Okay. Still bummed that the lease was quoted at $800, despite a 10% dealership discount. Something was fishy about it.
Also, vroom doesnât exist anymore.
You get the idea. You may need to hit up a dozen dealerships so donât dwell on one quote.
24 months is better than 36?
Guys, I just received the contract and would appreciate your feedback. Initially, we agreed on $2,700 off MSRP plus a $1,000 loyalty rebate, based on an MSRP of $48,875. However, the contract lists a different MSRP ($43,422.91) and a reduced discount ($2,301.27).
Ultimately, the sale price remains the same at approximately $46,1xx, but Iâm concerned they may have removed some items or adjusted the deal differently. The residual value is listed as $27,370 (36 months/12k miles per year). I paid $2,400 DAS, and the monthly payment is $545.13.
Could you please confirm if Iâm missing anything?
MSRP isnât on hereâŚthere should be a breakdown of how they got to your gross cap cost somewhereâŚalso use the calc here to verify your payment/DASâŚbut you are really doing opposite of what you shouldâŚyou should know the discount you can get along with base MF and RV for your car/term and be able to create a target payment without even talking to a dealer.
The MSRP is not listed in the contract. The 43422.91 is the Gross Capitalized Cost which equals the Sell price (agreed upon value) + Capitalized fees. You didnât provide page 2 and so, I have no idea what fees are capitalized other than the total capped fees = 2247.91 which likely includes the acquisition fee and sales tax. Sell price = 46175. Looks like your sales tax rate is 8.00%. Why did you cut off the top part? That has very important info. Just use a black marker to cover identifying info. I need to see page 2 or whichever page the gross cap is itemized. Your MF = .00033. In what state will the car be titled (garaged)? Important to know for tax calculation purposes.
Iâve attached both pages, but the MSRP isnât listed anywhere.
If the contract omits this crucial information, please let me knowâI have leverage and wonât sign it as is. I was initially rushing due to upcoming tariffs, but if the offer isnât solid, Iâm willing to take the risk with future car costs. I can comfortably wait another 3â6 months for a new vehicle.
All for NYS
1 Like
Whatâs the car? You can figure out MSRP from the RV %
1 Like
CX-90 Premium sport. Great point! With the RV=56%, I got MSRP=48,875 and its a correct value. Not sure why this info is missing in the contract
1 Like
Itâs not missing. MSRP is never there. Funny that I assumed 56% for the same MSRP.
2 Likes
Itâs confusing.
Thanks for the updated contract. Now, I have enough info to do some real damage⌠here we goâŚ
Sell price 46175.00
Capped Fees:
*Sales Tax 1568.48
Mazda Acq Fee 650.00
Title/license/Reg. fees 6.93
NYSI 10.00
Tire Fee 12.50
Gross Cap 48422.91
CCR 2301.27
Adj. Cap 46121.64
Term 36
MF .00033
Sales Tax Rate 8.00%
*Pre-tax Base Pay (PTBP): We need to deduct the 1568.48 tax, included in the gross cap, from the Adj. Cap to get 44553.10. This is used to compute the pre-tax base payment as shown belowâŚ
PTBP = .00033 x (44553.16 + 27370.00) + (44553.16 - 27370.00)/36 = 501.04
NY computes levies sales tax a bit differently than other states (except ILL) when it is capitalized in the lease. It is calculated as followsâŚ
501.04 x 36 x [.08/(1-.08)] = 1568.48
If youâre interested in a detailed explanation, I can provide it.
Your post-tax base payment is calculated as followsâŚ
.00033 x (46121.64 + 27370.00) + (46121.64 - 27370.00)/36 = 545.13
Because this payment captures the 1568.48 tax, it is also your contractual monthly payment shown on your lease contract.
Lease Inception Fees
1st payment 545.13
**CCR 2301.27
CCR Tax 184.10 ⌠8.00% x 2301.27
License/Reg. Fee 180.50
Deler Doc Fee 175.00
Doc Fee Tax 14.00 ⌠8.00% x 175
Total inception Fees 3400.00
Rebate Credit 1000.00
Due at Signing 2400.00
**The CCR is a calculated number. If you would like to see the calculation, I can provide it.
You and @Ursus calculated the MSRP based on the RV and RF.
Whether this is a good deal, I canât say as I havenât done the required research.
??? Let me know.
1 Like
Is this a hackable trim? Last I checked only the PHEV CX90 was hackable.
