Is this a good lease deal on Mazda GT CX 5 AWD in New Jersey?

apollo125

MSRP of Mazda GT CX5 AWD $32,285, Net Cap Cost( negotiated price of car $30,310- $500 lease cash - $1,500 down payment + $595 acquisition fee) = $28,905, residual 56% = $18,080, if money factor is .00013 for 36 month/12,000 miles I get $306.80 + $21.48 (7% tax)=
$328.28 monthly lease payment including tax without tags/etc
Dealer gave me guote price of $339 includes tax/tags/reg
Is this a good deal or can I do better, this is my first time leasing.
I feel that I should be able to do a little better, please can you verify my figures. Thank you

kyfdx

apollo125 said:

MSRP of Mazda GT CX5 AWD $32,285, Net Cap Cost( negotiated price of car $30,310- $500 lease cash - $1,500 down payment + $595 acquisition fee) = $28,905, residual 56% = $18,080, if money factor is .00013 for 36 month/12,000 miles I get $306.80 + $21.48 (7% tax)=
$328.28 monthly lease payment including tax without tags/etc
Dealer gave me guote price of $339 includes tax/tags/reg
Is this a good deal or can I do better, this is my first time leasing.
I feel that I should be able to do a little better, please can you verify my figures. Thank you

New Jersey calculates the total tax, then adds it to the CAP cost. That will change your calculation a little.

Also, the best term, this month is the 39 month lease. It uses the same MF and residual as the 36 month lease.

Your calculations are correct for the numbers you have. But, if $1500 is your total amount upfront, you have to subtract out for the first payment and title/registration fees. If it's just a downpayment, and the other charges are on top of that, then you are pretty close.

39 month term will knock about $25/mo. off the payment.

carab876

I am thinking of getting a CX-9 Touring with an price of $33448 with rebate of 2525 resulting in 30923; to this will be included the MA tax of 6.25% (about 900), acq fee of $595, doc fee 354 and title/reg: 133-so essentially zero down; My total monthly payment is coming to about $390 for a 39 month with a MF of .00010. is this a good deal??? THANKS AXB

carab876

To the above I shld add the residual value is approx $17625 and 12K miles