Lol there goes max_g again telling people to avoid leasing. @DanQays , max_g loves to talk people out of leases. He thinks he’s doing folks a favor by having them save money by driving used cars or keeping cars for longer than a normal lease term.
Michael and Joeblogs are giving you useful leasing advice. Assuming your monthly budget allows, if you use MSD’s and remove your cap-cost reduction, you can spend significantly less over the lease term with MSD.
Here’s your lease using Michael’s calculator link, but with max MSD and $0 down payment.
The LH calculator link above also has a comparative 48 month financing @ 3.5% interest (assumes some subvention from Mazda). I also assume all the up-front (including MSD) on the lease side gets put into a down payment on the financing side. Last, I assume you sell the car after 4 years with a 50% residual at that time.
You can see the lease monthly effective cost would be similar to the 48 month buy/sell approach’s effective monthly. So IMO, your lease offer is pretty good. Plus your monthly payment would be much lower vs the financing option.
I don’t know what other cars max_g thinks is better than the CX-5 at this price point, but I suspect it’ll be something like a used Corolla.
