2016.5 Mazda CX-5 Lease Questions

kyfdx

mplslexus said:

$750 off of $32,225 does not sound big. I'd like more. but bigger than the first quote had at $490. which was supposed to be $750 per their website

And speaking of that, the first quote gal I got her to send me correct lease info. she admitted it was incomplete and not correct. which to me I was like why are you sending this to us then? anyhow

Now the 1st quote is also $750 off.

Here's the details:
36months.
12k miles (this will have to be fixed a I told her 10k miles per year) ugh
Cap cost reduction $4,000
Monthly pymt is $280.28
Amount due at lease signing or delivery is $4,280 (I told her to use $4,000) looks like she has $4,000 cap cost reduction + first payment which is why $4,280 due at signing)

Turn in fee at end of lease $300 (never had this ever on a lease before)

$14,390.08 total cost of lease for 36 months

Gross cap cost is $33,407.57
The agreed value of the vehicle is $31,475
adjusted cap cost $29,407.57
Residual $19,335
depreciation $10,072.57
rent charge $17.51
for a total 10,090.08
Buy at end of lease $19,335 + $50 option fee (never had that before either)

Agreed value is $31,475
Sales tax $835.82
Title, license and registration fees$426.75
Acquisition fee $595
dealer doc fee $75
= Gross cap cost $33,407.57

Total taxes and fees $3205.15


So
1) is this good? great? correct?
2) what things should we pay at signing, and what should we roll into the lease? and what will that be due at signing and what will the monthly be?

also, a bit of a problem. she now mentioned the car has 50 miles on it. says from a dealer transfer they did on it before we came along. and then she drove it. I told her we want a NEW car, with like 6-14 miles on it. so now we'd have to take another color. they have a white one everything the same with 9 miles on it.

Disposition fees are on just about every lease now.
Roll everything in... plus, keep your $4000. The interest rate is virtually zero, so take advantage of it.
You are driving the car 30,000 miles. Not sure how 50 miles will make a difference.

Michaell

kyfdx said:

mplslexus said:

$750 off of $32,225 does not sound big. I'd like more. but bigger than the first quote had at $490. which was supposed to be $750 per their website

And speaking of that, the first quote gal I got her to send me correct lease info. she admitted it was incomplete and not correct. which to me I was like why are you sending this to us then? anyhow

Now the 1st quote is also $750 off.

Here's the details:
36months.
12k miles (this will have to be fixed a I told her 10k miles per year) ugh
Cap cost reduction $4,000
Monthly pymt is $280.28
Amount due at lease signing or delivery is $4,280 (I told her to use $4,000) looks like she has $4,000 cap cost reduction + first payment which is why $4,280 due at signing)

Turn in fee at end of lease $300 (never had this ever on a lease before)

$14,390.08 total cost of lease for 36 months

Gross cap cost is $33,407.57
The agreed value of the vehicle is $31,475
adjusted cap cost $29,407.57
Residual $19,335
depreciation $10,072.57
rent charge $17.51
for a total 10,090.08
Buy at end of lease $19,335 + $50 option fee (never had that before either)

Agreed value is $31,475
Sales tax $835.82
Title, license and registration fees$426.75
Acquisition fee $595
dealer doc fee $75
= Gross cap cost $33,407.57

Total taxes and fees $3205.15


So
1) is this good? great? correct?
2) what things should we pay at signing, and what should we roll into the lease? and what will that be due at signing and what will the monthly be?

also, a bit of a problem. she now mentioned the car has 50 miles on it. says from a dealer transfer they did on it before we came along. and then she drove it. I told her we want a NEW car, with like 6-14 miles on it. so now we'd have to take another color. they have a white one everything the same with 9 miles on it.

Disposition fees are on just about every lease now.
Roll everything in... plus, keep your $4000. The interest rate is virtually zero, so take advantage of it.
You are driving the car 30,000 miles. Not sure how 50 miles will make a difference.

