CX-5 GT & GTR 2020 in Chicago - Normal deal?

achestaroachestaro Member Posts: 16
edited November 2020 in Mazda
Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

These are the numbers they gave me:

CX-5 GT 2020 - 36/10
MSRP $34435
Selling Price $29423
$399 / month
$3000 due at signing (first payment, taxes and fees)
No Downpayment

CX-5 GTR 2020 - 36/10
MSRP 36235
Selling Price 31267
$457 / month
$3000 due at signing (first payment, taxes and fees)
No Downpayment

Comments

  • MichaellMichaell ColoradoModerator Posts: 182,996
    achestaro said:

    Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

    The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

    These are the numbers they gave me:

    CX-5 GT 2020 - 36/10
    MSRP $34435
    Selling Price $29423
    $399 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    CX-5 GTR 2020 - 36/10
    MSRP 36235
    Selling Price 31267
    $457 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    GT - FWD or AWD?

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • achestaroachestaro Member Posts: 16
    Michaell said:

    achestaro said:

    Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

    The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

    These are the numbers they gave me:

    CX-5 GT 2020 - 36/10
    MSRP $34435
    Selling Price $29423
    $399 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    CX-5 GTR 2020 - 36/10
    MSRP 36235
    Selling Price 31267
    $457 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    GT - FWD or AWD?
    Both AWD.
  • kyfdxkyfdx Moderator Posts: 187,579
    achestaro said:

    Michaell said:

    achestaro said:

    Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

    The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

    These are the numbers they gave me:

    CX-5 GT 2020 - 36/10
    MSRP $34435
    Selling Price $29423
    $399 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    CX-5 GTR 2020 - 36/10
    MSRP 36235
    Selling Price 31267
    $457 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    GT - FWD or AWD?
    Both AWD.
    I agree, those don't look like very good deals.

    Are you in the City, and subject to the extra 9% tax on leases?

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • achestaroachestaro Member Posts: 16
    kyfdx said:

    achestaro said:

    Michaell said:

    achestaro said:

    Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

    The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

    These are the numbers they gave me:

    CX-5 GT 2020 - 36/10
    MSRP $34435
    Selling Price $29423
    $399 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    CX-5 GTR 2020 - 36/10
    MSRP 36235
    Selling Price 31267
    $457 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    GT - FWD or AWD?
    Both AWD.
    I agree, those don't look like very good deals.

    Are you in the City, and subject to the extra 9% tax on leases?
    Yes I am in the City of Chicago. I don't know if they are calculating based on double tax but it seems like it is because if they want $3000 due at signing it would mean that they want all of the following plus extra tax and fees over the monthly payment:

    Due at signing:
    - First month payment
    - 9% of full 36 month lease
    - $650 acquisition fee
    - $300 doc fee
    - ~$500 registration, gov fees

    The lease hacker calculator is coming up with much lower monthly payment even after paying close to $3000 due at signing:

    GT = $273 /month
    GTR = $318 / month

    More info about the cars deals as posted in the dealers' website:

    GT:
    MSRP $34,435
    Savings- $3,012
    Mazda Incentives - $2,000
    Sale Price $29,423

    GTR:
    MSRP $36,235
    Savings - $2,968
    Mazda Incentives - $2,000
    Sale Price $31,267

    Thanks.
  • kyfdxkyfdx Moderator Posts: 187,579
    achestaro said:

    kyfdx said:

    achestaro said:

    Michaell said:

    achestaro said:

    Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

    The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

    These are the numbers they gave me:

    CX-5 GT 2020 - 36/10
    MSRP $34435
    Selling Price $29423
    $399 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    CX-5 GTR 2020 - 36/10
    MSRP 36235
    Selling Price 31267
    $457 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    GT - FWD or AWD?
    Both AWD.
    I agree, those don't look like very good deals.

    Are you in the City, and subject to the extra 9% tax on leases?
    Yes I am in the City of Chicago. I don't know if they are calculating based on double tax but it seems like it is because if they want $3000 due at signing it would mean that they want all of the following plus extra tax and fees over the monthly payment:

    Due at signing:
    - First month payment
    - 9% of full 36 month lease
    - $650 acquisition fee
    - $300 doc fee
    - ~$500 registration, gov fees

    The lease hacker calculator is coming up with much lower monthly payment even after paying close to $3000 due at signing:

    GT = $273 /month
    GTR = $318 / month

    More info about the cars deals as posted in the dealers' website:

    GT:
    MSRP $34,435
    Savings- $3,012
    Mazda Incentives - $2,000
    Sale Price $29,423

    GTR:
    MSRP $36,235
    Savings - $2,968
    Mazda Incentives - $2,000
    Sale Price $31,267

    Thanks.
    You are subject to IL state sales tax, which is collected upfront (about 7.2% of total payments), and then City of Chicago lease sales tax of 9%, applied to the payment.

    I doubt the LH calculator can account for those numbers.

    I wouldn't go by the website. Get an actual quote from the dealer.

