https://www.chase.com/business-banki...services/mazda
One-Pay Lease Program: Your customers have the option of making all monthly lease payments upfront, in one single discounted payment.
I’m researching with the idea of being ready to lease a 2017 CX-5 GT AWD diesel, if the stated 24 month residuals are attractive.
Mazda, via Chase, offers good Money Factor rates for 36 month leases (0.744%), but are really high (5.52% lately, was 8% APR, Money factor x 2400) for 24 month leases.
Does anyone have a resource, or experience, with their “One-Pay Lease Program”? I wouldn’t mind making one payment for the 23 remaining payments (1st month being at signing), if doing so would get the effective interest rate was down at/below/near their 36 month rate.
Any idea on what the effective APR might be?
https://www.chase.com/business-banki...services/mazda
One-Pay Lease Program: Your customers have the option of making all monthly lease payments upfront, in one single discounted payment.
24 months just makes sense personally. Thanks.
PS: I asked over at Edmunds, but they didn’t have any answer.