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2019 Mazda 6 Lease GTR

FroribsFroribs Member Posts: 1
edited June 2019 in Mazda
Hi,

Wanted your feedback on this lease offer (zip code 02420).

MSRP: $32920.00, Selling price: $30736.00, Money factor: .00001 , Residual: 55% = $18106.00
Monthly $395.75

First payment $395.75, Down Payment $360.00, upfront sales tax $31.19, due at sign-in $786.94

(I will ask to remove the down payment, as I don't understand it)

Thoughts?

Thanks!
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    MichaellMichaell Moderator Posts: 244,112
    Froribs said:

    Hi,

    Wanted your feedback on this lease offer (zip code 02420).

    MSRP: $32920.00, Selling price: $30736.00, Money factor: .00001 , Residual: 55% = $18106.00
    Monthly $395.75

    First payment $395.75, Down Payment $360.00, upfront sales tax $31.19, due at sign-in $786.94

    (I will ask to remove the down payment, as I don't understand it)

    Thoughts?

    Thanks!

    I confirm .00001 and 55% for 36/10

    The $360 "down payment" is actually the lease incentive you are entitled to. You don't pay it, but it gets added to the amount due at signing.

    If I add the $595 acquisition fee to the selling price, I'm within a couple of dollars of the dealer quote. The only way to improve on it is to negotiate a lower selling price.

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