Returning my 2019 Mazda CX5

[Gem10]

Hi Community!

I found this to be so helpful when I leased my CX5 back in 2019.

Well, my lease is up at the end of November and I am doing research and found that my car’s RSV is likely $6-8K higher than what was quoted in the lease contract.

How do I leverage that? I’m very happy with the car. Either I buy my car or lease a new CX5(preferred). Would the dealer just apply the $6K towards a new lease deal? Sorry for my dumb question.

Also, the car needs 4 new tires. Do I put on new tires before I bring it for inspection or give it back to the dealer “as is” ?

Many thanks!

[aronchi]

sell it to carmax

[forbs]

cough

[aronchi]

his mazda is through chase, not mazda credit.

[Littletuna]

Had been wondering the same thing with my 2019 leased Mazda. Extended the lease six months because I assume I’ll be smarter and more decisive in the future. Easy to extend through Chase.

[jeisensc]

2019 was when Mazda switched from Chase to TFS (around May), so it depends. But Carmax doesn’t care, they aren’t buying irrespective of the captive.

List of places to sell or value your car online

For the quickest results: Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup. Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to. Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially. In alphabetical order: Buyer Name Direct Link Review Link AutoCo…

[Gem10]

My lease is through Chase if that matters.

[TypeSH]

@aronchi

his mazda is through chase, not mazda credit

Technically neither was called Mazda Credit thought. Under Chase it was Mazda Capital Services and under TFS Mazda Financial Services, I believe.

I assume CarMax blacklists Chase not TFS, but probably both at this point.

[Gem10]

Interestingly, the Dealer said my lease payments on a 2022 would be about $440! ( I am paying $285/month)

Maybe I should extend the lease to give me some more time to think this through!

[forbs]

if you like the car, extend it!

[Gem10]

I do!
I’ve driven 4 separate BMW’s prior to getting the CX5 and I have to say, the handling and ride is very close the the BMW X3.

[forbs]

Extend as long as you can so the Lease Payments will be lower on the next car (hopefully).

Don’t forget you need to pay Registration.

[jeisensc]

@TypeSH

assume CarMax blacklists Chase not TFS, but probably both at this point.

By all reports, Carmax does not make the distinction, and efforts to clarify have failed. But feel free to review the “Sold to Carmax” thread.

[TypeSH]

@jeisensc

Carmax does not make the distinction, and efforts to clarify have failed

Yea that makes sense. I was agreeing with you on that.

While the intent was to blacklist Chase is my guess, CarMax is going to just blacklist both to avoid any issues/confusion. The fact that they call it Mazda ‘Credit’ just reinforces that I believe.

[jeisensc]

Honestly I don’t think Chase is the problem. They still allow third-party buyouts in all cases where they’re the captive - that I’m aware of. But so does Toyota as long as it’s not southeastern Toyota financial. Whatever problem Carmax had with buying Chase leases, they apparently decided that ”Mazda Credit” was more polite than “Mazda GFY”