Car Buying Advice - Good deal on Mazda6 GT?

nickc5

I'm located on Long Island, New York. I'm looking at 2017 GT with white paint, bumper guards and wheel locks, no other options. 10,000 miles lease for 36 months. 583.00 out of pocket which is first month and DMV, no other money down. 379.00 a month for 35 payments. Need to verify agreed upon price but pretty sure is 29,143.00, money factor is .0001. 17,231.40 residual. Is this a good deal?

nickc5

31,900.00

kyfdx

nickc5 said:

I'm located on Long Island, New York.
I'm looking at 2017 GT with white paint, bumper guards and wheel locks, no other options.
10,000 miles lease for 36 months.
583.00 out of pocket which is first month and DMV, no other money down.
379.00 a month for 35 payments.
Need to verify agreed upon price but pretty sure is 29,143.00, money factor is .0001.
17,231.40 residual.
Is this a good deal?

What is the MSRP?

kyfdx

nickc5 said:

I'm located on Long Island, New York.
I'm looking at 2017 GT with white paint, bumper guards and wheel locks, no other options.
10,000 miles lease for 36 months.
583.00 out of pocket which is first month and DMV, no other money down.
379.00 a month for 35 payments.
Need to verify agreed upon price but pretty sure is 29,143.00, money factor is .0001.
17,231.40 residual.
Is this a good deal?

nickc5 said:

31,900.00

.00010 MF and 54% residual
$1300 lease cash.

To hit that payment, you need an adjusted CAP of about $30,700.
$595 acquisition fee
$1100 for tax.

Seems about right.

I'll say that considering the $1300 lease cash, your discount from MSRP is only about $1500 or less than 5%.
I'd think you have some more room to work on price.
Every $1000 lower saves you $28/mo.

nickc5

Great info, thanks