Hello Leashackrs, want to get your thoughts on what I should do. My current lease is 2020 MDX with $410 monthly payment (Details can be found HERE) . Was looking at 2022 while taking my car for service the other day, and here are the numbers I got.
2022 MDX AWD Base, MSRP $51745. My trade in equity is $6700 on my current lease, and after rolling that equity in the new lease, it came out with $450 monthly with first month due only (36 mons and 7,500 miles per year)
Should I pull the trigger for $40 more monthly to enjoy the new model? I was thinking will not be able to get that much equity if the market is not like this crazy, so didnāt mind putting them into the new lease (I know putting down payment is not a good idea for leasingā¦)
Or should I take the full equity as check, and then monthly payment will be around $640 with first month due?
Thanks. Here are more numbers in the new lease, basically itās a MSRP minus $1000 loyalty rebate, sales tax credit, and based MF 0.0008. I put the numbers in the calculator and came out $648 monthly with first month due only, which is pretty close to what they offered me.
Definitely not worth $635 for sure, but on the other end I donāt think my current lease worth $6700 equity credit as well, all due to the crazy market we are in now
Also was looking into some brokersā deal sheet and it has $600+ monthly with $3500 due at sign in, the number I got is not bad comparing to that, especially with sales tax situation in TX.
Not sure if Iām losing mind now, but the way Iām looking this is either stay with $410 for 2020 model, or $450 for 2022 model, as those positive equity wasnāt there at the first place, and will go away if the market back to normalā¦
Totally agree and I would do that as well if itās just for myself. But my wife does not like that idea at all I was looking at CX9 as well and seems be able to get the monthly payment close to $400s with $0 down and no trade. But it feels a bit downgrade from MDX.
Same thing for the rebate ($1000). sales tax credit is for leasing only, but since traded in value can offset most of the taxable amount there, so not much difference on that as well.
Or maybe keep the $6,700 equity, open another account for it and have 10-11 months of free payments (how your looking at it) with your $635 payment. If you need the cash for any reason itās not in your car and itās in your account. Thatās what Iām doing with my CX-9 equity and I have a 4XE on order. Good luck!
Love the vehicles. I have a 19ā CX-9 Touring & 21ā CX-9 Carbon. Iāve driven a Rogue, X3, Stelvio and I prefer the CX-9. Sharp handling, plush ride quality, upscale interior, super quiet inside and never a problem for either service wise. The Carbon is Polymetal Gray (blueish/gray) with red interior. It was supposed to be mine but my wife only drives it (go figure) once she saw those 20ā black wheels. Mazdaās tend to lease well too. Iām curious how the soon to be released CX-50,70 & 90 will look and drive like.
Yes when I wrote Rogue I too thought itās definitely in a different class, haha. But Iād still prefer a base CX-9 over a loaded Rogue cause of the engine.
The redesigned MDX is a sweet looking ride! Good luck once again!
I was looking at CX9 as well and seems be able to get the monthly payment close to $400s with $0 down and no trade. But it feels a bit downgrade from MDX.