Vzwdj
December 12, 2021, 4:00pm
1
Just leased, but realized I need a larger car. Looking to transfer the lease. Great deal only $298/month plus tax plus $2500 down.
Year, Make, Model, and Trim: 2021, Mazda, Select
Location: New York
MSRP:
Monthly payment : $298
Current mileage: 800
Maturity mileage: 33,000
Effective miles per month: 1,000
Maturity date: 07/31/24
Money down: $2,500
Effective payment: $384
Financial institution: Mazda Financial Services (Toyota Financial)
Vehicle condition (accidents, tire wear, etc.), options, and other details:Like New
Will add photos. Send me a private message if interested.!
mllcb42
December 12, 2021, 4:13pm
2
Just to clarify, are you saying the effective payment is $298/mo after a $3000 payment is made or are you saying the payment is $298/mo AND a $3000 payment is being requested.
2 Likes
Vzwdj
December 12, 2021, 4:15pm
3
Sorry, $298/month after $3,000 paid.
mllcb42
December 12, 2021, 4:16pm
4
So the payment on paper is ~$220 then?
Vzwdj
December 12, 2021, 4:21pm
5
No, goes the opposite way…it’s $298 after $3,000 down, so approx. $391 effective all in for remaining 32 Months.
Vzwdj
December 12, 2021, 4:22pm
6
On paper currently is $298/m bc I put the money down which I am looking to recover, so after you paid me the $3,000 you would be paying $298/m all in.
mllcb42
December 12, 2021, 4:23pm
7
Understood. Please update your first post to reflect this.
Is it typical for Toyota Financial to handle Mazda leases?
max_g
December 12, 2021, 4:28pm
9
Not quite, as they would pay tax on the $298
Vzwdj
December 12, 2021, 4:30pm
10
Yes, that is who currently handles Mazda leases
Vzwdj
December 12, 2021, 4:30pm
11
Tax is already paid for in the $3,000.
max_g
December 12, 2021, 4:33pm
12
You paid your tax. The next person will pay theirs.
2 Likes
Vzwdj
December 12, 2021, 4:33pm
13
It’s under the name Mazda Financial services which is under Toyota Motor Credit Corporation.
Vzwdj
December 12, 2021, 4:37pm
14
How is that calculated on a lease transfer?
max_g
December 12, 2021, 4:40pm
15
Depends on where they live.
In NYC, for example, it would be $298 X 32 (months remaining) X 8.875%
Vzwdj
December 12, 2021, 4:41pm
16
Ave what happens to the tax I paid for the full lease upfront (it’s not in the lease payments,)?
max_g
December 12, 2021, 4:46pm
18
It’s gone. It’s like buying a used car. You get no benefit from the prior owner having paid their tax before.
1 Like
Vzwdj
December 12, 2021, 6:00pm
19
Got it…Thanks for clarifying…if anyone is interested please PM me… thanks
1 Like