Deal Check Mazda CX90 PHEV Lease vs Buy Tennesse

Ask the Hackrs
1

Please advise if I need go with Lease or Buy.

NEW 2024 Mazda CX-90 PHEV Preferred.

Lease :
Term : 36 Months
Miles : 12000 per year
MSRP : 51320.00
Discount : -1249.00
Selling Price: 50,071.00
Rebates : -7,500.00
Discounted Price : 42,571.00
Residual Value : 30,278.00
Due at signing : 10000.00
Monthly Payment : 385.54

Buy:
MSRP : 51320.00
Discount : -1249.00
Selling Price: 50,071.00
DownPayment : -20,000.00
Estimated Tax : 3796.00
Estimated Fees : 828.00
Monthly payments : 680.00

2

When you get the ev tax credit on a lease and not on a purchase, the question you should be asking is “do I hold the lease to term or buy it out immediately”. Outright purchasing is pretty much a non-starter.

With that said, please don’t put $10k down on a lease.

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3

Thanks , with residual value, 30 K is right amount?
how can I negotiate on lease option.?

4

If you sign up for SCCA , their S Plan should save you around $3000 compared to that paltry $1249

5

You may want to read the pdf below which I wrote regarding the lease v. buy decision.

Lease v. Purchase - LH Post.pdf (465.5 KB)

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