Deal check 2023 Mazda CX-9 24/12K $340/month ($482 effective)

[duckyduck]

MSRP- $40740
Selling Price- $36671
Term- 24/12k
MF- 0.00001
RV - 70%

DAS - $3391 for tax, registration, doc fee, etc…
Monthly - $340

CALCULATOR | LEASEHACKR

[Bluemkn57cars]

RV and mileage are incorrect in your calculator.

[duckyduck]

sorry I fixed the calculator link

[max_g]

Why would you pay tax on the full price of a vehicle every 24 months?

[duckyduck]

That’s how VA tax on lease, and I’m planning to buy out after 24 month.

[max_g]

Why not buy it on day 1?

Avoid the acq fee and any purchase fee and having to get a used car loan down the road at a higher APR than a new car loan today

[duckyduck]

didn’t want to pay the high APR and high monthly payment. low MF and high RV got me interested in leasing the CX-9.

[Bluemkn57cars]

@duckyduck

didn’t want to pay the high APR

What rate was Mazda / the dealer offering?

Check out this post for links to credit unions with the best finance rates.

The Best Finance Rates & Hacks! Submit your CU recommendations!

Sometimes it can be better to finance a car rather than lease it! Some of the reasons this may be true include: Federal EV credit - some lease originators may not pass the full Federal EV credit or state credits. Through financing or balloon loans (another type of financing, you can take advantage of these credits if you have the tax liability) High Lease Money Factor - some lease originators have a very high money factor, higher than what it would cost to lend from another bank! Combined …

[duckyduck]

thank you I will check it out.

[duckyduck]

Mazda is offering 2.9% this month. I think I might purchase instead of leasing. Do I have to pay sales tax again if I buy out lease?

[Bluemkn57cars]

@duckyduck

Do I have to pay sales tax again if I buy out lease?

I have no clue about that.

[duckyduck]

I’ll check with DMV. thanks for your help. the link to the credit unions made me think twice about leasing as the effective monthly payment is high.

[duckyduck]

found this, apparently no sales tax need to be paid again as long as i can show proof.

Mini FS Asking Me to Pay Double Tax on VA Lease Buyout

Hi Everyone, I have a question regarding the buyout of my wife’s leased mini countryman. As some of you know, VA is an upfront tax state, meaning we paid tax on the full price of the car when signing the lease. When we called MINI FS to buy out the lease, they added VA sales tax to the buyout price. Upon further inspection on the DMV site, I saw the following: " Motor Vehicle Sales and Use Tax (MVSUT) is normally collected when titling the vehicle in the lessee’s name; however, if the lessee …

[max_g]

My takeaway from that link:

1. Your lease contract isn’t enough proof per VA DMV.

2. Going back to the original dealer (or any dealer) means you’ll be paying infamous VA doc fees a second time to buy out your lease.

That sounds like a lot of time, money and aggravation that could be saved by financing on day one.

[duckyduck]

thank you very much for your suggestions. it really helps me thinking what is best for the family. just for the record, I was thinking to lease from one of the MD dealers as i hate to deal with any of the VA dealers which charges $700+ fees standard for doc fee.

[max_g]

Won’t save you much. MD dealers charge $500 IIRC.