+1 on the miles. I leased a new Jetta just over a month ago, and it had 41 miles on it when I took delivery.

jkipster

Thanks to the mods for confirming the lease terms, I found the sweet spot for this lease that I just negotiated for a family member:

2016.5 CX-5 GT Fwd with Tech in Soul Red
30/10K
MSRP $30,925
Selling Price $28,453
Residual $22,266 72%
Money factor 0.00120
Cap cost $29,048
Adj. Cap Cost $28,736

$750 loyalty rebate applied to:
$312 CCR
$438 Driveoffs

Payment $277 + tax
$0 out of pocket with Mazda's zero to drive covering the first month.

Michaell

jkipster said:

Thanks to the mods for confirming the lease terms, I found the sweet spot for this lease that I just negotiated for a family member:

2016.5 CX-5 GT Fwd with Tech in Soul Red
30/10K
MSRP $30,925
Selling Price $28,453
Residual $22,266 72%
Money factor 0.00120
Cap cost $29,048
Adj. Cap Cost $28,736

$750 loyalty rebate applied to:
$312 CCR
$438 Driveoffs

Payment $277 + tax
$0 out of pocket with Mazda's zero to drive covering the first month.

Congrats!

andrew94566

Looking for October numbers for Touring AWD. 36/12k. Northern California. Thanks!

kyfdx

andrew94566 said:

Looking for October numbers for Touring AWD. 36/12k. Northern California. Thanks!

Sorry, but we don't have the October Mazda programs, yet.

mpaige915

Hi there! Can you please tell me the money factor and residual value of a 2016.5 Mazda CX 5 Touring FWD in the Los Angeles area, assuming 10,000 miles/year on a 36-month lease? Many thanks!

kyfdx

mpaige915 said:

Hi there! Can you please tell me the money factor and residual value of a 2016.5 Mazda CX 5 Touring FWD in the Los Angeles area, assuming 10,000 miles/year on a 36-month lease? Many thanks!

.00023 MF and 61% residual.
$515 lease cash

cstark27

Looking for MF/RV on a 30/10k in 67212. Thanks!

2016.5 CX-5 Touring AWD
2016.5 CX-5 Grand Touring AWD

Michaell

cstark27 said:

Looking for MF/RV on a 30/10k in 67212. Thanks!

2016.5 CX-5 Touring AWD
2016.5 CX-5 Grand Touring AWD

30/10? Those numbers are horrible....

.00190 and 74% for either trim.

36/10 numbers are much better: .00023 and 62%

$515 lease cash.

cstark27

Michaell said:

cstark27 said:

Looking for MF/RV on a 30/10k in 67212. Thanks!

2016.5 CX-5 Touring AWD
2016.5 CX-5 Grand Touring AWD

30/10? Those numbers are horrible....

.00190 and 74% for either trim.

36/10 numbers are much better: .00023 and 62%

$515 lease cash.

Glad I asked! I was looking at another source which didn't end up being close.

Is the $515 lease cash stackable with $750 loyalty lease?

Michaell

cstark27 said:

Michaell said:

cstark27 said:

Looking for MF/RV on a 30/10k in 67212. Thanks!

2016.5 CX-5 Touring AWD
2016.5 CX-5 Grand Touring AWD

30/10? Those numbers are horrible....

.00190 and 74% for either trim.

36/10 numbers are much better: .00023 and 62%

$515 lease cash.

Glad I asked! I was looking at another source which didn't end up being close.

Is the $515 lease cash stackable with $750 loyalty lease?

