Located in North Jersey. Looking at an MDX Advance.
48mo
12k mi/year
$732/mo
$3950 due at signing (taxes and fees only)
MSRP 65,595
Selling price 60,240
MF .00145
Residual 49%
Thoughts? Thanks in advance (pardon the pun)
MSRP, selling price, etc?
MSRP 65,595
Selling price 60,240
MF .00145
Residual 49%
Do you qualify for loyalty or conquest? loyalty is $2500 and conquest is $1750
I do not qualify. 1 car in the house right now and it’s a Mazda.
Looks like a good candidate to finance instead of lease.
Curious why?
Why would you spend $38k to lease a car that is being sold for 60 or less?
Just got a slightly better deal…
MSRP 65,595
Residual 55% (35,747.25)
MF .00145
3,500 due at signing (taxes and fees)
$747/mo for 39 months, 12k mi
Thoughts?
Does it change anything? You’re still on course to make $59k in payments over 72 months for a $60k car and have nothing to show for it.
Are you generally opposed to leasing or you just think this is not a good enough deal? Trying to understand your angle here. What do you suggest I do instead?
The latter. Does anyone actually need an angle to point out something so obvious?
Your choices are to (1) buy the car that’s your first choice if it doesn’t lease well or (2) check the Marketplace for a better lease alternative. There’s usually no single answer to the question of what’s a better deal. For example the Volvo XC90 can be a great deal with loyalty, Costco and MSD; otherwise it’s not.
Leading doesn’t make sense for every vehicle. There are many times where no matter how good the deal is, it makes more sense to purchase. Likewise, there are some vehicles that only make aense to lease. Part of effectively lease hacking is knowing when not to lease.
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