Good Morning! I’m looking for a deal check on a 2024 Mazda CX-50 preferred. I just asked what the money factor is and to remove vin etching. This car is discounted $1599 on the website, they added another $101 when I inquired on it, it’s about 4.98% discount. It’s been on their lot for almost 6 months.
I tried using the calculator but I’m unsure of some fields and what to input. Any help is appreciated. Thank you!!
See this thread:
Hey Guys, I’m looking at leasing the 2025 Mazda CX-50 preferred. This is my first time doing this and so far I’ve learnt so much through this forum and through reddit! I’d like to explain the process I’ve been through and the final numbers that I’ve come to as well regarding a deal.
Reddit told me to ask on edmunds to get the MF and RV. I got these values and plugged the info along with other info into the leasehackr calculator for the vehicle I wanted. Here are the numbers we chugged out of it:
MSRP: 33,995
Selling price: 31738 (I calculated 10% off of the MSRP because this is what I was advised through reddit to try and negotiate for)
15,000 miles
$0 down
36 months
residual: 55%
MF: 0.00039 OR 0.94% APR
fees as per my local dealer:
acquisition fee: 699
dealer fee: 989
registration fee: 210
Tax: 7.5% (Florida)
the final monthly payment I got was $397 (taxes included) with a RV of $18,697.
I’ve called my local dealerships and presented this to them…they didn’t even bite. One didn’t even counter offer. The other one offered this in return:
Selling price: 31738 (7% off instead of my proposed 10% off…which they said is the discount their employees get).
other values being the same…they got to a monthly of $488 per month. Not sure how they got this value as we discussed things over the phone so I didn’t have a physical invoice in front of me. It didn’t make sense to me as the selling price is only a difference of $1200 (their proposed 31,738 vs my proposed 30,596) yet the monthly difference would be close to $90 (my proposed 397 vs their 488) which equates to an additional roughly $3000 over the course of 3 years.
Any insight if my proposed offer is fair? Is their offer more realistic?
How does it compare to marketplace offer? I think there is a broker selling Mazdas in FL.
Also how does this monthly compare to similar cars?
I think what most people on other forums don’t understand is that you can only hack what is hackable.
Is a Mazda CX50 hackable?
What does this mean?
Being cheaper than ownership.
Some cars the best financial decision is buying brand new and owning ~4 years.
Sometimes it’s buying CPO @ 3 yrs old and owning 3 years.
It’s only a very small subset of cars that are hackable where leasing is the smartest way to drive the car.
Totally agree on the “hacking” definition, but I do think a great many people are happy with the potential excess costs of leasing and are looking for the best deal in a particular segment (5 seater gas SUV for instance). In the other thread I think we exhausted there are no true hacks for that need at the moment. In those cases the lessons learned here can still be a “relative” savings if someone is only considering leasing.
Many people don’t like the risk of depreciation due to accidents, market, etc during ownership. So if that means leasing a Mazda at $400/month when no other 5 seater hits that price, I’d want to know how to get the Mazda at $400/month instead of $600, regardless if the end result is a true hack.
great point. I can’t finance for religious reasons (it is interest based) and so my 2 options are really to lease or purchase. My priority as of now is paying down student loans which is why I’m opting to lease. My financial situation in 3 years will be very different at which point I probably buy the car outright or buy another used car if I don’t like the Mazda
I did see a leasehackr deal where it was going for $320. Will try to get that if I can
Make sure that person had same MF RV and incentives. Otherwise your comparison will be pointless.
The rent charge on a lease is interest.
I am Muslim as well —> lease in interest.
My understanding is that since we are just renting for that time period it is permissible. Different conversation for a different time for sure but I’m okay with leasing!