The incentives should combine.

zmaster69

Is this a good deal?
2016.5 CX 5 Sport FWD
36/10 $0 drive off $276/month (tax included)

Michaell

zmaster69 said:

Is this a good deal?
2016.5 CX 5 Sport FWD
36/10 $0 drive off $276/month (tax included)

I get $277/mo, so the quote looks good.

zmaster69

Thanks for the reply but is this a good deal for CX 5 Sport FWD right now or is just average? Do you think I could get them to lower the price a little more? I was told the MF is .000325 I don't remember exactly

zmaster69

Sorry!! forgot to quote

Michaell said:

zmaster69 said:

Is this a good deal?
2016.5 CX 5 Sport FWD
36/10 $0 drive off $276/month (tax included)

I get $277/mo, so the quote looks good.

zmaster69 said:

Thanks for the reply but is this a good deal for CX 5 Sport FWD right now or is just average? Do you think I could get them to lower the price a little more? I was told the MF is .000325 I don't remember exactly

Michaell

zmaster69 said:

Sorry!! forgot to quote

Michaell said:

zmaster69 said:

Is this a good deal?
2016.5 CX 5 Sport FWD
36/10 $0 drive off $276/month (tax included)

I get $277/mo, so the quote looks good.

zmaster69 said:

Thanks for the reply but is this a good deal for CX 5 Sport FWD right now or is just average? Do you think I could get them to lower the price a little more? I was told the MF is .000325 I don't remember exactly

We don't track selling prices - use the 'make / model / year' pull downs at the top of the page to link to the price tools. Ideally, you should be able to be the TMV price you get.

rickz

Hello,

Can you please provide MF and residuals for the FWD 2016.5 CX-5 Grand Touring in Tennessee for all available terms between 24 and 39 months?

kyfdx

rickz said:

Hello,

Can you please provide MF and residuals for the FWD 2016.5 CX-5 Grand Touring in Tennessee for all available terms between 24 and 39 months?

15K/yr

24: .00280 MF and 79%
30: .00190 MF and 71%
33: .00110 MF and 65%
36: .00023 MF and 58%
39: .00001 MF and 55%

Payments will be lower, the farther down you go.

rickz

Thank you! Sorry I forget to include mileage. Do you have them for 12k/yr?

Michaell

rickz said:

Thank you! Sorry I forget to include mileage. Do you have them for 12k/yr?

Add 2% to all residual values for 12K

chrisutpg

Looking for MF and residual of a 2016.5 touring and grand touring in NJ for 36/12 and 36/15. Both AWD. Any help would be much appreciated!

Thanks again in advanced this forum has help a bunch!

kyfdx

rickz said:

Thank you! Sorry I forget to include mileage. Do you have them for 12k/yr?

Add 2% for 12K/yr

Michaell

chrisutpg said:

Looking for MF and residual of a 2016.5 touring and grand touring in NJ for 36/12 and 36/15. Both AWD. Any help would be much appreciated!

Thanks again in advanced this forum has help a bunch!

36/15 - .00023 and 59%

$515 lease cash.

Add 2% for 12k

bobd21

What is the MF and Res % for 2016.5 CX-5 36 Mo 10K and also 12K for So CA. Thanks in advance.

Michaell

bobd21 said:

What is the MF and Res % for 2016.5 CX-5 36 Mo 10K and also 12K for So CA. Thanks in advance.

What trim level? FWD or AWD?

chowan1

Hi Can I have the numbers for AWD Touring for the following options in NYC?
2 years/10k and 12k miles
3 years/10k and 12k miles
Thanks

bobd21

Michaell said:

bobd21 said:

What is the MF and Res % for 2016.5 CX-5 36 Mo 10K and also 12K for So CA. Thanks in advance.

What trim level? FWD or AWD?

Grand Touring FWD please.

Michaell

chowan1 said:

Hi Can I have the numbers for AWD Touring for the following options in NYC?
2 years/10k and 12k miles
3 years/10k and 12k miles
Thanks

.00280 and 82% 81%
.00023 and 62% 62%

$515 lease cash

Michaell

bobd21 said:

Michaell said:

bobd21 said:

What is the MF and Res % for 2016.5 CX-5 36 Mo 10K and also 12K for So CA. Thanks in advance.

