HRV or Mazda monthly cost

Ask the Hackrs
1

Hey, updated this with more details. Thanks!

10/36 in NYF

HRV Sport

All fees rolled in
$335.31 monthly
first payment
taxes on the payment
0.000100 MF

or Mazda CX 30 with taxes up front and a $1000 trade to cover the taxes…

30,800 selling price
CX-30 Preferred

18100 Residual

000.10 MF

$335/month

Just curious thoughts on these numbers. Thanks!

2

They sure look like numbers!

What is the MSRP and selling price of each car and trim? What’s the money factor and residual values of each? Have you put the numbers through the calculator to get an idea if the numbers match what the dealer is giving you?

Have you done research to determine if the discount off MSRP is competitive for ribose cars?

3

It is practically impossible for us to tell you what a “good” monthly payment is for your specific lease as lease programs are highly dependent on region, personal qualifications, tax rates, etc.

We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.

  1. Read Leasing 101 (Blog | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!
  2. Pick a specific vehicle that you want to target
  3. Gather the current MF, RV and incentives from Edmunds forums for your zip code
  4. Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
  5. Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
  6. Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.

With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.

4

I randomly picked this model and then quickly clicked through the build process on Honda’s web site.

I added about $9k in options, packages and accessories. Just this one variable could add $150 a month to the cost of the lease compared to the same trim with just the standard stuff.

You probably want feedback that’s based on more than random guesses.

5

He wants to press easy button by having strangers on the internet do the leg work. The fact that you even have to ask if $500 a month crv is a good deal tells me everything I need to know about this individual.

6

Write the numbers down on paper, hang them on the wall, and throw a dart. The one you hit is the one you lease. Same effect as asking here with that amount of info.

7

Pick a car from the “Marketplace” sections of LH forums

8

The original poster has only been here since 7/27, so it’s more likely that s/he wasn’t yet aware of the recommended methodology posted earlier in the thread.

My post was intended to demonstrate how the info posted wasn’t sufficient, in order to amplify that point.

9

OP posted once before and then never replied to the post he/she made. Not putting in any real effort

10

I’ve started several things in the past 8 hours, many of which are also unfinished.

I guess you could organize a mob to start chanting something about spoon feeding. People love that.

11

:joy: sorry real life. Updated numbers with more details.

12

edited with more details if that helps instead of the wiseass comments :joy:. thanks!

13

Now that you have slightly more information, gather the rest of the info needed and work through the step by step instructions posted above.