I have a stupid question, but I hope someone could help me figure it out.
I watched CarEdge instruction videos on Youtube and they suggested researching outside finance for loaning a car before going to a dealership. Do I need to do this when I lease a car?
I am actually going to lease a 2023 Mazda CX-30, and the dealership already provides the base MF .00171 to me. I have submitted my credit application through Mazda Finance asked by the dealership. I am going to get the car next week. I am just worried that the finance department will surprisingly add the MF rate. Is that possible?
Thank you in advance to those who provide an answer.
You should offer a drive off and monthly payment and make sure that’s what the dealership agrees to. I never cared about m.f. but some other hackers would disagree.
First of all, thank you very much for the answer!
Yes, we did have a monthly payment agreement. The salesman also sent me a buyer order with VIN number and I put a deposit.
As long as you do have clear agreement for the Due at signing amount / length of lease / miles / monthly payment including sales tax, you are all set! Don’t worry about their MF markup!
I would love to share after I get the car. I am afraid to get negative comments that will affect my decision.
But I can tell you that I got a deal from AutoNinjia for leasing a CX-30 Preferred and I would like to move forward. However, they stopped replying to my email, so I used their deal/quote to negotiate with a car dealership in NJ.
As someone who is very new to leasing or buying a car, I just had many questions. My guess is that the broker was reluctant to reply to my continuous questions.
You should consider getting your deal reviewed on LH. Either you will get A+ or get the suggestion to improve your deal. Unless you know for sure that your deal is deeply discounted, and it is better than any LH broker’s advertised deal, then you don’t have to disclose it prior to completing the purchase.
I am actually not looking for feedback, I just would like to share the deal as a reference that might work for others. I need to have a car ASAP.
According to my understanding, you cannot bargain a deal with a broker. After running the numbers, the Leasehackr score is 6.5 years. It’s already better than deals I found by myself. I used the numbers to negotiate with some Mazda dealers and only one accepted the deal immediately. My research tells me they have some Preferred CX30 in stock, so they would like to lower the price a little bit. Also, I already put a deposit down for the car, I don’t think I can get it back without paying the deal.
Anyways, I appreciate everyone’s comment. I have been dealing with the car thing alone for a while, kinda get exhausted.
Typically no, but that doesn’t mean that the vehicle is still a good lease candidate. Most brokers will happily work with you on a purchase instead of a lease to make sure you still get a great selling price.