What trim level? FWD or AWD?

Grand Touring FWD please.

.00023 and 61% 60%

$515 lease cash

chowan1

Michaell said:

chowan1 said:

Hi Can I have the numbers for AWD Touring for the following options in NYC?
2 years/10k and 12k miles
3 years/10k and 12k miles
Thanks

.00280 and 82% 81%
.00023 and 62% 62%

$515 lease cash

Thanks! I noticed the MF in September was .00001. How big of a difference would .00022 be in terms of money?
Also, what is leash cash? Is it something all dealerships must offer? Thanks again!

bobd21

Michaell said:

bobd21 said:

Michaell said:

bobd21 said:

What is the MF and Res % for 2016.5 CX-5 36 Mo 10K and also 12K for So CA. Thanks in advance.

What trim level? FWD or AWD?

Grand Touring FWD please.

.00023 and 61% 60%

$515 lease cash

Thank you sir!

kyfdx

chowan1 said:

Michaell said:

chowan1 said:

Hi Can I have the numbers for AWD Touring for the following options in NYC?
2 years/10k and 12k miles
3 years/10k and 12k miles
Thanks

.00280 and 82% 81%
.00023 and 62% 62%

$515 lease cash

Thanks! I noticed the MF in September was .00001. How big of a difference would .00022 be in terms of money?
Also, what is leash cash? Is it something all dealerships must offer? Thanks again!

Lease cash is a dealer incentive. It should translate into a lower selling price.

The difference between money factors would add about $10/mo., but you have to look at the deal in it's entirety. There is the lease cash, but the residual might have dropped, as well.

Also, the 39 month term has .00001 MF, this month.

mmendoza2

Good morning,

May I please have the MF and residual percentage for a Grand Touring FWD in Florida for the following terms:


36/10
39/10
42/10

36/12
39/12
42/10

36/15
39/15
42/15

any lease cash?

Thank you

kyfdx

mmendoza2 said:

Good morning,

May I please have the MF and residual percentage for a Grand Touring FWD in Florida for the following terms:


36/10
39/10
42/10

36/12
39/12
42/10

36/15
39/15
42/15

any lease cash?

Thank you

15K/yr. Add 2% for 12K or 3% for 10K

36: .00023 MF and 58% residual
39: .00001 MF and 55% residual
42: .00035 MF and 54% residual

$515 lease cash

mmendoza2

kyfdx said:

mmendoza2 said:

Good morning,

May I please have the MF and residual percentage for a Grand Touring FWD in Florida for the following terms:


36/10
39/10
42/10

36/12
39/12
42/10

36/15
39/15
42/15

any lease cash?

Thank you

15K/yr. Add 2% for 12K or 3% for 10K

36: .00023 MF and 58% residual
39: .00001 MF and 55% residual
42: .00035 MF and 54% residual

$515 lease cash

Thank You

jcw33ny

Hi, How do you calc residual value? Off MSRP or negotiated price? Thanks
Joe

Michaell

jcw33ny said:

Hi, How do you calc residual value? Off MSRP or negotiated price? Thanks
Joe

The residual value is calculated against the MSRP - the bottom line number of the window sticker (including all options and destination charge).

dmace1

May I please have the MF and residual percentage for a Grand Touring AWD in Chicago for 3 years 36K miles

Michaell

dmace1 said:

May I please have the MF and residual percentage for a Grand Touring AWD in Chicago for 3 years 36K miles

36/12 - .00023 and 61%

$515 lease cash.

dmace1

Michaell said:

dmace1 said:

May I please have the MF and residual percentage for a Grand Touring AWD in Chicago for 3 years 36K miles

36/12 - .00023 and 61%

$515 lease cash.

Thanks. Do you know if a dealer can legally charge me a higher MF and/or a lower residual rate?

