I walked in just wanting to ask some questions but worked this deal up while I was there. I’m trying to roll a large amount of negative equity into something but still get the best deal possible. Asked for the 7% off and they gave it to me and felt like maybe I should have asked for more? Appreciate any recommendations.
Is it $11K in negative equity? I don’t see that in the calculator.
Yes I didn’t add the negative into the calculator cause I’m not so much concerned about the monthly payment as much as I’m concerned about the deal. The monthly with $2000 down is $940 with a .00278mf
I’ve only skimmed some deals in the NE just now (I think Mazdas tend to lease better in that region), and 7% seems pretty solid. But you can check the Marketplace listings yourself to verify.
Perhaps the dealer offered that easily b/c they will be a good amount off the rental charge for the negative equity you’re rolling in?
The negative equity significantly affects the deal, so I don’t think they can really be considered separately.
You may get a lot of unsolicited comments from posters about rolling in that amount of negative equity to a new lease.
Can you afford $970 per month car payments?
What other offers did you get for your current car? It’s good to see how much money you are leaving on the table.
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Yes I can. My current payment has been $700 on a bad credit car loan for 3 years so just happy to get a reasonable interest rate here. $10,000 is a generous offer for my current vehicle based off of what carmax/ other dealers have offered. I know that In that way unless I can find a dealership that will give a crazy over allowance I’m maxed out.
What’s the interest rate on your car currently, and do you really want/need a new car? MF of 0.00278 is very meh to me.
If your current car is running just suck it up and do what you can to pay that loan off and then you can be in charge next time.
Send me a PM I have a very similar situation.
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