provide lease cash values (if any).

    Thanks in advance for your time and assistance,

    AWD? .00013 MF and 58% residual for 36/12
    .00001 MF and 61% for 33/12

    $300 lease cash

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  • karhill1karhill1 Member Posts: 165
    If you lease a $33,800 MSRP, with a price of $32,549, $1,000 down, lease case of $500 with a MF of .00013 and 58 percent residual, the lease payment for 36 months is about $325. To get to a lease payment of $390 before taxes, there would need to be about $2,450 in fees such as acquisition fee, sales tax, registration.

    Why are you putting $1,000 down? It is rarely wise to put anything down on a lease, particularly with a MF of only .00013.
  • fglasgofglasgo Member Posts: 2
    kyfdx,

    Thanks for the info. This is my first time leasing a car and I really appreciate the help. And you were right AWD, sorry for not including. A few quick follow-up questions.

    1. I assume the MF you provided was meant to be .0001 not ".00001", correct?
    2. Also, will the MF and residual change if I wait to lease in November, my guess is it will slightly?
    3. Last, more of a general question. Since I am in the position to wait a few weeks before leasing a car, does it make more sense to wait until Thanksgiving time/Christmas time, which I understand is a time when car manufacturers offer good lease terms?

    Thanks again.
  • MichaellMichaell ColoradoModerator Posts: 206,401
    fglasgo said:

    kyfdx,

    Thanks for the info. This is my first time leasing a car and I really appreciate the help. And you were right AWD, sorry for not including. A few quick follow-up questions.

    1. I assume the MF you provided was meant to be .0001 not ".00001", correct?
    2. Also, will the MF and residual change if I wait to lease in November, my guess is it will slightly?
    3. Last, more of a general question. Since I am in the position to wait a few weeks before leasing a car, does it make more sense to wait until Thanksgiving time/Christmas time, which I understand is a time when car manufacturers offer good lease terms?

    Thanks again.

    1. The MF is indeed .00001 (4 zeros)
    2. Hard to predict what will happen to the numbers next month. Can't really get any better than .00001, however.
    3. The 33 month lease numbers are excellent at the moment. Only way to make them better would be to increase the residual value or the amount of lease cash. Yes, you may be able to negotiate more off the sticker price during the holidays, but if the lease numbers change, the deal may be the same (or worse).

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