I’ve come to the realization that my local dealership marked up the MF on this quote. I can get pretty close to the top range of the $0 money down option in the attachment using the Hackr calculator. Best way to negotiate the MF down?
Find the base money factor from edmunds and tell them that’s what you want. You should also ask for a better price on the car. That is a horrendous deal.
Have you spoken to any brokers? @AutoNinjas usually has some good Mazda deals. They got me the car I wanted and were great to work with.
This is a LEASE? OMG This is horribly bad.
Pay a Broker some money and get this in the mid 300s
Edmunds MF looks much more reasonable (~5% versus the ~8% I was estimating the quote to be at).
The dealership was firm on the price as it is already ~3% off MSRP 30,870. Definitely will pass unless they can be more competitve.
I had a thought it was pretty bad, but this confirms it!
What’s your target?
I’m at 9% pre-rebates on CX-5 Carbons.
I think it’s reasonable to ask for 8% off MSRP and go from there. Pay dealer and title fees upfront, roll taxes into monthly payment:
$425 per month
$2,000 at most DAS
8% off checks out
So if that were achievable why would you want to?
$17k to lease a $28k car?
Cheaper upfront and per month than financing is really my reasoning. I understand financing is a better investment in the long-run, and cheaper when factoring buying out the car at the end of the lease, but leasing might be best for my current needs and then can decide what to do in ~3 years.
That sounds great in theory but you actually have to find a lease that’s cheaper than financing. You haven’t.
Take this Lease v Finance in the calculator as an example.
How does one know if it makes sense to Lease or Finance? Just talking money, no personal situations. Because this Lease is cheaper upfront than Financing, all things kept equal.
A quick rough eval can be done by plugging the residual value and lease term in to the finance side as your disposition and compare effective monthly then
I got you, my fellow Terp! Shoot me a DM and I can get you something local.
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This makes sense to include the market value after the lease term would be up. Very helpful to see it through this lens!
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Only if you promise we can beat NW on Sunday.
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I’ve tried emailing jaime for a week and can’t ever get a response…
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