Need help with this deal - 2021 CX5 Carbon Edition

dathgoddathgod Member Posts: 9
edited October 2020 in Mazda
I'm looking for leasing 2021 CX5 Carbon Edition 36mo/12k @ 98027
Not sure if this is a good deal, I also have a leased 2018 CX5 want to turn in early.
The dealer told me because I want to terminate the lease early so there will be no equity in my 2018 CX5.
Should I just go to another dealer?
I got the price from the dealer as follow:

MSRP:$31,300
RV: 61% $19,093
MF: 0.00208
Rebate:$750
Total Cap Reduction: $720.75
Capped Fee: $800
Total Taxes: $1634.12
Adj Cap: $30,008.25
Lic/Reg Upfront: $500
Upfront Fees: $7.75
Amount Due at Start: $1,750
Cash Collected: $1,000
Working Cash: $1,750
Base Rental: $405.33
Total Monthly Payment: $448.70

Thank you so much for your help in advance.
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  • kyfdxkyfdx Moderator Posts: 207,735
    dathgod said:

    I'm looking for leasing 2021 CX5 Carbon Edition 36mo/12k @ 98027
    Not sure if this is a good deal, I also have a leased 2018 CX5 want to turn in early.
    The dealer told me because I want to terminate the lease early so there will be no equity in my 2018 CX5.
    Should I just go to another dealer?
    I got the price from the dealer as follow:

    MSRP:$31,300
    RV: 61% $19,093
    MF: 0.00208
    Rebate:$750
    Total Cap Reduction: $720.75
    Capped Fee: $800
    Total Taxes: $1634.12
    Adj Cap: $30,008.25
    Lic/Reg Upfront: $500
    Upfront Fees: $7.75
    Amount Due at Start: $1,750
    Cash Collected: $1,000
    Working Cash: $1,750
    Base Rental: $405.33
    Total Monthly Payment: $448.70

    Thank you so much for your help in advance.

    FWD or AWD?

    Base or Turbo engine?

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  • dathgoddathgod Member Posts: 9
    Base with AWD, thank you.
  • kyfdxkyfdx Moderator Posts: 207,735
    dathgod said:

    Base with AWD, thank you.

    .00158 MF and 61% residual
    The dealer is marking up the money factor the maximum allowed

    That adds $25/mo.+tax to the payment.

    I would shop your current vehicle to Carmax, Carvana or Vroom, to see if there is any equity in it.

    And, shop more Mazda dealers for a better deal.

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  • dathgoddathgod Member Posts: 9
    Thank you so much for your information.
  • dathgoddathgod Member Posts: 9
    edited October 2020
    BTW, would that
    kyfdx said:

    dathgod said:

    Base with AWD, thank you.

    .00158 MF and 61% residual
    The dealer is marking up the money factor the maximum allowed

    That adds $25/mo.+tax to the payment.

    I would shop your current vehicle to Carmax, Carvana or Vroom, to see if there is any equity in it.

    And, shop more Mazda dealers for a better deal.
    BTW, will this monthly payment ($448.70) more reasonable for zero drive off?
  • kyfdxkyfdx Moderator Posts: 207,735
    dathgod said:

    BTW, would that

    kyfdx said:

    dathgod said:

    Base with AWD, thank you.

    .00158 MF and 61% residual
    The dealer is marking up the money factor the maximum allowed

    That adds $25/mo.+tax to the payment.

    I would shop your current vehicle to Carmax, Carvana or Vroom, to see if there is any equity in it.

    And, shop more Mazda dealers for a better deal.
    BTW, will this monthly payment ($448.70) more reasonable for zero drive off?
    Yes, less money makes it more reasonable... ;)

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