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trying to calculate a good deal--so many moving parts!

chihuahuamomchihuahuamom Member Posts: 2
edited December 2016 in Mazda
I am 23 months into a 36 month lease on a pearl white Mazda3 sGrandTouring with Technology package and smart City braking, iEloop, etc.-- all bells and whistles, and loving it. I've only driven 12,600 miles, so I calculate that I am 5,600 miles under my 10,000 mi/year quota. The car is excellent. My lease payout is $20,770. Wanting though to try and take advantage of any lease equity, and turn it back in for a new lease on a 2016.5 CX5-Grand Touring, Titanium Mica, AWD. It's year-end clearance time, counting on good prices. How much equity do I have? What is the residual on the CX-5--58 or 63? What would be a good deal--payment on a new 3 year, no money down, 10,000 mi/year lease? Columbus, Ohio market.
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Answers

  • kyfdxkyfdx Moderator Posts: 187,525

    I am 23 months into a 36 month lease on a pearl white Mazda3 sGrandTouring with Technology package and smart City braking, iEloop, etc.-- all bells and whistles, and loving it. I've only driven 12,600 miles, so I calculate that I am 5,600 miles under my 10,000 mi/year quota. The car is excellent. My lease payout is $20,770. Wanting though to try and take advantage of any lease equity, and turn it back in for a new lease on a 2016.5 CX5-Grand Touring, Titanium Mica, AWD. It's year-end clearance time, counting on good prices. How much equity do I have? What is the residual on the CX-5--58 or 63? What would be a good deal--payment on a new 3 year, no money down, 10,000 mi/year lease? Columbus, Ohio market.

    Ask your trade-in question here:
    https://forums.edmunds.com/discussion/1212/general/x/real-world-trade-in-values

    Without knowing if you have equity, there is no point in the rest of the numbers.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • chihuahuamomchihuahuamom Member Posts: 2
    NADA lists $21,325 for a clean trade in. I was estimating $1,000 equity.
  • kyfdxkyfdx Moderator Posts: 187,525

    NADA lists $21,325 for a clean trade in. I was estimating $1,000 equity.

    Chances are, you have zero equity (or less).

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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