Michaell

dmace1 said:

Michaell said:

dmace1 said:

May I please have the MF and residual percentage for a Grand Touring AWD in Chicago for 3 years 36K miles

36/12 - .00023 and 61%

$515 lease cash.

Thanks. Do you know if a dealer can legally charge me a higher MF and/or a lower residual rate?

The dealer is not allowed to modify the residual, but they can mark up the MF as much as .00050

chowan1

Hi! Went to a dealer in Long Island, NY last week and here's the quote offered for 2016.5 Touring AWD in silver with everything in bold rolled in. I was quoted $322 per month and all I pay are 1st month's payment and government fees at signing. Tax rate is 8.875%
MSRP: $27,515
Selling Price: $26,350
Rebate: $515
Price after rebate: $25,835
Residual Value: $16.784.15
Acquisition Fee $595
Doc Fee $75
Tire Fee $12.50
Inspection Fee $10
Taxes: $933.10
Monthly (Base): $9,050.85 divided by 36 = $251.41
Money Factor: $9.80 monthly
Rent Charge: $352.89
Monthly: $322 I get $306 when I did the math.

I understand why we should roll the fees and taxes into the lease but is there also interest incurred on that if I rolled it in vs paying it up front? If so, how is that calculated? Thanks

eoseire

Hi, can you provide the MF and Residual for the a 2016.5 CX-5 AWD Grand Touring in SF, CA?
3 year/15000 miles please. Thank you!

kyfdx

chowan1 said:

Hi! Went to a dealer in Long Island, NY last week and here's the quote offered for 2016.5 Touring AWD in silver with everything in bold rolled in. I was quoted $322 per month and all I pay are 1st month's payment and government fees at signing. Tax rate is 8.875%
MSRP: $27,515
Selling Price: $26,350
Rebate: $515
Price after rebate: $25,835
Residual Value: $16.784.15
Acquisition Fee $595
Doc Fee $75
Tire Fee $12.50
Inspection Fee $10
Taxes: $933.10
Monthly (Base): $9,050.85 divided by 36 = $251.41
Money Factor: $9.80 monthly
Rent Charge: $352.89
Monthly: $322 I get $306 when I did the math.

I understand why we should roll the fees and taxes into the lease but is there also interest incurred on that if I rolled it in vs paying it up front? If so, how is that calculated? Thanks

36/12, right?
.00023 MF and 59% residual
If I add in everything you listed, I also get $306/mo.
Anything rolled into the lease is subject to "interest". That's where the money factor comes in. But, the equivalent interest rate is about one-half percent, so it's negligible. The finance charges on the entire car are only $9.80/mo.

But, Mazda allows the dealer to markup the money factor by as much as .00050 (to a total of .00073, in this case). That might be why your calculations don't match.

Either the money factor is marked up, or there are other costs rolled into the lease.
Ask the dealer for the money factor and the adjusted CAP cost.
The difference lies within those numbers.

eoseire

Sorry to repeat myself but I think my question may have been overlooked. Can you provide the MF and Residual for the a 2016.5 CX-5 AWD Grand Touring in SF, CA? 36 months/15K. Thank you.

kyfdx

eoseire said:

Sorry to repeat myself but I think my question may have been overlooked. Can you provide the MF and Residual for the a 2016.5 CX-5 AWD Grand Touring in SF, CA? 36 months/15K. Thank you.

.00023 MF and 59% residual.
$515 lease cash.

eoseire

Thank you Kyfdx

shawy1269

Can you provide the MF and Residual Value for a 2016.5 Mazda CX-5 Sport and Touring in South Florida for November? 36/12 and 39/12. Thank you.

Michaell

shawy1269 said:

Can you provide the MF and Residual Value for a 2016.5 Mazda CX-5 Sport and Touring in South Florida for November? 36/12 and 39/12. Thank you.

Assuming FWD, .00023 and 57% or 58% for 36/12. .00001 and 56% or 57% for 39/12. $515 lease cash.