Looking for advice on upcoming lease ending (2020 Mazda CX-5)

Ask the Hackrs
,
1

My lease is up in 1 month for my 2020 Mazda CX-5 Touring. I’m debating on whether or not to

  1. Finance a buy out and keep the car
  2. Finance a buy out and sell it (not 100% sure how this process works)
  3. Lease a 2023 CX-5 for $328/mo with $500 down (3 years, 30,000 miles)

Other Info

  • Purchase Price option is $17,383
  • The lease is through Mazda Financial Services
  • 13,000 miles (allotted 30,000)
  • Outside of wanting a bit more room in the back seat area, I love the car and have zero complaints.

If I go the finance route, should I just contact various banks and start getting quotes/rates on the financing?

2

You have posted here; there’s no need for parallel discussions.