    Nothing is going to be cheap to lease, if you live in the City, and have to pay an extra 9% tax.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • achestaroachestaro Member Posts: 16
    edited November 2020
    kyfdx said:

    achestaro said:

    kyfdx said:

    achestaro said:

    Michaell said:

    achestaro said:

    Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

    The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

    These are the numbers they gave me:

    CX-5 GT 2020 - 36/10
    MSRP $34435
    Selling Price $29423
    $399 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    CX-5 GTR 2020 - 36/10
    MSRP 36235
    Selling Price 31267
    $457 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    GT - FWD or AWD?
    Both AWD.
    I agree, those don't look like very good deals.

    Are you in the City, and subject to the extra 9% tax on leases?
    Yes I am in the City of Chicago. I don't know if they are calculating based on double tax but it seems like it is because if they want $3000 due at signing it would mean that they want all of the following plus extra tax and fees over the monthly payment:

    Due at signing:
    - First month payment
    - 9% of full 36 month lease
    - $650 acquisition fee
    - $300 doc fee
    - ~$500 registration, gov fees

    The lease hacker calculator is coming up with much lower monthly payment even after paying close to $3000 due at signing:

    GT = $273 /month
    GTR = $318 / month

    More info about the cars deals as posted in the dealers' website:

    GT:
    MSRP $34,435
    Savings- $3,012
    Mazda Incentives - $2,000
    Sale Price $29,423

    GTR:
    MSRP $36,235
    Savings - $2,968
    Mazda Incentives - $2,000
    Sale Price $31,267

    Thanks.
    You are subject to IL state sales tax, which is collected upfront (about 7.2% of total payments), and then City of Chicago lease sales tax of 9%, applied to the payment.

    I doubt the LH calculator can account for those numbers.

    I wouldn't go by the website. Get an actual quote from the dealer.

    Nothing is going to be cheap to lease, if you live in the City, and have to pay an extra 9% tax.
    Thanks for the info about the taxes.

    Even with the double tax, the lease hacker calculator is coming ~$100 less than the dealer leases.

    Yes, the calculator does not account for the State Lease tax (9%) added to the monthly payment.

    In my current lease hacker calculations:

    GT = $273/month + State Tax 9% = $298/month

    Here's my example:
    CX-5 GT AWD 2020 Chicago
  • kyfdxkyfdx Moderator Posts: 187,579
    achestaro said:

    kyfdx said:

    achestaro said:

    kyfdx said:

    achestaro said:

    Michaell said:

    achestaro said:

    Hello - I reached out to a few dealers and they are all coming with similar pricing for CX-5 GT & GTR 2020 36/10 leases in 60647. Do they seem as bad as I believe they are or is this normal pricing in Chicagoland? I was looking to stay under $400 for the 2020 models but this will break my bank.

    The dealers were also very adamant and cold about providing the lease worksheets over email. They want in-person talk for showing the real numbers, which I am trying to avoid.

    These are the numbers they gave me:

    CX-5 GT 2020 - 36/10
    MSRP $34435
    Selling Price $29423
    $399 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    CX-5 GTR 2020 - 36/10
    MSRP 36235
    Selling Price 31267
    $457 / month
    $3000 due at signing (first payment, taxes and fees)
    No Downpayment

    GT - FWD or AWD?
    Both AWD.
    I agree, those don't look like very good deals.

    Are you in the City, and subject to the extra 9% tax on leases?
    Yes I am in the City of Chicago. I don't know if they are calculating based on double tax but it seems like it is because if they want $3000 due at signing it would mean that they want all of the following plus extra tax and fees over the monthly payment:

    Due at signing:
    - First month payment
    - 9% of full 36 month lease
    - $650 acquisition fee
    - $300 doc fee
    - ~$500 registration, gov fees

    The lease hacker calculator is coming up with much lower monthly payment even after paying close to $3000 due at signing:

    GT = $273 /month
    GTR = $318 / month

    More info about the cars deals as posted in the dealers' website:

    GT:
    MSRP $34,435
    Savings- $3,012
    Mazda Incentives - $2,000
    Sale Price $29,423

    GTR:
    MSRP $36,235
    Savings - $2,968
    Mazda Incentives - $2,000
    Sale Price $31,267

    Thanks.
    You are subject to IL state sales tax, which is collected upfront (about 7.2% of total payments), and then City of Chicago lease sales tax of 9%, applied to the payment.

    I doubt the LH calculator can account for those numbers.

    I wouldn't go by the website. Get an actual quote from the dealer.

    Nothing is going to be cheap to lease, if you live in the City, and have to pay an extra 9% tax.
    Thanks for the info about the taxes.

    Even with the double tax, the lease hacker calculator is coming ~$100 less than the dealer leases.

    Yes, the calculator does not account for the State Lease tax (9%) added to the monthly payment.

    In my current lease hacker calculations:

    GT = $273/month + State Tax 9% = $298/month

    Here's my example:
    CX-5 GT AWD 2020 Chicago
    Website price offers may not be valid with the lease program.

    Without an actual quote from a dealer, you are just guessing.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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