Good lease deal?
CX-5 GT Sell price 31,000 400/month 36x Residual 18200. Very new to this process trading in my mazda 6 05 they are giving me 1500 for it. Can they lower or raise the Residual? would that be worse for me or is it best to lower sell price?
Tagged:
0
Comments
Money factors can be marked up for extra profit.
Yes, you want to negotiate as low a selling price as possible.
What ZIP?
What is the MSRP?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
msrp 31900
cap cost 31186
84020
.00001 MF and 57% residual
If that's your adjusted CAP, I get $361/mo+tax
Your $1500 upfront is probably just enough to cover 1st payment, $595 acquisition fee and dealer/DMV fees.
I'd want a bigger discount
Verify the term/mileage allowance you've been given.
Seems like with the $1500 equity from your vehicle, you should be able to knock $30-$50 off that monthly
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator