Lease into an immediate buyout?

Off-Ramp
1

Hello Hackrs,

I am looking into used 2024 Mazda CX-90 Premium Plus PHEV, that seem to be pretty reasonable aka sub 40’s. My dilemma is, does it make more sense to lease a 2025 with my trade (about 8k in equity) and get the 7500 EV credit and then buy it out the following week or month? I’ve never done this before, but trying to figure out if it makes sense to do so. If the MSRP’s are 60k, I’ve seen about 8-10% off, along with 7500 EV credit and the 8k in equity I wonder if it that would just be the smarter thing to do financially. Please help. Located in NJ if that makes any difference as well.

2

Well the equity itself shouldn’t really affect if this makes sense or not . You have it either way

3

I don’t follow…

4

These are leasing really well right now, especially in the Northeast. If you really have $8K in equity, then keep that separate. Lease a new one for 2 years and toss the keys back.

1 Like
5

I typically drive about 20k miles per year though….

6

Don’t assume the lease cash is $7,500 FYI some PHEVs have more some have less

Plus there might be conquest or loyalty in addition

7

Volvo does 20k leases.

8

You can prebuy miles at 25 per.

9

Only interested in the CX90

10

Yes, lease it and buy it out to capture all the credits etc. Don’t use the $8K equity at all towards the lease deal, keep it separate and just use it for payments or when buying out.
Mazda’s are typically great vehicles, don’t know about the PHEV reliability as it’s fairly new-but overall Mazda=Great with an OK resale too

1 Like