Lease check: 2020 Mazda CX-5 Grand Touring Reserve

BlindWagon

Hi all. I would appreciate opinions on the following lease offered to me here in Vermont for a 2020 Grand Touring Reserve: MSRP: $36,675.00. Applied Mazda Loyalty ($1,500) and Healthcare ($500). I was not supplied any further details such as MF or residual.

For a 36 month / 10,000 mile a year lease

$0 down, all that is due is first monthly payment.

$439/month

To me this seems like it could be improved. Thank you!

Michaell

BlindWagon said:

Hi all. I would appreciate opinions on the following lease offered to me here in Vermont for a 2020 Grand Touring Reserve: MSRP: $36,675.00. Applied Mazda Loyalty ($1,500) and Healthcare ($500). I was not supplied any further details such as MF or residual.

For a 36 month / 10,000 mile a year lease

$0 down, all that is due is first monthly payment.

$439/month

To me this seems like it could be improved. Thank you!

Hard to say.

Do you know the selling price, or the adjusted cap cost with the fees and such rolled into the selling price?

Lease numbers are .00047 and 57%, and no incentives

BlindWagon

Thank you for the reply. That was all the info I was given for the lease. On the other hand, for a purchase/finance I was given:

MSRP: $36,675.00

Total Selling Price: $34,175.00

Admin Fee: $55.00

Tax Rate: 6.00%

Tax: $2,053.80

Registration: $128.00

Down Payment: $0.00

TOTAL: $36,411.80

Terms Months: 63

Rate: 0.00%

Payment: $577.97

Thank you!

Michaell

BlindWagon said:

Thank you for the reply. That was all the info I was given for the lease. On the other hand, for a purchase/finance I was given:

MSRP: $36,675.00

Total Selling Price: $34,175.00

Admin Fee: $55.00

Tax Rate: 6.00%

Tax: $2,053.80

Registration: $128.00

Down Payment: $0.00

TOTAL: $36,411.80

Terms Months: 63

Rate: 0.00%

Payment: $577.97

Thank you!

The only way to improve on that deal is to negotiate a lower price.

You can look here to help set a target:
https://www.edmunds.com/new-cars/